VidMob has closed an additional $6.4 million extension to its previously announced Series A financing. The additional funding will be dedicated to growing the company’s Engineering and Data Insights teams and expanding the company’s presence with the opening of a London office. The London office will be led by UK Sales Director James Bacon who […]
Creative industries specialist, Edge Investments, has invested in a significant minority shareholding in leading OTT video distribution platform Airbeem. Airbeem’s multi-use Software as a Service (‘SaaS’) platform enables content owners to publish and monetise their video content direct to consumers by creating immersive video experiences reaching audience on all devices. Its turnkey solution for the […]
Responding to what they describe as the arrival of new international players in the drama market, in particular the SVoD market, and its disruptive effect on the European audiovisual landscape, European public service broadcasters France Télévisions, Germany’s ZDF and Italy’s RAI are taking what they say is a new era in their collaboration. In an […]
The news that Europe (collectively its Parliament, Council and European Commission) is contemplating ruling that OTT platforms such as Amazon and Netflix must face tough new ‘made in Europe’ 30 per cent quotas, is infuriating. As we reported last week, and according to Vice-President for the Digital Single Market Andrus Ansip, the new rules “reflect […]
A political agreement on the main elements of revised rules to apply to audiovisual media across Europe has been reached between the European Parliament, the Council and the European Commission that will likely see SVoD platforms such as Amazon and Netflix face a 30 per cent ‘made in Europe’ quota. The negotiations will officially conclude […]
Sharon White, Chief Executive, of UK comms regulator Ofcom, has warned incumbent telco BT to upgrade its copper network to fibre or risk fading away. Delivering closing remarks at an industry event in London on ‘Building a Full Fibre Future’, White told delegates – who included major investors, Chief Executives, a Secretary of State and […]
The European Union’s Court of Justice has ruled that the €46 million financial aid given to the DTT extension in the Spanish Region of Castilla-La Mancha was illegal and discriminatory. The Court acknowledges that the EC was right when in 2014 it initially ruled that the aids were in breach of competition by benefiting DTT […]
Israeli telco conglomerate Eurocom Group has been ordered by a Tel Aviv court to enter liquidation. The business, which includes a 57 per cent stake in satellite operator Spacecom, and telco Bezeq, will start liquidation proceedings on May 3rd, according to a ruling from Judge Eitan Orenstein. Eurocom is beset with legal problems, not least […]
Netflix has announced that it intends to offer, subject to market and other considerations, $1.5 billion worth of senior notes through an offering to qualified institutional buyers. Netflix intends to use the net proceeds from this offering for general corporate purposes, which it says may include content acquisitions, production and development, capital expenditures, investments, working […]
Formula 1 and games software specialist PlayON have become strategic partners in the fast-growing fantasy sports market. PlayON becomes the Official Daily Fantasy Partner of Formula 1 to include the integration of live Formula 1 Grands Prix via F1’s new OTT service F1 TV onto the PlayON platform in key markets. As part of the […]