Nigeria’s Communications Commission says the overall sum to be invested into the nation’s broadband infrastructure will top Naira 265 billion (about €65.7 billion). The Commission will put N65 billion into 6 private companies under public/private partnership deals, said Umar Danbatta, the CEO of the Nigerian Communications Commission. The aim is to boost connectivity for the […]
The BBC has unveiled a new package of support for small and emerging indies (with turnovers of less than £10 million per annum) designed to help boost the strength of UK production in the context of global competition and producer consolidation. The initiatives will have a strong focus on diverse and out-of-London producers. The BBC […]
A YouGov poll for The Times suggests that half of Britons support a commercial model for the BBC and would like the broadcaster to make its money through advertisements or subscriptions. According to the poll, just one in four favour the current compulsory licence fee system as the way to fund the BBC. During the […]
France Télévisions has confirmed it will dedicate an additional budget of €24 million to accelerate its digital development, bringing its investment total to €144 million in 2020. The funds will serve to strengthen the quality and content of the group’s VoD and news platforms france.tv and franceinfo.fr, as well as complete the 2020 full digital […]
Spanish media group Secuoya and publishing house Planeta have joined forces to turn Madrid Content City, the audiovisual facilities that host Netflix, into one of the biggest European production hubs. Over the next two years they will invest €120 million to expand the hub, located on the outskirts of Madrid with a current operating area […]
Kacific Broadband will see its ‘condominium’ satellite launched next week on December 16th by a SpaceX Falcon 9 rocket, subject to weather. The ‘condomium’ term refers to a satellite that is a single unit but owned by two organisations. Kacific’s satellite partner is Japan’s JSAT/SkyPerfect for its JCSAT-18 craft. Kacific has also closed a $160 […]
Media asset management software provider IPV has confirmed details of new growth capital that will enable it to further expand the global reach of its acclaimed MAM product, Curator. The £4 million (€4.75m) Series A round was led by SME-focused venture capital firm Mobeus Equity Partners, with additional ongoing finance secured from Calculus Capital. Mark […]
The Luxembourg government is launching a dedicated fund to invest in high financial return projects linked to the satellite and space sector. Luxembourg-based satellite operator SES will invest in the fund starting in 2022 and will provide up to €7 million annually into the concept. “The fund SES will be contributing to starting from 2022 […]
Sky is to invest in building a new 32-acre, state-of-the-art TV and film studio at Elstree, just north of London, home to the world-renowned Elstree Studios. The proposed development represents a significant new investment in the UK and European creative economy and will be made with the backing of Sky’s new owner Comcast and in […]
Frame.io, a video review and collaboration platform used by over one million filmmakers and media professionals, has raised a $50 million (€45.4m) Series C round to help support its next big push into cloud-enabled motion picture workflows. Frame.io said it will also use this round of financing to continue its deep investment into airtight security, […]