Space42, the Emirates-based SpaceTech business, has signed financing facilities worth $695.5 million (€592m), backed by Export Credit Agency guarantees to fund Space42’s two next-generation geostationary satellites Al Yah 4 and 5. The borrowings are arranged by Crédit Agricole CIB, Santander CIB, Societe Generale and Natixis and backed by Bpifrance Assurance Export. The satellites are set […]

South Africa’s public broadcaster SABC is asking the nation’s government to alter how the broadcasting TV Licence is structured. In essence, it wants to absorb the VAT element, and keeping the 15 per cent for itself, and not handing over the sum to the nation’s treasury. SABC is cash-strapped. Speaking in Parliament SABC CEO Nomsa […]

The BBC has published its Commissioning Report 2024/25, revealing a year of strong investment in UK content and outputs of its commissioning strategy across the UK. Over the past year, the BBC invested more than £1.6 billion in original UK television content, commissioning over 300 production companies across the country. In Radio, it commissioned 245 […]

New data from digital infrastructure specialist Cluttons has revealed that only around one in three MPs are confident that the government will hit its 2030 digital connectivity targets. The Government has identified digital infrastructure as essential for economic growth and productivity. However, separate data shows that when it comes to mobile download speeds, the UK […]

Responding to Ofcom’s review of Public Service Media, Sarah Rose, President of UK commercial PSB Channel 5, said: “We are pleased that Ofcom’s review highlighted the challenges producing specialist Children’s content and called for commercially viable funding models among its recommendations. Channel 5’s Milkshake! continues to navigate those challenges to remain the only public service […]

Both US legislative Houses (Representatives and Congress) have confirmed the ending of federal funding for National Public Radio (NPR) and Public Broadcasting (PBS). The end of funding for the Corporation for Public Broadcasting is effective immediately following Donald Trump’s signing of the Bill. The decision ends about $1.1 billion (€946m) of funding to support these […]

Rivada Space Networks is a busy enthusiast for its ‘OuterNET’ satellite-based super-secure mega constellation. Company executives are regular speakers on the conference circuit. The problems that are never discussed are the project’s funding which is not yet in place, or contracts with a builder of its 600-craft fleet. The position has been exacerbated by a […]

Veloce Media Group, a platform operating at the intersection of sport, gaming and digital media, has announced a strategic investment from SEGG Media Corporation. The transaction values Veloce at £40 million (€46m) pre-money and marks a step forward in the Group’s international expansion and growth strategy. The partnership will be managed by Sports.com, a division […]

Alphabet, the parent company of Google, Waymo self-driving cars and dozens of other subsidiaries, is further investing in would-be satellite direct-to-consumer cellular activity AST SpaceMobile. Google is already a strategic investor in AST SpaceMobile, having participated in a $155 million (€132.6m) investment round alongside AT&T and Vodafone in January 2024. The investment supported AST SpaceMobile’s […]

Moonvalley, the AI research company building foundational AI video models and tools trained exclusively on licensed content, has raised $84 million (€71.8m) in additional funding led by existing investor General Catalyst. The round includes strategic investments from entertainment and sports agency Creative Artists Agency (CAA), AI cloud CoreWeave, and Comcast Ventures. Existing investors Khosla Ventures […]