Dial Square 86 Limited, the holding company for The RightsXchange Limited (TRX), has confirmed that pay-TV broadcaster Sky and UK public service broadcaster Channel 4’s Indie Growth Fund have invested in the company’s latest financing round, which will raise up to £5.2 million (€6.03m) for TRX. TRX is a new global online deal-making tool that […]
Video technology provider Kaltura has secured a $50 million (€45.1m) pre-IPO funding from Goldman Sachs’ Private Capital Investing group. Kaltura will use the additional capital to extend its footprint across all six continents, and to further its positioning as the ‘Everything Video’ company – providing leading video products for an unprecedented array of markets and […]
The Spanish Competition Authority CNMC has urged the government to review the financial model of public broadcaster RTVE in order to guarantee its stability. In a report, the watchdog body concluded that the financial model approved back in 2009 to regulate RTVE is not efficient enough and has given rise to financial insecurity. Under that […]
Time Warner is to become a 10 per cent owner of premium streaming TV service Hulu. Time Warner joins The Walt Disney Company, 21st Century Fox, and Comcast in the joint venture. Reports emerged mid-November 2015 that Hulu was seeking to sell a stake to Time Warner as part of a deal that would value the company at […]
A number of headlines today advise that BT has dodged a bullet as Ofcom has not forced it to sell Openreach. The market agrees, and BT shares picked up 3 per cent on the news. Meanwhile, shares in UK plc sunk further than ever as the bullet BT dodged further wounded the country’s already bleeding […]
Hughes Satellite Systems, a subsidiary of EchoStar Corp, is looking to raise up to $1 billion by issuing senior secured notes. Hughes says the net proceeds of the exercise will be used for capital expenditure, and working capital. Hughes has had a complex series of ownerships. Back in 1987 it was owned by Hughes Aircraft, […]
Pokémon Go isn’t the only breakout Augmented/Virtual Reality (AR/VR) success this year. Early stage VCs and corporates invested a record $2 billion (€1.8bn) into AR/VR startups in the last 12 months, despite the market still being in its earliest stages. As the fourth wave of platform change (after PC, online and mobile) kicked off this […]
The availability of fast fixed and mobile next generation networks has significantly changed video consumption habits in Europe, driving mobile video, on-demand video and multi-screen viewing, according to insight from Pyramid Research The company’s report states
The UK government has awarded 5 businesses with feasibility study contracts, worth in total £1.5 million, (€1.8m) to a group of industrial operations in order to evaluate the practicality of mounting orbital or sub-orbital ‘rocket flights’ from the UK. The five teams are: – Airbus-Safran Launchers, which as well as looking after the giant Ariane […]
Accedo, the video experience pioneer, has partnered with SEB Private Equity, a Stockholm based private and growth equity fund, to accelerate its growth and further position itself as a Video Experience pioneer. The transaction allows early investors of Accedo, including Industrifonden and Acacia, to exit as part of their investment strategy, and adds a total […]