Charlie Ergen’s Dish Network says it will offer $2 billion-worth of convertible notes. Dish will also grant the initial purchaser of these notes an additional $300 million option. Dish says: “The net proceeds of the offering are intended to be used for general corporate purposes, including 5G network buildout costs.” The US DTH operator adds: […]
The European Commission seems enthusiastic about backing its own dedicated Low Earth Orbit system for satellite-based broadband. Speaking during the European Space Week 2020 its Commissioner for the Internal Market, Thierry Breton, spoke in favour of a Quantum Communications Infrastructure satellite scheme. The European Commission has awarded a group of European telcos, satellite manufacturers and […]
Amazon Prime Video and Amazon Studios have announced a €500,000 commitment to support workers working behind the scenes in Germany’s entertainment industry that have been affected by the Covid-19 pandemic. Many TV and movie productions, concerts and other events have been delayed or came completely to a halt due to the Covid-19 crisis. As a […]
Following the news that the Premier League is providing a £250m (€277m) support package to the English Football League (EFL); Conrad Wiacek, Head of Sports Analysis for GlobalData, a data and analytics company, offers his views: “While the £250 million support package is welcome, more financial support would be highly beneficial. With Premier League teams […]
All Raise, a VC fund to focus on women’s equality, has this week raised $11 million toward a target of $15 million from backers including Pivotal Ventures, the investment firm of Melinda Gates; the Reid Hoffman Foundation; and GGV Capital. The money will fund expansion plans for the next three years, said Pam Kostka, All […]
Veset, an SaaS linear channel management platform provider, has announced a significant equity investment from PLAY. PLAY is the leading media technology company in Japan and a subsidiary of Nippon TV. PLAY is focused on digital transformation in the media and entertainment industry by developing and offering innovative video distribution services. PLAY has integrated Veset’s […]
UK Chancellor of the Exchequer Rishi Sunak has effectively confirmed that Britain’s gigabit-speed broadband plan has been rolled back, as part of the government’s Spending Review, with industry observers expressing disappointment and confusion. The aim has changed from “every home” by 2025 to “minimum of 85 per cent coverage” by 2025. The budget of the […]
Alex Mahon, Chief Executive of UK PSB Channel 4, has unveiled a new five-year strategy for the business, Future4 – which will accelerate its pivot to digital and significantly increase both streaming of Channel 4 content and new revenues. Channel 4 says this will underpin the organisation’s commercial self-sufficiency and its reach – ensuring Channel […]
Amidst the chaos of the pandemic, innovative start-up baggl.com has pledged £1 million worth of its barter trade credits to help support other SMEs during the latest national lockdown and beyond, with match-funded TV advertising grants with a value of £3,500 per applicant. The initiative is being supported by AdSmart from Sky, as well as […]
Amazon Prime Video and Amazon Studios have announced a €1 million commitment to support the Italian entertainment industry through the pandemic. The donation is being made to the emergency Covid-19 fund, Scena Unita, created by a group of Italian artists and celebrities, with the support of Amazon Prime Video as main donor. The fund is […]