Broadband satellite start up Astranis has announced a $250 million (€208.6m) Series C financing round, valuing the company at $1.4 billion. The financing was led by funds managed by BlackRock, with significant participation from new investors Baillie Gifford, Fidelity Management & Research Company LLC, Koch Strategic Platforms, Monashee Investment Management, and Uncorrelated Ventures. Existing investors […]
Streaming media platform Plex has completed a growth equity round of $50 million (€41.7) from existing investor Intercap. The financing includes approximately $15 million in new capital for Plex, with the remainder of the funds used to purchase shares and options from employees and shareholders. The new capital will further Plex’s mission of being a […]
Iyuno-SDI Group, a provider of localisation services to the media and entertainment industry, has secured a $160 million investment from SoftBank Vision Fund 2, The investment will provide Iyuno-SDI with the necessary resources to support its mission of transforming the localisation industry. SoftBank Vision Fund 2 will become one of the largest shareholders of Iyuno-SDI […]
IRIS.TV, the video data platform, has announced the completion of a $18 million Series B funding round. Intel Capital, a division of Intel Corporation, led the round, with participation from investors including WISE Ventures, Quest Venture Partners, and Mirae Asset Venture Investment. The round also included prominent names in the space including Mike Baker, founder, […]
UK Prime Minister Boris Johnson and Digital Secretary Oliver Dowden have met with broadband industry leaders and praised the sector for creating more than 22,000 jobs over the last year as forecasts for gigabit rollout are revised further upwards. They welcomed the firms’ work to help the nation build back better from the pandemic with […]
Ed Horowitz ran SES’s Americom business from 2005-2008 and was an Executive VP at Viacom for 8 years (1989-1997) and SVP/Operations at HBO (1974-1989). In other words, he has plenty of media and satellite experience. He now wants to raise $250 million for his next venture which is very much space related. For the past […]
Europe can create 2.4 million new jobs within the next four years through digital transformation, while boosting economic growth and accelerating green transformation, according to the findings of a report, Connectivity and Beyond: How Telcos Can Accelerate a Digital Future For All, from European telecoms association ETNO and prepared by global management consulting firm BCG. […]
The BBC is reshaping its arts and music content teams and upping investements to drive bigger reach and impact across the UK. BBC Two will increase its resources for arts and music, whilst BBC Four becomes the home of arts and music performance and will bring together collections of distinctive content from the BBC’s archive. […]
The Government’s failure to enable a viable and alternative form of funding for the BBC means it will be forced to rely on the TV licence fee for the term of the next Charter, according to a cross-party group of MPs. In a wide-ranging Report, The future of public service broadcasting, the House of Commons […]
UK digital infrastructure provider Openreach has hit its first target of making Full Fibre broadband technology available to 4.5 million premises across the UK by the end of March 2021, meaning millions of families, businesses and public sector organisations can now order ultrafast, ultra-reliable connectivity from a host of competing Communications Providers. Despite the huge […]