Eutelsat, as expected, is raising €1.35 billion in fresh capital. The French state is “anchoring” the increase, which will be in place by the end of this year. The extra cash comes by way of a €716 million capital increase which would be subscribed by the French State via the Agence des Participations de l’Etat […]

Satellite operator SES has raised two €500 million bonds. SES, as is usual in these cases, says it shall apply the net proceeds of the Notes towards its general corporate purposes, including, without limitation (i) financing all or part of the purchase price of the acquisition of Intelsat Holdings (including the payment of fees, costs […]

HarbourView Equity Partners, a multi-strategy investment firm focused on investment opportunities in the music, sports, media and entertainment space, is leading a $85 million (€73.8m) investment in Animaj, alongside Bpifrance, the French national investment fund and a key player in the French tech and AI ecosystem. Animaj is a digital-first AI-empowered media company transforming kids […]

Eutelsat’s newly appointed CEO, Jean-François Fallacher, speaking at the Paris Air Show, firmly denied that the satellite operator was in financial difficulties. “Let me correct a misimpression: Eutelsat does not have financial difficulties: No. Eutelsat has a need for financing. There’s a difference,” Fallacher asserted. “We need financing to develop the constellation and continue our […]

The European Space Agency (ESA) is expected to ask its 23 member governments to fund a new constellation of high-resolution satellites and budgeted at some €1.5 billion. This sum is over and above the normal budget requests which will be discussed at the upcoming November 26th-27th meeting between Ministers and ESA, and where ESA’s budget […]

In response to the real-terms cuts to the Department for Culture, Media and Sport’s budget announced in the Spending Review, Dame Caroline Dinenage, Chair of the Culture, Media and Sports Committee of the UK House of Commons, said: “A real-terms cut for DCMS is the wrong choice by the Chancellor. Promises of significant increases for […]

Eutelsat’s new CEO, Jean-François Fallacher, is “racing” to secure fresh funding in order to save OneWeb according to Bloomberg. The constellation of low-Earth orbit (LEO) satellites is seeking to challenge Elon Musk’s Starlink and the upcoming Jeff Bezos-backed Project Kuiper LEO system. The industry expects Fallacher to be successful. “After all, why would he have […]

Bell Media is making a strategic investment in independent production company, Blink49 Studios. Based in Toronto, Vancouver and Los Angeles, Blink49 is known for its production pipeline and partnership capabilities within Canada, the US and Europe. The investment, which sees Bell Media strike, alongside Fifth Season, a production and distribution partnership with Blink49, further enhances […]

The Culture, Media and Sport Committee of the UK House of Commons has written to the Government to ask for reassurances over the future funding of the BBC World Service, following reports of potential cuts planned for the forthcoming Spending Review, which will set the Government’s contribution for the following few years. The letter highlights […]

Moments Lab, a specialist in AI video discovery, has raised $24 million (€21m) in funding, led by Oxx, with participation from Orange Ventures, Kadmos, Supernova Invest and Elaia Partners. The new capital will accelerate Moments Lab’s U.S. expansion and advance its R&D work as it builds on its patented MXT-2 multimodal AI and rolls out […]