Elemental Technologies, a supplier of video solutions for multiscreen content delivery, has raised $13 million in third round funding led by new investor Norwest Venture Partners which joins existing backers General Catalyst, Voyager Capital and Steamboat Ventures, who also participated in the round. The new funding comes as Elemental invests aggressively to extend its leadership […]
Zon Multimedia shares rose as much as 1.3 per cent after shareholder Isabel dos Santos increased her stake in Portugal’s biggest cable-television provider to 14.9 per cent. Dos Santos agreed to buy 4.9 per cent of the Zon through her Amsterdam-based holding company Jadeium, adding to the 10 per cent stake she already controlled through […]
Twenty seven cities throughout the UK are in the running to become ‘super-connected’, Culture Secretary Jeremy Hunt has announced. The cities are able to bid for a share of a £50 million pot to help them roll out ultrafast-broadband, driving growth and attracting new investment. In the Budget, the Chancellor George Osborne announced the new […]
Technicolor, the French cinema production services provider and manufacturer of television STBs, plans to launch a capital increase of up to €158 million to strengthen its balance sheet and enhance its capabilities to implement its “Amplify 2015” strategic roadmap. The planned capital increase, which is subject to shareholder approval, will also contribute to stabilizing Technicolor’s […]
Flingo, the largest publisher of Smart TV apps, has received funding from entrepreneur Mark Cuban, founder of Broadcast.com, chairman of HDNet, and owner of the Dallas Mavericks, Landmark Theatres, and Magnolia Pictures. Cuban and Gary Lauder, managing director of Lauder Partners LLC, lead the additional investment to bring Flingo’s Series A funding total to $8 […]
The BBC is expecting an operating surplus of £140 million (€171m) for its latest financial year to the end of March 2012, which it will use for any unexpected overspends in its Queen’s jubilee and Olympics coverage. According to leaked figures in The Guardian, the BBC’s operations have delivered the £140 million surplus in the […]
Simulmedia the TV ad targeting firm has tapped investors for a third round funding of $6 million. The New York company has raised money from Avalon Ventures, Union Square Ventures and Time Warner Investments. Simulmedia aims to bring like targeting to the TV ad market by using set-top box data to identify shows that advertisers […]
The BBC will return nearly half the £600 million (€734m) fund it was given to help the elderly and disabled convert from analogue to digital TV after the switch proved more straightforward than many people had feared. A total of £603 million was allocated out of licence fee revenues to help the over-75s, the blind […]
French media and entertainment technology specialist Technicolor hopes to find a partner for its loss-making set-top box business this year and is in talks with several parties, its chief executive Frederic Rose told Reuters. The company is also seeking to dispose of its French set-top box (STB) factory – where a planned production shutdown threatens […]
Indian telco and broadcasting giant Reliance is promising another US$200 million in Steven Spielberg’s DreamWorks studio. Reliance invested $325 million back in 2009. The cash helped finance movies such as War Horse and The Help, both of which were critically well received, but failed to dominate the box office. The new cash injection permits DreamWorks […]