Vice Media has launched a free online television channel available on the Roku platform in the US this week, as it markets an IPO to refinance some of the funding taken from TPG private equity in 2017 when it was valued at $5.7 billion (€4.7bn) – it is now hoping for a value of $3 […]
Recast, the UK based sports OTT platform, has raised £5.9 million (€6.7m) in its Series A round of investment. Recast said the success of the round follows increased demand from rights holders looking for alternative ways to monetise their video content as consumption and payment patterns continue to evolve. Among the investors is Simon Bax, […]
iSIZE, a deep-tech company that applies deep learning to optimise video streaming and delivery, has raised a further $6.3 million (€5.2m) in funding as it seeks to make streaming more environmentally friendly without reducing quality. The round was led by Octopus Ventures, with participation from existing investors including TD Veen and Patrick Pichette, Chairman of […]
Eutelsat is taking a 24 per cent stake in UK/India-owned low Earth orbiting business OneWeb. Eutelsat will invest $500 million (€455.4m) in the company, which “almost” fully funds the satellite venture. Eutelsat will use its FCC-granted ‘incentive’ payment for giving up its C-band frequencies over the US to fund its stake. In a press statement, […]
More British film and screen content will reach an international stage thanks to a £7 million (€8m) UK Global Screen Fund launched by Culture Secretary Oliver Dowden. Developed in partnership with the British Film Institute (BFI), the fund will support the UK independent screen sector to export their productions to markets around the world, helping […]
The Professional Fighters League (PFL) has announced that US rapper Wiz Khalifa has invested in the league and will play an active role in continuing to shape the PFL brand. In his advisory role, Khalifa will collaborate with the league on integrating various elements of pop culture – from music integration and content creation to […]
Bitmovin, a provider of video infrastructure for global digital media companies, has raised $25 million (€20.7m) in Series C financing. The company says it will leverage this investment to drive the continued expansion of its product innovation and technology leadership in the streaming space. Bitmovin’s Series C round was led by Swisscom Ventures with participation […]
Phenix, the real-time streaming technology platform, has announced closing $16.7 million (€13.8m) in Series B funding at a valuation of $90 million. This brings total funding for the company to approximately $40 million. The oversubscribed round was led by Chicago based sports/tech VC firm KB Partners with participation from Verizon Ventures and Manheim Investments. “KB […]
Elon Musk might well mount an IPO for his SpaceX business somewhere down the line, but for the moment he seems happy to raise cash by issuing new equity. In a regulatory filing, SpaceX says it has raised a total of $1.164 billion over the past few weeks. The company had already reported raising some […]
Canada-based satellite operator Telesat will raise some C$500 million (€333.5m) in fresh borrowings in order to fund its new fleet of Lightspeed low Earth orbiting satellites. The cash-raising exercise will happen before the end of April, according to CEO Dan Goldberg. The total cost of the Lightspeed 298 satellite project are reportedly about $5 billion. […]