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Elemental raises $13m

Elemental Technologies, a supplier of video solutions for multiscreen content delivery, has raised $13 million in third round funding led by new investor Norwest Venture Partners which joins existing backers…

Dos Santos raises Zon Multimedia stake

Zon Multimedia shares rose as much as 1.3 per cent after shareholder Isabel dos Santos increased her stake in Portugal’s biggest cable-television provider to 14.9 per cent. Dos Santos agreed…

27 UK cities seeking ultrafast broadband cash

Twenty seven cities throughout the UK are in the running to become ‘super-connected’, Culture Secretary Jeremy Hunt has announced. The cities are able to bid for a share of a…

Technicolor plans €158m funds raising

Technicolor, the French cinema production services provider and manufacturer of television STBs, plans to launch a capital increase of up to €158 million to strengthen its balance sheet and enhance…

Flingo receives investments from entrepreneurs

Flingo, the largest publisher of Smart TV apps, has received funding from entrepreneur Mark Cuban, founder of Broadcast.com, chairman of HDNet, and owner of the Dallas Mavericks, Landmark Theatres, and…

BBC expecting £140m surplus

The BBC is expecting an operating surplus of £140 million (€171m) for its latest financial year to the end of March 2012, which it will use for any unexpected overspends…

Simulmedia raises another $6m

Simulmedia the TV ad targeting firm has tapped investors for a third round funding of $6 million. The New York company has raised money from Avalon Ventures, Union Square Ventures…

BBC to hand back £300m DSO funds

BBC to hand back £300m DSO funds

The BBC will return nearly half the £600 million (€734m) fund it was given to help the elderly and disabled convert from analogue to digital TV after the switch proved…

Technicolor seeks STB partner

French media and entertainment technology specialist Technicolor hopes to find a partner for its loss-making set-top box business this year and is in talks with several parties, its chief executive…

India’s Reliance puts extra $200m into Dreamworks

Indian telco and broadcasting giant Reliance is promising another US$200 million in Steven Spielberg’s DreamWorks studio. Reliance invested $325 million back in 2009. The cash helped finance movies such as…