YOU On Demand the first national VoD platform in China, has announced that C Media Limited, a China-based mobile video service provider, has raised its strategic investment in YOU On Demand, increasing its present stake to $6 million with a $2 million Convertible Bridge Note financing. The Bridge Note would convert to Preferred Stock upon […]
Reports from Nigeria suggest that Chinese-backed StarTimes Group might be facing a funding crisis. Despite enjoying fast expansion over the past few years, the report in Lagos newspaper PM Times, states that StarTimes is being hindered in its TV expansion plans for Africa. StarTimes describes the stories as “baseless”. StarTimes already has operations in more […]
Shareholders in YouView may be called on to inject millions of pounds each into the venture as part of the group’s next partnership agreement, reports the FT. It is particularly sensitive for the BBC and C4 which will want to scrutinise the costs of the platform, which other shareholders like BT and TalkTalk use as […]
An Irish technology expert has used his quest for better bandwidth to develop bonding router technology which splits Internet traffic across all available Internet connections, giving users the speed and reliability of all combined. So-called ‘multipath’ technology – initially aimed at business applications – aggregates Internet connections, adding their speed and reliability. The router can […]
Three executives behind the sports media company Perform have made investments in a company attempting to replicate their success in the music industry. LoveLive, which distributes concert videos online said on that it had raised £1.7 million (€2m) from a team of music and technology industry executives. LoveLive, whose chief executive Richard Cohen is a […]
VHX, a direct-to-fan distribution platform for premium video, has announced a $3.2 million Series A financing round led by Union Square Ventures. Participating are existing investors Lerer Ventures, Lowercase Capital, Keith Calder, and Alexis Ohanian (Initialized), as well as new investors William Morris Endeavor, John Maloney (Terrapin Bale), and Gunderson Dittmer. Andy Weissman of Union […]
FilmTrack, a provider of content and rights management for the film and television industry, has closed a $20 million equity investment from global growth equity investor Insight Venture Partners. FilmTrack will use the proceeds to support rapid growth as it expands the global roster of clients using FilmTrack to better manage and monetise their intellectual […]
Israel’s Space Communications (SpaceCom) which operates the Amos fleet of satellites over the Middle East and Eastern Europe, has secured a $105.5 million loan from the Export-Import Bank of the US. The cash will be used to fund the launch of SpaceCom’s Amos-6 craft, being built largely by Israel Aerospace Industries (IAI). IAI’s portion of […]
Forbidden Technologies plc, the AIM-quoted owner and developer of cloud video platform FORscene, announced that it has raised another £8.9 million (€10.6 million), before expenses, in a placing and open offer to continue developing the platform and strengthen the company’s position in the market. In June 2013, Forbidden Technologies announced a conditional Firm Placing of […]
BSkyB has acquired a $2 million convertible debt security in 1 Mainstream, a Californian based early stage technology company. “1 Mainstream has built a platform which reduces the time and financial resource required to launch streaming video applications across a range of third party devices such as tablets, smart TVs, game consoles and Internet-protocol streaming […]