Dish TV, the largest supplier of DTH pay-TV in India, is to raise $200 million through the issue of new shares or convertible bonds. The cash will be used to fund expansion and further grow the DTH business. The Subhash Chandra-backed operation, in a note to shareholders, explained that the DTH business is capital hungry, […]
Kaltura, the open source video platform, has secured an additional $25 million of funding from new investors Mitsui & Co. Global Investment and Orix Ventures, with existing investors Nexus Venture Partners, Intel Capital, .406 Ventures and Avalon Ventures participating. With a prominent position in the Americas, and growing presence in Europe, Kaltura is now also […]
Shares in Quickflix, the Australian online and movie rental service, have been placed in a trading halt after the company struggled to raise cash to fund its operation. Questions are also being raised as to the value of its subscribers. The halt will last until the opening of trade on November 15th. Earlier this month, […]
Following the move by Carl Icahn to acquire 10 per cent of its stock, Netflix has announced that its Board of Directors adopted a stockholder rights plan (the “Rights Plan” or “Plan”) and declared a dividend distribution of one right (“Right”) for each outstanding share of Netflix common stock. The Rights Plan is intended to […]
The private equity backers of Dutch cable TV and telecoms operator Ziggo have confirmed they are selling a block of shares into the market, which were worth up to €700 million on October 24th. Cinven, Warburg Pincus and other co-investors owning 57.1 per cent of Ziggo’s share capital said they were offering 25 million Ziggo […]
Tvinci, a pay-OTT platform provider, has announced that its year of sharp growth and development has been further boosted with a $4.5 million round of funding that will be invested in its OTT 2.0 Platform development and international expansion into new markets. The round was led by the company’s existing investors, Kaedan Capital and Zohar […]
Spaniards will have to foot the €300 million bill to implement the DTT migration following the Administration’s reduction of the planned financial aid of €40 million to €10 million, just 3 per cent of the total cost, citing lack of funds. Around 1.2 million antennae in the country will have to be re-adapted as the […]
Warner Music-owner Len Blavatnik has invested $130 million in subscription streaming service Deezer. Blavatnik’s Access Industries, which also holds stakes in Top Up TV and digital sports company Perform, has taken an undisclosed stake in Deezer. Deezer, which has its roots in France and counts mobile phone giant Orange as a shareholder, would only say […]
Belgium’s WeePee New Media Ventures has closed its seed financing round at €957,000. WeePee NMV has developed a platform for OTT TV. The platform is being offered as a service for international customers, enabling them to become a TV distributor. The founders of WeePee NMV are the Belgian telecom player WeePee (Joeri van Dooren, Andrew […]
Eutelsat raised €300 million in a bond due for repayment in 2022. The financing was arranged via Credit Agricole and Societe Generale. Over the past few days, Eutelsat has enjoyed some favourable analyst comment from the financial community. CitiGroup, for example, rated Eutelsat its ‘Top Pick’ in terms of European satellite players (which includes SES, […]