Coinciding with publication of the Corporation’s Annual Report and Accounts 2014-15, BBC Director General Tony Hall has issued a strong defence of its role in society, its creativity and its independence. He also dismissed calls for BBC Worldwide, its commercial arm, to be removed from the BBC, suggesting it is “an integral part of the […]
In a move to strengthen its position in online video marketing and advertising content, marketing platform for distributing premium branded video AnyClip Media has confirmed the completion of raising $21 million (€19m). Leading participants included new investors Ervington Investments, representing the interests of Russian businessman Roman Abramovich, and global digital content delivery specialist Limelight Networks. […]
BBC Worldwide, the Corporation’s commercial arm, has published its 2014/15 Annual Review, announcing stable headline results, record returns to the BBC and continuing investment and transformation plans for the business. Results are significantly impacted by the deal struck in October 2014 to form an equity partnership with AMC Networks for BBC AMERICA, making the channel, […]
A panel of experts from across a range of industries have been appointed by Culture Secretary John Whittingdale to support the BBC Charter Review process. The advisory group will play an important role in the government’s plans to deliver a transparent, open and democratic Charter Review. Its remit will be to provide expertise, innovation and […]
Following Government confirmation that the BBC has agreed to take on responsibility for funding the over-75s licence fee concession, further details have been published following the presentation of Chancellor of the Exchequer George Osbourne’s Budget. Treasury estimates suggest a benefit to the Exchequer of £200 million from 2018-19, rising to £745 million This will be […]
Whipclip, the mobile platform that allows consumers legally to create and share their own video clips of television shows and music videos, has raised more than $40 million in the initial closing of its Series C financing led by Eminence Capital, LP, a $6.4 billion asset management firm. Additional participants include existing investors Institutional Venture […]
Spain’s Supreme Court has closed the file on the possible shutdown of eight DTT channels, a few weeks after broadcasters reached a deal with broadcast services company Infraestructuras y Gestión 2002 to withdraw the case. The private TV stations agreed to pay around €20 million to the company to prevent the closures. Now with the […]
Following weekend reports that the BBC was set to take on the cost of providing free television licences for over-75s and subsequent confirmation in the House of Commons by Culture Secretary John Whittingdale, the Government has revealed further details of the agreement, Having inherited a challenging fiscal position, the Government says it is pleased that […]
Culture Secretary John Whittingdale, speaking in parliament July 6th, has confirmed that the BBC will take on the cost of providing free TV licences for over-75s. This will be phased in from 2018-19 with the BBC taking on the full cost from 2020-21. He also confirmed that the government will introduce legislation to enable the […]
China’s Star Times Group is suing the Government of Ghana for $200 million over a cancelled – and allegedly – wrongfully terminated contract. The agreement covered the building and establishing the nation’s Digital TV system. The action will be heard at London’s International Commercial Court. The contract was awarded back in April 2012, and the […]