Australia’s Minister for Regional Services Senator Bridget McKenzie has announced A$10 million in additional funding to secure the Viewer Access Satellite Television Service (VAST) for regional Australians until 2021. VAST provides commercial and national television services free-to-air to around 500,000 Australian viewers in regional Australia, including 30,000 travellers. “Many Australians living in our regions rely […]
Accedo, the video experience specialist, has raised $17 million in equity to further drive its growth over the coming years. This round of financing was led by SEB Private Equity, a Stockholm based private equity team and already a substantial investor in Accedo. Accedo was founded in 2004 by Michael Lantz and Fredrik Andersson with […]
OneWeb, which wants to place at least 600 satellites into orbit and supply the planet with broadband service, has denied it wants Russia to take a stake in the business. Reuters reported the original story that the would-be satellite operator wanted to bring Russia into its scheme. Reuters said that that discussions with Russian prime […]
UK entertainment retailer HMV has entered administration for the second time in six years. A Statement from HMV’s owner Hilco Capital said the HMV Board had resolved to appoint Administrators from KPMG to the business following extremely weak Christmas footfall and a further deterioration in the UK market for CDs and DVDs. HMV’s 125 stores […]
London-based investment house Zegona Communications is not proceeding with its partial tender offer to acquire up to a maximum of 14.9 per cent of the outstanding share capital of Spanish convergent operator Euskaltel at a price of €7.75 per share, citing a deterioration in equity market conditions since announcing its intention on October 19th. Since […]
A growing consortium of Hollywood and International entertainment companies have formed the Blockchain Global Entertainment Alliance (BGEA) with the goal to promote blockchain technology adoption for the entertainment industry and develop common standards and best practices in the entertainment blockchain movement. The BGEA is a non-profit alliance designed to educate all forms of entertainment companies […]
SpaceX has raised a reported $500 million in fresh funding. One portion of the cash injection comes from Scotland-based investment management firm Baillie Gifford. Baillie Gifford is also the largest investor (7 per cent, and worth some $4.6 billion) in Musk’s Tesla electric car business. The fresh cash places a market value on SpaceX of […]
Mobile and broadband coverage are improving in the UK, but too many rural areas still get a poor signal – according to Ofcom’s major study of the UK’s communications networks. Ofcom’s annual Connected Nations report shows that mobile coverage continues to increase. Almost all homes and offices can get a good, indoor 4G signal from […]
The BBC Board has published a review into its own commercial subsidiaries. The review by EY has found that the BBC’s three wholly-owned commercial businesses – BBC Studios, BBC Studioworks and BBC Global News – exhibit commercial efficiency in line with their peer groups and the wider market, fit with the BBC’s mission and public […]
The BBC’s E20 programme, to replace and enlarge the external set of long-running soap opera EastEnders and improve various infrastructure at BBC Elstree Centre is now forecast to cost £27 million more, and take an additional two and a half years to complete, compared to its plans in October 2015, according to a report from […]