French deputies have voted to end the licence fee financing PSB groups, a project that was examined as part of the corrective finance bill for 2022. The Assembly replaced its funding by a percentage of VAT for a total amount of €3.7 billion. This element of VAT will be determined annually as part of the […]
Members of the Communications and Digital Committee of the UK House of Lords, Parliament’s upper legislative chamber, have suggested that some form of public funding will remain necessary beyond the existing BBC licence fee settlement, proposing a number of alternatives. In a report, Licence to change: BBC future funding, the Committee, chaired by Baroness Stowell […]
Dufrain, the data management services and data analytics consultancy with a focus on telecoms businesses, has secured investment from Phoenix Equity Partners, a UK growth-focused private equity firm, to fuel the next stage of its growth as part of a management buyout. Founded in 2010, Dufrain helps its clients discover, manage and optimise their data […]
The UK House of Commons Digital, Culture, Media and Sport Committee is to question the Chief Executive and Operating Officers of Channel 4 on their thoughts on Government plans to privatise the broadcaster. Questions are expected to cover whether privatisation will increase or decrease the channel’s impact and contribution to the sector, as well as […]
Channel 4’s Indie Growth Fund has invested in the Glasgow-based independent production company Freedom Scripted. Founded in 2018 by former BBC, STV and World Productions development producer Mike Ellen, Freedom Scripted focuses on high end contemporary drama and has a range of projects currently in development working with some of the most exciting and diverse […]
Sky has announced a £1 million partnership with newly launched civil rights group, the Black Equity Organisation (BEO), to deliver the Future 100 Growth Fund, backing Black British entrepreneurs to launch and grow their businesses. As BEO’s first official programme partner, Sky will provide funding and support over three years to help overcome the significant […]
Indian eSports startup FanClash, has raised $40 million (€38.1m) Series B funding to fuel its mission to build a global eSports fantasy, data and fan engagement platform. This succeeds a Series A round of $10 million from Sequoia Capital India, Falcon Edge (Alpha Wave Ventures) and Info Edge India in August 2021. Existing investors along […]
More support will be available for Welsh film thanks to a new and simplified Welsh Government funding package which will help create quality jobs in the sector and generate at least £12 million (€13.9m) for the Welsh economy over the next two years, Deputy Minister for Arts and Sport, Dawn Bowden, has announced. Bowden made […]
Pixellot has completed a $161 million (€153.7m) funding round led by PSG, a growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth, with the participation of existing investor Israeli Secondary Fund (ISF). The round also includes secondary capital from existing investors. As part of the transaction, Ronen Nir, Managing […]
Papercup, a UK artificial intelligence start-up, has set an ambitious goal of bringing human emotion to AI dubbing services, as it receives a $20 million (€18.6m) Series A investment round. The company intends to use the funding to make global video content watchable in any language through emotive and realistic synthetic voices and AI dubbing. […]