YOU On Demand, the multi-platform entertainment and VoD company in China, has revealed that C Media, a mobile video service provider in China, and certain additional investors, have investe $19 million in the Company in exchange for shares of the Company’s Series E Convertible Preferred Stock. C Media’s purchase of Series E Shares represents the […]
Internet TV streaming service Aereo has closed a $34 million Series C round of financing. The new round of financing will support Aereo’s nationwide expansion and increased investments in hiring and technology. In January 2013, Aereo said that it intended to expand to 22 new US cities beyond its New York initial launch during the […]
YouView gathered more than £40 million (€47m) in funds from its shareholders in the last financial year, with staff costs increasing by almost 50 per cent as the Internet-based TV service finally launched. YouView called on £42.1 million on funds from its backers – the BBC, ITV, Channel 4, Channel 5, BT, Arqiva and TalkTalk […]
Sky has made a $350,000 equity investment in Jaunt, which it describes as “an innovative early-stage technology company” based in Palo Alto, California, which specialises in video capture and display. “This investment will provide Sky with additional insight into developments within the field,” it said in a statement. Jaunt says its technology combines computational photography, […]
iROKOtv, the Africa-based movie platform for Nigerian movies, has announced a funding round of $8 million, led by existing investor Tiger Global, with further participation from Sweden-based Kinnevik and introducing new investor to this round, US-based Rise Capital. This brings the total raised to $21 million. To-date, the capital raised by iROKOtv has been used […]
BuddyTV, the US TV website, has secured an additional $1.5 million for its release of Vibes, an app experience for its iOS7 version of BuddyTV Guide. The free app targets anyone with traditional pay-TV, broadcast, or streaming services with features that help find what to watch using a cable provider, satellite provider, or broadcast TV. […]
Paris-based satellite operator Eutelsat will start meeting with potential lenders on December 4th for its planned borrowing of around €1 billion in financing for its purchase of Mexico’s SatMex satellite operating company. Eutelsat is using its Eutelsat SA holding company to secure the loan and says it has mandated Banca IMI, Crédit Agricole CIB, Mitsubishi […]
Intelsat is reported to have increased the amount it is looking to refinance certain existing debt. It was seeking $1.75 billion for $3.2 billion-worth of debt that’s due to be repaid in 2018, and is now said to be seeking to borrow $3.1 billion. Bank of America is reportedly arraigning the new financing. Additional to […]
The Seed Advantage SEIS Fund 1 has successfully funded Video Now (VN), a new TV and film publishing and distribution business. VN will use the funds to license entertainment rights on an exclusive basis from owners of film and television programmes, making them available through download and on DVD and Blu-ray disc. The company will […]
New York based Quirky has said it has had received $79 million in an investment round led by General Electric, as well as existing VC investors Andreessen Horowitz and Kleiner Perkins Caufield & Byers. The deal builds on an existing partnership struck in April between GE, which is promoting an “industrial internet”, and Quirky, which […]