Tenovos, the modern data-first digital asset management (DAM) company, has raised a $10 million (€9.7m) Series B investment led by S4S Ventures, a venture capital fund backed by shareowners of S4Capital, Stanhope Capital Group, and BDMI, part of Bertelsmann’s corporate venture arm Bertelsmann Investments. Existing investors including Progress Ventures, Revel Partners and Dublin Capital took […]
The EU has given the go-ahead for an independent European Low Earth Orbiting fleet of broadband and satellite navigation craft. The name for the project is IRIS2. An EU ministerial conference approved the spend of €6 billion Internet system in order to ensure Europe’s security by reducing its reliance on foreign – that is non-European […]
SpaceX is reported to be seeking to raise around $1 billion (€0.96bn) in fresh funding in a formal offering. If successful it would value Elon Musk’s business at around $150 billion, a 20 per cent increase in SpaceX’s value. The offering would be aimed at helping employees and shareholders cash out, two of the sources […]
TVision, a company measuring TV and CTV viewer engagement, has closed an investment round of $16 million (€15.3m) for the continued transformation and modernisation of accurate, person-level panel measurement. The round was led by a strategic investment from iSpot, the real-time TV measurement company and new currency provider, along with continued support from SIG Capital, […]
French streaming service owned by TF1, M6 and France Télévisions, could be sold or shut down if no buyer is forthcoming. Launched in 2020 the streamer is an effort to give subscribers a local alternative to and other global providers. Priced at €7-13 Salto has around one million subscribers, paying between €7 and €13 per […]
The UK House of Commons Digital, Culture, Media and Sport Committee is to question BBC executives on the proposed cuts to local radio provision. The corporation announced plans at the end October 2022 for greater programme sharing among local stations, with a shift in investment away from broadcasting to digital content. Overall, the changes will result in […]
Amagi, a leading media technology provider, has announced over $100 million in investment, inclusive of $80 million in primary capital, from global growth equity firm General Atlantic. The investment brings Amagi’s valuation to $1.4 billion, representing an increase from the $1 billion valuation the company achieved in March 2022 with a $95 million investment from […]
The Federal Communications Commission asked Congress earlier in 2022 for authority to make content companies such as Netflix pay into the Universal Service Fund (USF) to help subsidise Internet access for households that can’t afford it. But the economics of Internet traffic dictate that idea would backfire by raising prices for consumers and lowering the […]
The Court of Justice of the European Union (EU) has ruled that the audiovisual tax, collected from pay-TV operators in Portugal, is not contrary to EU Law. In its judgment, the Court of Justice established that the Treaty on the Functioning of the EU (TFEU) “does not preclude national legislation which imposes a charge intended […]
The Communications and Digital Committee of the House of Lords, UK parliament’s upper legislative chamber, has published responses from the Government and BBC to its report, Licence to change: BBC future funding. The Committee’s original report, which was published in July 2022, called on the BBC to publish a new vision for delivering value for […]