Following the announcement of ITV AdVentures Invest, a Media for Equity initiative, ITV has now concluded its first investment in what3words Limited. what3words is a uniquely accessible location service, which has divided the world into a grid of 3 metre squares, giving each its own three-word identifier: a what3words address. For example, the front door […]
ViacomCBS plans to sell $3 billion (€2.5bn) in stock to invest in streaming. The group launched its D2C streaming service Paramount+ earlier this month, and in 2019 it bought Pluto TV, an ad supported streaming platform. A year ago, after Viacom and CBS were re-combined, ViacomCBS shares traded at $11.28. They were $36 in December […]
More than one million hard to reach homes and businesses in the UK will have next generation gigabit broadband built to them in the first phase of a £5 billion (€5.84bn) government infrastructure project. Up to 510,000 homes and businesses in Cambridgeshire, Cornwall, Cumbria, Dorset, Durham, Essex, Northumberland, South Tyneside and Tees Valley will be […]
Spain’s TV group Mediapro is reportedly set to request a €300 million financial rescue package from the public investment bank SEPI (Sociedad Estatal de Participaciones Industriales) to solve its economic problems brought on by the pandemic. The TV group, with 5,000 workers in the country and 3,000 outside, must fulfil criteria that it is a […]
International satellite communications specialist Speedcast has emerged from its Chapter 11 bankruptcy restructuring. The Australian-headquartered business, in a statement, said: “[Speedcast] has emerged from the Chapter 11 process under new ownership with no secured debt and a healthy cash balance. Speedcast successfully completed the comprehensive restructuring on March 11th after receiving a $500 million equity […]
Disruptel, the interactive TV and voice assistant innovator, has announced the completion of a $1.15 million (€0.96m) seed funding round. PJC and Progress Ventures led the round, with the backing of notable industry investors and advisors including Mike Baker, co-founder and former CEO of DataXu (acquired by Roku in 2019), Adam Cheyer, voice assistant expert […]
The BBC has set out its ambition to ‘build commercial income’ – one of four top priorities set out by Tim Davie in his first week as Director-General, and now underway to modernise the BBC and offer better value to every licence fee payer. As well as an ambition to build commercial income, these priorities […]
Multichannel broadcster UKTV – owned by BBC Studios – has invested in luxury watch comparison website start-up TIME-TO-FIND, using its multi-million pound investment fund, UKTV Ventures. The partnership comprises an ‘airtime-for-equity’ agreement which will see TIME-TO-FIND launch its first ever TV advertising campaign on UKTV’s seven channels – Alibi, Dave, Drama, Eden, Gold, W, and […]
The $1.8 billion legal claim by SES on Intelsat concerning the SES claim on the split of FCC’s C-band incentive payments rumbles on, but with some tough comments from an SES submission to Intelsat’s bankruptcy court. SES filed its further motion with Intelsat’s bankruptcy court on March 3rd and wants the court to determine which […]
Channel 4 has announced that Big Deal Film is to join its Indie Growth Fund portfolio. Initially formed as a talent management company by Dhanny Joshi and Thomas Stogdon, Big Deal Films has established itself as a dynamic new voice in the world of production with a reputation for creating innovative factual, factual entertainment and […]