Cleeng, the Dutch specialist in video e-commerce for sports and entertainment companies, has raised €1,100,000 in a Series A round led by Pascal Cagni (General Manager and Vice President Apple EMEIA 2000-2012), bringing Cleeng’s total venture funding to €1.5 million to date. The funding round will support Cleeng’s international growth and further product development for […]
The West Midlands’ new television station, Big Centre TV, has received backing from a Canadian media company. Saskatchewan-based Trek 2000 has invested in Big Centre TV as the company looks to expand its interests into the UK’s burgeoning local TV market. The Trek 2000 Corporation was created by Canadian entrepreneurs Gordon and Maureen Haddock in […]
Southeast Asian VoD streaming service iflix has agreed a $30 million round of funding with international investment firm Catcha Group and Philippine Long Distance Telephone Company (PLDT), Philippines’ leading telco. According to a company statement, the fund will be used to launch iflix to key Southeast Asian markets such as Malaysia, Thailand, Philippines, Indonesia, and […]
The BBC is set to feature product placement on its global news channel for the first time as it seeks new ways to fund its global news operations. BBC World News will feature product placement on programmes such as technology, sport and travel documentaries, but not on its core news and current affairs output.
Australia’s NewSat plan for a new satellite (Jabiro-1) has been in trouble for some time over funding the build and launch of the proposed satellite. Now one of its major backers has pulled back placing the project for Australia’s first independent and locally-owned satellite in jeopardy. The project has already missed some key funding dates, […]
It seems there are problems ahead for Europe’s planned Ariane-6 rocket, and its development costs. Trade mag Space News is saying that there is a near-€1 billion gap between the ‘contract’ that the European Space Agency has in place with the rocket’s builders Airbus-Safran Launchers. Ariane-6 is on a ‘fast track’ design and build programme […]
Innovid, a player in cross-channel advanced video, has announced that Cisco Investments has become a new investor in the company in order to help realise that vision. Additionally, all original investors, including Genesis Partners, Sequoia Capital, and T-Venture, participated in the raise of $10 million. Innovid will use the infusion of capital to further its […]
Huawei, the privately held Chinese group, has boosted its R&D funding by almost one-third in 2014 as China’s 4G revolution marched on. The company has increased spending 29 per cent year-on-year to $6.6 billion, while revenues rose 20.6 per cent to $46.5 billion. Ken Hu, who shares the post of chief executive, said that in […]
Export Development Canada is financing €140 million towards the overall costs of building Amazonas-5. Amazonas-5 is being built for Madrid-based satellite operator Hispasat by Canadian satellite-builder MacDonald, Dettweiler & Assoc (MDA). MDA owns Space Systems/Loral. This is the fourth SSL-supplied satellite for Hispasat. The order was placed with SS/L back in December 2014 and is […]
Quickplay, the global player in powering premium video to any device, has secured C$57 million (€41.5m) in growth capital from private equity owner Madison Dearborn Partners, financing partner Orix Ventures and Difference Capital Financial. With more than C$150 million of total investment since the company’s inception in 2003, Quickplay now claims to be the largest […]