Videon, a specialist in edge computing for video, has raised $7.3 million (€6.1m) in Series A funding, led by Voyager Capital. Videon says the funding will allow it to expand its senior leadership, engineering, marketing, and sales teams, enabling it to bring its unique video compute platform to more customers worldwide. Additionally, Rob Green in […]
The UK parliament’s Digital, Culture, Media and Sport Committee is to address the future of commercial PSB Channel 4 following the confirmation that privatisation is an option being considered by the Government. Culture Secretary Oliver Dowden told the Committee in May 2021 that its privatisation was under examination in a review of public service broadcasting. […]
The UK’s ability to capitalise on the roll-out of next-generation gigabit broadband is at risk because too few consumers are aware of the technology and its benefits, according to a new report from the Gigabit Take-up Advisory Group, led by consumer advocacy body Which?. The roll-out of gigabit-capable broadband, with the fastest speeds and most […]
Live-streaming and VoD specialist Simplestream has secured a £1 million (€1.16m) loan from the alternative lender BOOST&Co to build on a strong period of growth. The company has grown swiftly over the past 12 months, completing projects including the launch of a movie SVoD service for Sony in Africa, the creation of a multi-platform children’s […]
Sir Richard Branson managed to handle a reverse take-over of his Virgin Galactic space tourism business by a Special Purpose Acquisition Company (SPAC) and a stock market listing in October 2019. Now he is reportedly trying a similar scheme with Virgin Orbit. Branson is looking for another SPAC, this time targeting NextGeneration Acquisition II, which […]
Spain is set to eliminate the 0.9 per cent tax on telco revenues and pass the burden to finance RTVE onto global streaming players such as Netflix, HBO and Amazon. The Spanish government is revising the Audio Visual Law and is set to exempt Spanish telcos from financing the public broadcaster with around €128 million […]
The European Commission has concluded that the aid received by terrestrial operators for the digitisation and extension of the terrestrial television network in remote areas of Spain was against EU State aid rules. Following the annulment of a 2013 Commission decision, the additional investigation has confirmed that, between 2005 and 2008, the operators of terrestrial […]
Relativity Space, based in Long Beach, Los Angeles, and very much focused on tapping into the latest production techniques, has raised a further $650 million in funding. This means it has now raised some $2.3 billion in the past 5 years. The cash will help support development of ‘Terran R’ which the company describes as […]
US pay-radio operator SiriusXM, helped in the knowledge that its latest satellite is on its way to orbit, is to raise $2 billion in the form of 4 per cent senior notes “subject to market conditions”. The new borrowings will be used to repay all of its outstanding 3.875 per cent Senior Notes due next […]
After a record year in 2020, the first quarter of 2021 has marked a turning point, according to findings from telecoms regulator Arcep, which show that more than half of all Internet access subscriptions as of March 31st 2021 are now to superfast services Arcep’s (Autorité de régulation des communications électroniques et des postes) scoreboard […]