Videon, a specialist in edge computing for video, has raised a further $9 million (€7.9m) bringing total investment in the past seven months to $16.3 million. The funding, led by Alter Venture Partners with participation from Voyager Capital, Fortson VC, Bruce Chizen, and Cercano Management, will drive further innovation in its next-generation video edge computing […]
UK multiplay telco Virgin Media O2 (VMO2) is planning to launch a fibre network construction joint venture led by owners Liberty Global and Telefónica, according to reports. Such an operation would seek to rival BT’s Openreach digital infrastructure arm. The new company is seeking a substantial sum from third-party investors, with one source suggesting the […]
Intelsat is in the process of exiting its Chapter 11 bankruptcy reconstruction. It has organised its post-bankruptcy financing and German financial services giant Allianz will be very much in control of Intelsat. The European Commission approved on January 24th the control of Intelsat Holdings SA by Allianz SE and has given the green light to […]
James Purnell, a former Director of Radio at the BBC, as well as its Director of Strategy and Digital, has suggested that the Corporation be funded by a household fee, also proposing that the BBC buy fellow public service broadcaster Chanel 4, whose future ownership is being considered by the Government. Writing in the Sunday […]
BBC director general Tim Davie has warned that the freeze to the TV licence fee announced by Culture Secretary Nadine Dorries will affect the Corporation’s frontline output, and in terms of what services might be cut, said “everything’s on the agenda”. Speaking on BBC Radio 4’s Today programme, Davie suggested the funding gap brought about […]
Following suggestions that such an announcement was imminent, Culture Secretary Nadine Dorries has confirmed the TV licence fee will remain at £159 (€190) until 2024 and then rise in line with inflation for the following four years. The plans for the new licence fee settlement cover a period of six years and will take effect […]
UK Culture Secretary Nadine Dorries has said the next announcement about the BBC licence fee will be the last – and it was time to discuss new ways to fund and sell “great British content”. Dorries added that “the days of the elderly being threatened with prison sentences and bailiffs knocking on doors” were over. […]
It goes without saying that the current British government is an embarrassment at home and abroad. With Trump, for now, off the stage, and Berlusconi, for now, in retirement, Boris Johnson has the stage to himself as a global unifier as nations the world over laugh at him, and pity us. One of the worst […]
LoopMe, a brand-focused mobile advertising platform, has announced Mayfair Equity Partners, a tech and consumer growth investor, as its new investment partner. LoopMe has estimated gross revenues of nearly $100 million (€87.3m) for full year 2021, having achieved revenue growth of c.50 per cent p.a. over the past three years, with the majority of revenues […]
Newsflare, a licensing platforms and marketplace for user-generated video (UGV), has closed a Series B accelerator funding round to fuel faster growth. The £5 million (€5.9) investment will be used to increase Newsflare’s global footprint, grow its team, and expand its Studios and Marketplace business across Europe, North America and Asia. This funding round, led […]