BFI chair Tim Richards and chief executive Ben Roberts have published Screen Culture 2033, the UK’s lead organisation for film and the moving image’s new 10-year strategy signalling a fresh approach to benefitting the public and industry through to its landmark centenary in 2033. This new vision sets out how the BFI will transform access […]
SpinLaunch, a company that wants to launch satellites using a giant centrifuge (an ‘orbital accelerator’), has announced that it has raised some $71 million in Series B funding. SpinLaunch’s new cash comes in a funding round led by ATW Partners. SpinLaunch is currently based at Long Beach, California. The new cash means that the company […]
Satellite constellation operator OneWeb is reportedly seeking to raise “billion of pounds” in fresh funding. This cash-raising exercise is additional to the recently announced merger between OneWeb and Paris-based Eutelsat. The fresh cash is needed to fund the cost for building and launching OneWeb’s second-generation satellites, which will be more powerful. Reports suggest that OneWeb […]
Chinese broadband-by-satellite business GalaxySpace has reportedly raised extra financing which values the company at almost $1.6 billion (€1.57bn). GalaxySpace is looking to participate in China’s planned 13,000 satellite mega-constellation. The cash has come from a major Chinese bank (CCB International) and others including Anhui Sanzhongyichuang Industry Development Fund, Hefei Industry Investment and Sincere Fund, as […]
SES is investing in IN:IO Enterprise, a group seeking to win the European Union’s proposed Low Earth Orbit (LEO) constellation. If the new consortium wins the EU’s approval then SES will be the world’s only satellite operator with geostationary (its own), Mid-Earth (O3b/mPOWER) and LEO assets in orbit. Eutelsat is not part of this new […]
Video content and platform security solutions provider Friend MTS has received what it says is a significant investment by private equity firm NorthEdge. The investment will enable Friend MTS further to expand its portfolio of video content security SaaS solutions, and to deliver revenue-securing technology to core markets of sports and media, as well as […]
The Digital, Culture, Media and Sport Committee of the UK House of Commons is to question senior BBC figures on the licence fee, impartiality, and earnings. The Committee will quiz Tim Davie CBE, Director General, BBC, Richard Sharp, Chair, and Leigh Tavaziva, Chief Operating Officer, BBC on how the broadcaster plans to remain relevant and […]
UK film and TV production company insolvencies have jumped 69 per cent in the past year, from 67 to 113, according to research from audit, tax and advisory firm Mazars. Many of those insolvencies were of financially weaker production companies that missed out on last year’s UK film & TV industry boom as they couldn’t […]
Sport Buff – a specialist in gamification and on-screen engagement – has attracted a further $2.5 million of global investment in its seed round of funding, following successful pre-seed funding in February 2021. Among the fresh investors in Sport Buff are Sport Republic (UK), Longboard Capital (US), Calvert Drive (NZ) and Intrepid Ventures (CY), alongside […]
Virgin Media O2 is donating £2 million to digital inclusion charity, Good Things Foundation, to help disadvantaged people across the UK get online and gain vital digital skills, as part of a new three-year partnership. Virgin Media O2 has become a strategic partner of Good Things Foundation and will work closely with the charity to […]