Virgin Media O2 is reportedly seeking outside investors to help fund its £5 billion (€4.5bn) newly created network company to challenge market leader BT Group, according to a Bloomberg report. Virgin Media O2, jointly owned by Liberty Global and Telefónica, is working with advisers to raise at least £1 billion by selling a minority stake […]

Immersive entertainment specialist Layered Reality has secured an investment deal worth £1.75 million with Channel 4’s consumer investment arm, Channel 4 Ventures. The media for equity deal enables Layered Reality’s immersive experiences to reach a TV audience for the first time. Over the course of a year, The Gunpowder Plot, Jeff Wayne’s The War of […]

Liberty Media has revealed plans to sell F1 shares worth $825 million (€742m) in order to ‘partially fund’ its planned acquisition of MotoGP. In April 2024, Liberty agreed to acquire 86 per cent of MotoGP commercial rights holder Dorna Sports, valuing the sport at $4.2 billion. ”The acquisition is expected to be completed by year-end […]

Project Kuiper, Amazon’s low Earth orbit satellite broadband network, is expanding its footprint at Kennedy Space Center in Florida as it prepares for a full-scale deployment of its satellite constellation. In 2024, Project Kuiper broke ground on a $120 million (€108m) satellite processing facility, and now the team is investing another $19.5 million to expand […]

Hundreds of thousands of rural homes and businesses struggling to fulfil basic online tasks due to outdated broadband infrastructure will receive major Internet speed upgrades, as the UK Government fixes the digital divide and powers up all regions of Britain. Up to £800 million (€936m) in government investment will be made available to modernise broadband […]

US-based Filmustage, an AI platform that enhances the film pre-production phase, has announced a $1.5 million (€1.37m) seed funding round led by UK-based VC fund Raw Ventures with US-based Geek Ventures among other investors. Filmustage reduces the time and effort required for manual breakdowns by 90 per cent, allowing production teams to operate more efficiently. […]

Boca Raton-based satellite builder Terran Orbital is looking to issue additional shares in the company worth a maximum total of $98 million (€90.3m). Terran is limited as to what it can raise by issuing new shares. Terran Orbital has Lockheed Martin (LM) as a major shareholder. LM and certain other shareholders have undertakings from Orbital […]

The UK Space Agency used the Farnborough Air Show to announce awards totalling more than £33 million (€39.2m) to 20 UK space innovation projects. Former British astronaut Tim Peake was on hand to help out, saying: “So many exciting, innovative companies represented, doing amazing things in the space industry for the benefit of people on […]

Students in the Film and TV Department in the Wits School of Arts (WSOA) are to benefit from a Netflix Creative Equity grant from the streaming platform. The Netflix grant will be used to develop creative digital infrastructure in the Department at Wits University and will provide students with state-of-the-art equipment in their learning and […]

Gcore, the edge AI, cloud, network and security solutions provider, has secured $60 million (€55.1m) in Series A funding from institutional and strategic investors. Led by Wargaming, and with participation from Constructor Capital and Han River (HRZ), this marks the company’s first external capital raise since its inception more than 10 years ago. The funds […]