The Public Accounts Committee of the UK House of Commons has warned that if the collection and enforcement of the licence fee is not modernised, the BBC risks compliant fee payers questioning the fairness of the system. In a new report on the BBC’s accounts, the Public Accounts Committee (PAC) warns that the broadcaster’s mission […]
Toulouse-based Infinite Orbits, which recently struck a deal with Luxembourg-based satellite operator SES to build an in-orbit servicing satellite, has raised €40 million in fresh funding. The European Innovation Council Fund, Matterwave Ventures, Wind Capital, Balnord, IRDI Capital Investissement, and Newfund Capital participated in the cash-raising round and endorsing Infinite Orbits’ ability to secure a […]
Luma AI, the AI company building multimodal AGI, has raised $900 million (€780.7m) in Series C funding, led by Humain, a PIF company delivering global full-stack AI solutions, with significant participation from AMD Ventures, and existing investors Andreessen Horowitz, Amplify Partners and Matrix Partners. The company’s mission is to build multimodal general intelligence: AI that […]
The cash-raising move, of €828 million, was not unexpected having been agreed by shareholders at Eutelsat’s September 30th AGM. Indeed, a further €672 million has already been pre-agreed with shareholders and both as part of strengthening the operator’s capital. The French State will subscribe for €551 million, Bharti Space Limited for €30 million, the UK […]
In 2026, French PSB Group France Télévisions will have to make savings of around €150 million according to president Delphine Ernotte Cunci, speaking to business daily Les Échos, as the French government is debating 2026 funding legislation with the National Assembly. “We must eliminate the 2025 deficit and absorb the reduction in public funding projected […]
The European Broadcasting Union (EBU) and eight media freedom organisations and networks – the European Federation of Journalists (EFJ), the European Centre for Press and Media Freedom (ECPMF), the South East Europe Media Organisation (SEEMO), the International Press Institute (IPI), the Reporters without Borders (RsF), the Association of European Journalists (AEJ) and the SafeJournalists Network […]
The EBU has issued a letter to the Polish government urging it to ensure “adequate and sustainable funding” for Poland’s public service media (PSM), following reports of a proposed PLN2.5 billion (€0.59) of public funding for PSM from the state budget per year within the reform of media law – more than 30 per cent […]
Portuguese media group Impresa, which controls national commercial broadcaster SIC, has reached an agreement with Italy’s MediaForEurope (MFE) for a capital increase that will see the Italian company inject between €15 million and €40 million. This strategic move allows MFE to acquire a significant stake of just under 33.3 per cent in Impresa, thereby avoiding […]
Canada-based MDA Space is making a modest C$10 million (€6.1m) investment in Maritime Launch Services (MLS) as a precursor to becoming an equity owner and strategic partner in MLS. MDA makes satellites and key technology such as the robotic ‘Canada Arm’ used on past Space Shuttles and at the International Space Station. MLS has a […]
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 […]