The Culture, Media and Sport Committee of the UK House of Commons has called on Chancellor Rachel Reeves to use next month’s Budget to bring forward tax relief to support the distribution and exhibition of independent British films. In a letter to Reeves, the Committee calls for the introduction of a 25 per cent  tax […]

Bulgarian aerospace company EnduroSat has raised $104 million (€89.8m) from investors, including Google Ventures, Lux Capital and the European Investment Council, as the Sofia-based company scales up production of its small and mid-sized satellites. Compact satellite makers such as EnduroSat are seeing a surge in demand as governments and companies seek secure communications and Earth […]

Nvidia and Nokia have announced a strategic partnership to add Nvidia-powered, commercial-grade AI-RAN products to Nokia’s RAN portfolio, enabling communication service providers to launch AI-native 5G-Advanced and 6G networks on Nvidia platforms. Nvidia will also invest $1 billion (€0.86bn) in Nokia at a subscription price of $6.01 per share. The investment is subject to customary […]

London-based AI creative Wonder Studios has raised $12 million (€10.3m) seed funding to scale production for the entertainment industry. The round was led by Atomico, alongside existing investors LocalGlobe and Blackbird, and builds on angel investors including execs from Google DeepMind, and OpenAI. Wonder will use the funds to double the engineering team and accelerate […]

The British Board of Film Classification (BBFC) has received a grant of £988,856 from the UK Government to develop its AI compliance tool, Mira. The UK Government’s Regulatory Innovation Office (RIO) funds regulators and local authorities to trial new and innovative regulatory approaches enabling businesses to bring innovative products to the market quicker. In October […]

AST SpaceMobile is adding to its borrowings, raising $1 billion (€0.86bn) of convertible debt, but using some of its cash to pay off $50 million of existing borrowings. The $1 billion sum is made up of $850 million in new debt, but is giving the lenders the option to increase by $150 million in their […]

Run3TV, the NEXTGEN TV application platform, has announced that NBCUniversal is joining as an investor in the ATSC 3.0 Framework Authority, which develops Run3TV for broadcasters.  This marks another milestone in the Run3TV platform’s continued expansion, as a free-to-consumer interactive television layer built to deliver new video options, games, music, and advanced alerting capabilities. NBCUniversal joins […]

NEP Group, the media services and technology partner for content producers worldwide, has announced a new $700 million (€600m) equity investment in the company led by 26North Partners LP (26North), together with a group of co-investors. Carlyle, NEP’s existing sponsor, is participating alongside 26North in the investment and will remain its largest shareholder, reaffirming Carlyle’s […]

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 […]