Sportradar, a global provider of sports betting and sports entertainment products and services, and the number one provider of business-to-business solutions to the global sports betting industry based on revenue, announced today that Michael Jordan, NBA legend and early Sportradar investor, will serve as a special advisor to Sportradar’s Board of Directors, while also increasing […]
Prestwick Spaceport has secured a launch partner for its spaceport development in a landmark deal that will boost Scotland’s space industry ambitions and create an important strategic asset for the UK. The spaceport, represented by Glasgow Prestwick Airport and South Ayrshire Council, has signed a Memorandum of Understanding (MoU) with UK-based, commercially-operated horizontal ‘air launch’ […]
Watching That, the revenue intelligence platform for the OTT industry, has secured late seed funding from FirstPartyCapital, a new type of sector-focused fund, to help expand its customer base of broadcasters and OTT video providers across the globe. The funding will help Watching That invest in its technical team, accelerate global expansion, and expand its […]
The obligation on French and foreign SVoD services to dedicate 20-25 per cent of their annual turnover (for services offering films newer than twelve months) to content creation in France, could generate between €1.2 and €1.5 billion additional funds for movie and TV production between 2021 and 2024. The French ‘AVMS’ Euro Directive became operative […]
In a speech meant to be delivered to the Royal Television Society Convention before his unexpected demotion from the role, former UK Culture Secretary Oliver Dowden set out his support for the ongoing success of commercial public service broadcaster Channel 4 and the benefits a potential change in ownership could bring to the service and […]
Intelsat’s request to increase its Debtor in Possession (DiP) financing by a half billion dollars to a total of $1.5 billion was approved by its bankruptcy court on September 13th. The extra cash is structured as: – New DIP includes a $1.25 billion senior-secured term loan and a $250 million delayed-draw term loan at Libor […]
Satellite operator Eutelsat Communications has confirmed the closing of its $550 million €455.4m) equity investment in Low Earth Orbit service OneWeb announced on April 27th, 2021. Subject to completion of the subsequently announced investments in OneWeb by Bharti and Hanwha, Eutelsat will hold a 17.6 per cent stake. “We are delighted to close this investment […]
Fox Corporation and premium content blockchain specialist Eluvio have confirmed that FOX has made a strategic investment in Eluvio to accelerate the adoption of Eluvio’s platform across the broader media and entertainment industry. As part of the investment, the companies also announced that Eluvio will provide the underlying technology platform for Blockchain Creative Labs, FOX […]
Intelsat has told its Chapter 11 bankruptcy court that it has achieved the support of some of its major debt holders. Intelsat says that it could lead to a “comprehensive” financial restructuring that would reduce the operator’s debt by more than half – from almost $15 billion (€12.7bn) to $7 billion. The proposal, which comes […]
Connected home analytics specialist Veego Software has closed a $13 million (€11.7m) Series A financing round led by Magenta Venture Partners, a venture capital firm focused on early-stage Israeli start-ups in the artificial intelligence (AI), IoT, and enterprise software domains. The round also includes continued support from existing investors, State of Mind Ventures (SOMV), Robert […]