Multichannel broadcster UKTV – owned by BBC Studios – has invested in luxury watch comparison website start-up TIME-TO-FIND, using its multi-million pound investment fund, UKTV Ventures. The partnership comprises an ‘airtime-for-equity’ agreement which will see TIME-TO-FIND launch its first ever TV advertising campaign on UKTV’s seven channels – Alibi, Dave, Drama, Eden, Gold, W, and […]
The $1.8 billion legal claim by SES on Intelsat concerning the SES claim on the split of FCC’s C-band incentive payments rumbles on, but with some tough comments from an SES submission to Intelsat’s bankruptcy court. SES filed its further motion with Intelsat’s bankruptcy court on March 3rd and wants the court to determine which […]
Channel 4 has announced that Big Deal Film is to join its Indie Growth Fund portfolio. Initially formed as a talent management company by Dhanny Joshi and Thomas Stogdon, Big Deal Films has established itself as a dynamic new voice in the world of production with a reputation for creating innovative factual, factual entertainment and […]
South Africa’s public broadcaster, SABC, wants the government to create a “household tax” on every home to fund its activities. “The current TV licence fee system should be scrapped and replaced with a device-independent, tech-neutral household levy for public broadcasting, which would levy all households, with exemption for the indigent and discounts for pensioners,” said […]
Fast-growing African telco Liquid Telecom has raised 12.4 billion Rand (about €700 million) in a bond sale. The company, backed by telecoms tycoon Strive Masiyiwa (who also sits on Netflix’s main board) and who heads up the Econet business, says it will use the fresh funds to refinance existing debt and expand its broadband business […]
Researchers at Quilty Analytics have carried out a running total of SpaceX’s fund-raising exercises and estimate that the Elon Musk-backed business has raised around $6 billion (€4.9bn) since the announcement of its – then proposed – Starlink broadband-by-satellite service in 2015. Quilty says its calculations show some $6.54 billion, not including debt financing and the […]
Clare Sumner, Director of Policy at the BBC, has called for a radical reappraisal of the role the Corporation plays in shaping the wider broadcast market to inform the debate about its future. Delivering a keynote speech – The evolving role of the BBC – to the Westminster Media Forum policy conference on ‘The future […]
Plume, the company behind the smart home service offerings of more than 170 Communications Service Providers (CSPs) served to more than 22 million households across the globe, today announced that it has closed a $270 million minority investment from global venture capital and private equity firm Insight Partners. This Series E round at a $1.35 billion […]
Ottawa-based satellite operator Telesat, which last week announced plans to build 300 Low Earth orbiting (LEO) satellites for its Lighspeed project, is to receive a C$400 million (€260m) investment from the government of Quebec. A Memorandum of Understanding has been signed by Telesat and the Quebec government. There is a catch. The cash comes in […]
SpaceX has wrapped a fundraising round of a reported $850 million (€704.4bn) to help pay for his new Starlink launches and development work on his Starship/Mars project. CNBC reports that the new cash was generated by the sale of shares at an impressive $419.99 per share and thus giving the privately held business a value […]