BBC World Service has been given a funding boost in the UK budget. The budget document said: “In 2025-26, the settlement provides an increase in funding to the BBC World Service, protecting existing foreign language service provision and its mission to deliver globally trusted media, in support of the UK’s global presence and soft power.” […]
Specialist film and TV PR consultancy Percy & Warren has revealed the findings of its pre-budget survey of UK film and television producers. Across the sector there is concern and uncertainty mixed in with a degree of hope for the future for the production industry ahead of the October 30th budget. The survey results shed […]
Community Fibre, the UK broadband provider, has signed a new finance facility provided and/or arranged by JP Morgan, Barclays, LBBW, SIMCo (Sequoia Investment Management Company) and Alpha Bank raising a total of £125 million (€150.2m), overachieving planned targets and bringing total investment in the company to £1.1 billion. The company also announced it has been EBITDA positive since […]
Disguise, the immersive experience company, has received £1.2 million (€1.4m) in funding from Innovate UK and the EU as part of a larger investment into MAX-R — an alliance of companies dedicated to advancing virtual production, extended reality, virtual reality and metaverse technologies. The MAX-R alliance — which is made up of Disguise, the BBC, […]
The next generation of indie films have been handed a major boost by the government with the introduction of a tax relief uplift, which will create jobs and drive growth by making more British hits such as Aftersun and Billy Elliot possible. The Independent Film Tax Credit (IFTC), confirmed today by the Chancellor and Culture […]
Truthset, the data validation-as-a-service offering, has secured $5 million (€4.5m) in Series A funding to accelerate its next phase of growth and adoption with the advertising industry. Data Point Capital led the round with participation from more than 20 industry insiders. “Consumer data powers a trillion-dollar industry, but historically the priority has been scale over […]
Following BBC Cymru Wales and Media Cymru’s first Content Innovation Fund in 2022 – another funding round has launched for Wales-based production companies to research, develop and commission innovation-driven content to engage audiences with the climate crisis across Wales and beyond. Nick Andrews, Head of Content Commissioning at BBC Wales, commented: “It’s terrific to be […]
OpenAI, the maker of ChatGPT, has raised $6.6 billion (€5.98bn) in its latest funding round. Funding came from the likes of new investor Nvidia, as well as returning investors Microsoft and venture capital firms Thrive Capital and Khosla Ventures. It is also reported that Altimeter Capital, Fidelity, SoftBank and Abu Dhabi’s state-backed investment firm MGX […]
Channel 4 and Lloyds have teamed up once again for the return of Black in Business. This year, four successful Black owned-businesses will each be awarded £150,000 of TV advertising on Channel 4 – up from £100,000 per winner last year. The initiative aims to identify and empower four businesses ready to scale and grow […]
Sandvine, a provider of OTT Application Classification and Quality of Experience (QoE) solutions, has been acquired by a group of US investment firms that previously were, and continue to be, lenders to the company. In connection with this change of control transaction, the lenders have agreed to reduce the company’s total outstanding debt significantly. Following […]