The BBC has grabbed the chance to lock in the licence fee as part of horse trading in the UK government’s round of cuts. But it has paid a heavy price. The fee will be locked in at today’s rate of £145.50 (E167) for six years; a real terms cut of over 15%. It has […]
PeerTV, Ihe Internet TV service provider, has announced its intention to make an IPO on AIM. The Company is seeking to raise up to £6 million (E6.9m) gross in new equity capital to enable it to capitalise on the opportunities in the Internet TV market. PeerTV’s proprietary solutions enable TV service providers to deliver specific, […]
Video search platform Blinkx is mounting a share issue equivalent to 7.5 per cent of the company in order to try and raise at least £19.5 million (E27.4m). Blinkx says: “The Placing is being conducted to further strengthen blinkx’s balance sheet and to provide additional funding to support blinkx’s growth strategy.” Blinkx shares rallied recently […]
The UK Department for Education has pulled the plug on Teachers TV. Ten Alps, which co-owns the site with ITN, told the London stock exchange that the government is cancelling the £10 million (E11.5m) annual contract from April 2011 as part of the cuts. Ten Alps CEO Alex Connock, said: “The news came out of […]
Veebeam has raised the first of a two-tranche, $6 million second funding round from Amadeus Capital Partners, Intel, Capital and Oak Investment Partners, Bay Partners, Formative Ventures, Khosla Ventures and Vision Capital. Veebeam’s $99/£99 system sends images from a computer, through a USB dongle, wirelessly to a receiver plugged in to the back of a […]
Sky Deutschland has just had another cash injection from News Corp which now controls almost 50 per cent of the pay-TV company, although Sky Deutschland is still seeking additional liquidity. News Corp says it will not absorb more than its current 49.9 per cent shareholding. Investment bankers Morgan Stanley, in a note to clients, say […]
Sezmi has raised $17.3 million more for its US national hybrid broadcast-broadband television distribution network, according to a regulatory filing. The company, which was founded in 2005 and previously had collected more than $75 million from investors, has so far rolled out to 36 metropolitan markets via outlets that include Amazon and BestBuy, following a […]
Germany‘s largest cable operator Kabel Deutschland (KDG) is looking to issue more shares. Bankers Morgan Stanley supports the move. Indeed, in a note to investors the bank says the cable giant has “robust prospects” and advises clients to stay ‘overweight’ given its forecast of a 16 per cent upside to its E31 a share target […]
The BBC Trust has proposed to Government that the licence fee should be frozen at its current level of £145.50 (E173) for the remaining two years of the current settlement, through to March 2013. This would mean taking an estimated £144 million out of planned BBC budgets. Outgoing BBC Trust chairman, Sir Michael Lyons, said: […]
Following a record 40 per cent revenue growth, driven by increased demand for broadcast services on both satellite and online platforms, London-based sister companies Playout247 and Vision IPTV have unveiled a major investment programme in studio and broadcast technology supported by capacity increases. Four existing studio facilities have been upgraded to HD, and […]