WorldSpace, a would-be global pay-radio broadcaster which filed for Chapter 11 reorganisation and protection from creditors back in 2008, has finally asked the US Delaware bankruptcy court to move its case into Chapter 7, which is a full bankruptcy. A statement from WorldSpace, as part of its bankruptcy court filing, said: “The Debtors do not […]
News Corp is to buy a 19.9 per cent stake in Bona Film Group. The agreement will help the Chinese film producer and distributor reach a more global audience with its films. Meanwhile, News Corp gets a chance to play a bigger role in a fast-growing market. Bona said News Corp is acquiring the stake […]
NBCUniversal International has confirmed the acquisition of a controlling 51 per cent stake in international children’s channel, KidsCo, in partnership with existing shareholder and content supplier Corus Entertainment, who also increased its equity in the channel to 43.8 per cent. The announcement was made by Kevin MacLellan, President, International Television, NBCUniversal and Doug Murphy, President, […]
Ensequence, a specialist in interactive TV, has secured commitments for a $25,994,279 investment that will help accelerate its expansion into mobile and connected TV. This funding round was led by Myrian Capital. “This round will help Ensequence further lead the industry in enabling programmers, advertisers and service providers to transform television into a more engaging […]
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 […]