Discovery Communications has agreed to make a minority investment of $100 million (€90.6m) and enter into a strategic partnership with Group Nine Media – a new media holding company consisting of Thrillist Media Group, NowThis Media, The Dodo and Discovery’s digital network Seeker (along with its production studio SourceFed Studios). Axel Springer will maintain its […]
Start-up OTT television streaming service Pluto TV has raised $30 million (€22.7m) from investors including ProSiebenSat.1 and Scripps Networks Interactive to fund a European expansion. Other participants in the Series B round include Sallfort PrivatBank and existing investors US Venture Partners, Sky, Luminari Capital, Chicago Ventures, and Thirdwave Capital Partners. The new funding gives Pluto […]
Sky has invested $2 million (€1.8m) in Caavo, a US-based consumer electronics start-up, in the latest of a series of investments in innovative, early-stage companies. Caavo was founded in 2015 by Andrew Einaudi, Ashish Aggarwal, Vinod Gopinath and Blake Krikorian with a vision to improve dramatically the in-home entertainment experience for consumers, by offering easy-to-use […]
Emerald Media, a Pan-Asian platform established by global investment firm KKR for investing in the media and entertainment sector, has acquired a significant minority stake in YuppTV for $50 million (€44.9m). YuppTV is an OTT video platforms for South Asian content offering live TV, catch-up TV and movies on-demand in 14 languages across the globe. […]
The Mayor of London, Sadiq Khan, and Leader of Barking and Dagenham Council, Cllr Darren Rodwell, are exploring plans to build what could be the capital’s largest film studios, based in Dagenham. The Mayor has teamed up with Film London, the London Local Enterprise Panel and the London Borough of Barking and Dagenham to commission […]
Next-Generation Streaming Video Network Tout, has announced the closing of an over-subscribed $26 million (€23.1m) Series-C financing led by the Melohn Group in New York, and including new investors Terry Semel’s Windsor Media, Pittco Capital Partners and HL Capital who were joined by existing investors Seavest Capital, 819 Capital, and the WWE. Tout now powers […]
Live streaming TV platform TVPlayer has completed a £5 million (€5.75m) investment round led by global media content company A+E Networks. TVPlayer is a freemium over-the-top TV service in the UK which offers all of the country’s major free to air channels, as well as a pay-TV bundle of 30+ premium channels for £4.99 per […]
4C, a global player in data science and media technology, has announced the completion of $26 million (€23.3m) in Series C financing. The funding will strengthen the company’s global presence and meet the growing demand for its data science and multi-screen software-as-a-service (SaaS) offering. The investment was led by Kayne Partners, the growth private equity […]
Sky has invested £1.55 million (€1.80m) in Ginx TV, the owner of the UK and Ireland’s only 24-hour eSports TV channel, GINX eSports TV. UK commercial broadcaster ITV will invest an equal amount, and both companies will have the option to acquire further holdings. The investment follows the launch of the channel on the Sky […]
UK Culture Secretary Karen Bradley has confirmed the reforms to the BBC that will require the organisation to be more open and transparent about its operations while making sure the public broadcaster continues to thrive in the future. The draft Royal Charter and the accompanying Framework Agreement set out the details of how the BBC […]