There are now three major would-be mega-constellation low Earth orbit satellite developers: Elon Musk’s Starlink, Jeff Bezos’ Project Kuiper and the UK/India joint-venture OneWeb (should it emerge from bankruptcy). The missing link for each of them is a very low-cost phased array antenna to bring satellite broadband to the mass market. Which is perhaps where […]
DAZN Group, the sports subscription and distribution company, is looking to raise new investment of as much as $1 billion. It is reportedly consulting advisors on options including selling assets and an IPO. This is not the first time that the media company has sought investment. Fund raising efforts for $500 million were first reported […]
ITV and BBC Studios (BBCS) are set to invest more than A$35 million (€21.2m) into BritBox’s Australian operation, which is scheduled to launch this autumn. BBCS and ITV will both invest A$17.7m ($12.7m) into the SVoD platform over the next three years. The service, which launched in the US in 2017, and has since also […]
SpaceX has generated some $1.9 billion of fresh funding during August, and according to reports, is still looking to raise more cash. The initial target was to raise $2.066 billion. The cash-raising exercise follows on from SpaceX raising $346 million in May. The news comes as Musk achieves 4th position as the world’s richest person […]
Amazon Prime Video and Amazon Studios have announced a $6 million (€5.09m) commitment to support the European TV and film production creative community through the Covid-19 pandemic. Donations from the fund will be made to Covid-19 relief funds in countries across Europe to support the creative community as TV and film production begins to restart […]
Almost 500,000 premises across the UK have been connected to gigabit-capable broadband since summer 2018. This is part of a £1 billion (€1.11bn) government funding commitment until the end of 2021, with a further £5 billion for the hardest-to-reach areas to be earmarked soon. It means that, alongside commercial investment, more than 7.5 million premises […]
In a major move to jump start the UK’s cultural and creative sectors following lockdown, Culture Secretary Oliver Dowden has announced the launch of a Government-backed scheme worth half a billion pounds (€551m) for domestic film and TV productions struggling to get coronavirus-related insurance. The Government has also set out how organisations can apply for […]
Elon Musk, flushed with the stock market success of his Tesla vehicle business, is seeking to raise more cash. This time the cash would go to SpaceX. This fund-raising would be the N-series and Musk, according to Bloomberg, wants at least $500 million and possibly $1 billion which would give his rocket-launching business a valuation […]
UK senior civil servants have formally warned the government that its commitment to put $500 million into a joint venture with Bharti Global to buy bankrupt satellite operator OneWeb has a high risk of losing all the investment. OneWeb is currently totally unprofitable and it is likely to need considerable further investments for satellite building […]
Media and entertainment technologist Technicolor has confirmed that, on the basis of information received, all resolutions required to implement the financial restructuring plan have been approved, with a very large majority, for the shareholders’ general meeting to be held today, July 20th. As planned, the first part of the new financing was concluded on July […]