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, […]
The European Space Agency is looking to set a budget of almost $2 billion (€1.7 billion) for research and development on new technologies within the satellite sector. The R&D work, if approved by European ministers at an upcoming conference on November 27th – 28th, will focus on the integration of satellites into 5G, very-high throughput […]
IntSights, the threat intelligence company focused on enabling enterprises to Defend Forward, has raised a $30 million series D to accelerate expansion of the IntSights External Threat Intelligence Suite. Qumra Capital led the round, which was joined by existing investors. IntSights has raised a total of $70 million in capital and, as part of this […]
The UK Labour party has made an election pledge to give every home and business in the UK free full-fibre broadband by 2030 – if it wins the general election. The plan would mean the re-nationalising part of BT to deliver the policy, and the introduction a tax on tech giants to help pay for […]
Philip Jansen, the chief executive of BT, has warned that real cost of the Labour opposition’s General Election pledge to roll out a full-fibre network nationwide and provide free broadband for all could be as high as £100 billion and that shareholders in BT will be forced to sell at a “deep discount” under a […]
Despite all manner of negotiations spread over some 17 months between would-be mega-satellite operator OneWeb and Intelsat, the pair never actually reached an agreement, says OneWeb in an application to a New York court. OneWeb – and its financial backer Japan’s SoftBank – is asking the court to dismiss an action started on September 10th […]
The European Investment Bank (EIB) is providing financing of up to €20 million to Bitmovin, a developer of video streaming technology. The company powers leading video streaming services – its clients include the BBC, fuboTV, Hulu Japan, RTL and iFlix. The project will allow Bitmovin to strengthen its research and development (R&D) and product development […]
The TV and film production sector is experiencing a period of phenomenal growth, driven by demand for British content from Netflix and Amazon Prime, according to data from Barclays Business Banking. The number of loans taken by SMEs to fund new TV series such as Top Boy, Sex Education and The Crown has increased by […]