Channel 4 has made its fourth deal from its Commercial Growth Fund, striking an airtime-for-equity arrangement with digital magazine newsstand, Readly. As part of the new seven-figure partnership, Readly will be able to launch its first ever TV advertising campaign in return for the broadcaster taking a minority equity stake in the all-you-can-read digital newsstand […]
India’s Prime Minister Narendra Modi-led NDA government has increased the ceiling on Foreign Direct Investment (FDI) in the media sector as part of its continuing reform exercise to attract more investment into the country and further globalisation of the sector. The government has increased the FDI limit to 100 per cent in the broadcast distribution […]
Finland’s government is freezing public broadcaster YLE’s annual revenues. The government blames the economic situation. The government says that YLE should also be saving money by buying in more foreign – and thus cheaper – programming. It also says that YLE should become a customer of Finnish domestic news agency Suomen Tietotoimisto. The government is […]
Irish adults are considering scrapping their TV licences as online TV viewing increases, Pure Telecom has found. The telco commissioned a survey that revealed more than one-third of adults would consider ditching their TV licence in favour of solely watching internet-reliant TV and video content. The research, carried out by iReach in May 2016, surveyed […]
Sky and ITV have joined forces with videogaming TV channel specialist Ginx TV to launch the UK and Ireland’s only 24-hour eSports TV channel, GINX eSports TV, with ITV and Sky expected to take minority stakes in the business to support its growth. Aiming to bring the very best of eSports to videogaming fans, the […]
Australia-based private equity investment manager Lazard Asset Management Pacific has acquired 16.98 million shares in Eutelsat, representing a 7.30 per cent stake in the company. Lazard apparently bought its stake prior to May 24th on the open market, just days after the satellite operator’s profits warning on May 12th, and the following day’s 30 per […]
Satellite operator SES has raised €750 million by way of a “hybrid bond” at a coupon rate of 4.625 per cent. Described as of “strategic and long-term importance” for SES, the extra cash is to be added to the recent issue of fresh equity which itself generated almost €909 million. “SES intends to use the […]
Cross-platform video analytics and intelligence software provider Tubular has raised $10 million in financing led by Marker LLC, bringing its total funding to date to $31 million. Previous financing rounds were raised from FirstMark Capital, Canaan Partners, Lerer Hippeau Ventures, SV Angel, and others. “Our goal since the beginning has been to help brands and […]
Last week, satellite operator raised €900 million in order to complete the purchase of mini-satellite constellation O3b. At least one investment bank is asking why SES has moved on O3b now, and so soon after the significant profits warning from Eutelsat. “With the Eutelsat profit warning just 2 weeks ago pointing to dramatic change in […]
Satellite operator SES took barely an hour on May 27 to raise more than €900 million in equity funding in order to finance its purchase of the remaining 49.5 per cent of the O3b constellation that it does not already own. Issuing 60 million new shares (at €19 each) diluted its share price 11.43 per […]