BBC Wales, BBC Network, and Creative Wales have partnered to fund the development of a major new factual entertainment series. Production companies with a substantive base in Wales are invited to pitch ideas that celebrate Welsh creativity while delivering entertainment to audiences across the UK. The BBC is looking for a returnable format, that unites […]

DAZN losses fell to $936 million (€804.5m) in 2024, down from $1.4 billion the year before. The sports streaming platform posted saw revenues increase by $323 million to $3.2 billion in 2024. CEO Shay Segev told the FT that the group was on course to be profitable for the first time in 2026 and had […]

Lisa Nandy, the Culture Secretary, has indicated that Labour is considering a ‘mixed funding’ model for the BBC as the government looks for ways to replace the unpopular licence fee. Speaking during a fringe event at the Labour Party conference in Liverpool, Nandy said she was looking at a “whole range of options” to replace […]

4iG Space and Defence (4iG SDT), under the newly signed non-binding commitment letter with Axiom Space, has confirmed its intention to participate as a strategic investor in Axiom Space’s capital increase. The contemplated $100 million capital increase could provide 4iG SDT with an equity stake in the company. The current agreement also covers potential participation […]

AccelerComm, a provider of flight-proven 5G technology for satellite networks, and Radisys Corporation, a specialist in open telecom solutions, have announced that a joint project to support the development of the next generation of Non-Terrestrial Networks has been funded through the UK Space Agency’s International Bilateral Fund (IBF). This project will tighten the integration of […]

US President Donald Trump has announced that all foreign-made movies will face a 100 per cent tariff, contending that the industry has been “stolen from the United States”. Posting on his Truth Social platform, Trump said: “Our movie making business has been stolen from the United States of America, by other Countries, just like stealing […]

Vibe.co, the ad platform bringing hyper-targeting to connected TV (CTV) for performance marketers, has closed $50 million (€42.6m) in Series B financing led by Hedosophia, an early investor of Spotify, Uber and Airbnb. The financing also includes participation from previous backers including Elaia and Singular; in addition to Revolut CEO Nik Storonsky’s fund QuantumLight; Supercell […]

Carlos Slim, the billionaire Mexican owner of América Móvil, is reportedly investing more cash in AST SpaceMobile. Slim is already an investor in AST and his daughter sits on AST’s board of directors. The total amount involved is said to be an overall $22 billion (€18.6bn) spread over a period of time although some of […]

Arcade, the management company behind the social media personalities The Sidemen, has announced a seven-figure strategic investment from talent- and IP-led group Lumina Media to accelerate its expansion across EMEA. Founded in 2021 by Jordan Schwarzenberger, Sam Uwins and Aaron O’Neill, Arcade has set its sights on becoming a prevalent creator-first platform that offers creative […]

Nvidia has announced an investment of £2 billion (€2.3bn) in the UK market to “catalyse the nation’s AI startup ecosystem and scale the next generation of globally transformative AI businesses”. Nvidia said the new capital will be used to foster economic growth, develop more innovative AI technologies, create new companies and jobs, and empower the […]