Following BBC Cymru Wales and Media Cymru’s first Content Innovation Fund in 2022 – another funding round has launched for Wales-based production companies to research, develop and commission innovation-driven content to engage audiences with the climate crisis across Wales and beyond. Nick Andrews, Head of Content Commissioning at BBC Wales, commented: “It’s terrific to be […]

OpenAI, the maker of ChatGPT, has raised $6.6 billion (€5.98bn) in its latest funding round. Funding came from the likes of new investor Nvidia, as well as returning investors Microsoft and venture capital firms Thrive Capital and Khosla Ventures. It is also reported that Altimeter Capital, Fidelity, SoftBank and Abu Dhabi’s state-backed investment firm MGX […]

Channel 4 and Lloyds have teamed up once again for the return of Black in Business. This year, four successful Black owned-businesses will each be awarded £150,000 of TV advertising on Channel 4 – up from £100,000 per winner last year. The initiative aims to identify and empower four businesses ready to scale and grow […]

Sandvine, a provider of OTT Application Classification and Quality of Experience (QoE) solutions, has been acquired by a group of US investment firms that previously were, and continue to be, lenders to the company. In connection with this change of control transaction, the lenders have agreed to reduce the company’s total outstanding debt significantly. Following […]

A new consortium plans to create an Artificial Intelligence (AI) prototype and publish research into how AI could support under-represented content creators and established producers to enhance storytelling in film and television. The Charismatic consortium – which has received £1.04 million (€1.24m) from the government’s Innovate UK programme – will research the opportunities for the […]

Rivada Space Networks issued a press release to coincide with Euroconsult’s Paris Space Business Week which said that it is “partnering” with Peraton, “a next-generation national security company and transformative enterprise IT provider” who will now work with Rivada once its planned 300 satellite constellation is in place. However, there was no news on whether […]

California-based satellite operator Viasat has announced that certain subsidiaries of the company intend raising $1.25 billion (€1.13bn) in Senior Secured Notes. The cash is being raised by Connect Finco SARL and Connect U.S. Finco LLC via Connect Bidco Limited (a subsidiary of Inmarsat). Viasat owns London-based Inmarsat. Most of the cash raised together with cash […]

Virgin Media O2 is reportedly seeking outside investors to help fund its £5 billion (€4.5bn) newly created network company to challenge market leader BT Group, according to a Bloomberg report. Virgin Media O2, jointly owned by Liberty Global and Telefónica, is working with advisers to raise at least £1 billion by selling a minority stake […]

Immersive entertainment specialist Layered Reality has secured an investment deal worth £1.75 million with Channel 4’s consumer investment arm, Channel 4 Ventures. The media for equity deal enables Layered Reality’s immersive experiences to reach a TV audience for the first time. Over the course of a year, The Gunpowder Plot, Jeff Wayne’s The War of […]

Liberty Media has revealed plans to sell F1 shares worth $825 million (€742m) in order to ‘partially fund’ its planned acquisition of MotoGP. In April 2024, Liberty agreed to acquire 86 per cent of MotoGP commercial rights holder Dorna Sports, valuing the sport at $4.2 billion. ”The acquisition is expected to be completed by year-end […]