Cloud video specialist Vidmind has capitalised on the investment of $30 million from Russian retail group Trellas, by going live through digital TV platform TVzor. TVzor is using the Vidmind cloud-based, hybrid OTT/DTT platform as the foundation for a new ‘primary’ TV service in Russia. Trellas says it is also committed to a follow-on investment […]
Ruth Vitale, Executive Director of industry body CreativeFuture, has rounded on file-sharing technology company BitTorrent, questioning its sincerity in proposing that its users help finance new content and gain viewing rights, suggesting it has thus far failed to create a workable business model. Writing in the Creative Future Blog, Vitale asks: “How does BitTorrent, Inc. […]
French broadcast regulator the Conseil supérieur de l’audiovisuel (CSA) has rejected applications from three channels to migrate from pay-TV channels on France’s digital terrestrial TV platform to become free-to-air . The three channels – LCI, Paris Première and Planète + – had sought to change their funding status under provisions that allow the CSA to […]
BSkyB has more than doubled its investment in Jaunt, a Silicon Valley-based firm developing 360-degree virtual reality cinema. The $400,000 equity investment follows a $350,000 equity investment made by Sky during an earlier round of funding in December 2013. “These investments provide Sky with additional insight into developments within the field,” the company said in […]
UK on demand TV service YouView says it is demonstrating further momentum and ambition following the completion of its shareholder agreement. The agreement guarantees five years of funding by all seven shareholders including BT and TalkTalk (which gives YouView scale in the UK broadband market), the BBC, ITV, Channel 4, Channel 5 and Arqiva. The […]
BBC News has outlined plans to save £48 million a year across the BBC News Group by 2016/17, along with proposals to restructure the division and to invest in digital transformation and original journalism. The savings will complete the Delivering Quality First (DQF) programme for BBC News. DQF was initiated after a licence fee settlement […]
Spectral Edge has announced the completion of a £300K financing round led by the Iceni Seedcorn Fund and the Rainbow Seed Fund managed by Midven. Spectral Edge was founded in 2012 as a spin-out from the University of East Anglia to exploit novel image fusion technology developed by Professor Finlayson’s ‘Colour Lab’. Image fusion […]
Newstag, a Swedish-based crowd-curated video news service, has secured $1.3 million of seed funding. A group of private and institutional investors have backed the media start-up to develop its innovative approach to news sharing through social media. Newstag will bring together video news stories from content producers around the world, including AP and Reuters, as […]
The UK’s Creative Industries have come together in their largest-ever collaboration, and successfully levered public investment to match their own contribution to support skills and talent development and ensure their continuous growth and global competitiveness. This investment is the successful result of a bid to the second round of the Employer Ownership Pilot (EOP2), which […]
Speaking at the ‘Future of the Licence Fee’ seminar at City University in London, Tony Hall, Director-General of the BBC, has outlined plans for the Corporation to adopt a mantra of ‘compete or compare’, including raising the possibility of major changes to BBC in-house production. He also announced a desire to extend competition where it […]