With the escalating response to the current Covid-19 pandemic, Pact, the trade association representing the commercial interests of UK independent television, film, digital, children’s and animation media companies, is calling on Government to adopt a range of measures to support one of the UK’s most successful domestic and export industries. Firstly, to support SMEs, suspend […]
UK Digital Secretary Oliver Dowden has confirmed that the government will legislate to make sure new-build homes come with gigabit-speed broadband fit for the future, with the administration suggesting that this is a significant step in the Prime Minister’s plan to level up the UK and accelerate the nationwide rollout of world-class broadband with the […]
In a Joint Statement, the BBC and the Department for Digital, Culture, Media & Sport have confirmed that changes to the funding of TV Licences for over 75s scheduled to come into effect on June 1st will now take place on August 1st. The Statement says: “The BBC and the Government have been discussing the […]
The DCMS Committee, which monitors the policy, administration and expenditure of the Department for Digital, Culture, Media and Sport and its associated bodies, including the BBC, on behalf of the House of Commons and the electorate, has published responses to recommendations of its predecessor Committee’s report which focused on proposed changes to the TV licence […]
UK Chancellor of the Exchequer Rishi Sunak has confirmed the Conservative administration’s commitment to support the rollout of gigabit-capable broadband in the most difficult to reach 20 per cent of the country. Presenting his 2020 Budget, Sunak said the government was committing £5 billion to support the rollout of gigabit-capable broadband so that all areas […]
Elon Musk has raised $500.06 million (€441m) in fresh funding at a share price of an extremely buoyant $220 per share. This is double what SpaceX was looking to raise, and means that his rocket company is now worth around $36 billion (and an improvement on last year’s $33 billion valuation). It is again proof […]
THEO Technologies has raised $10 million (€8.8m) in a Series A funding round led by SmartFin Capital, with participation from PMV and Media Invest Vlaanderen (MIV). Founded in Leuven in 2012, THEO Technologies’ mission is to 2facilitate the perfect video experience on any platform or device, at any time and everywhere”. “The online video industry […]
CityFibre, the UK’s third national digital infrastructure platform, has revealed 36 additional locations to benefit from full fibre as part of its up to £4 billion (€4.6bn) Gigabit City Investment Programme, targeting up to 8 million premises. In parallel, CityFibre has also accelerated the mobilisation of its network build capabilities, with a process underway to […]
UK Digital, Culture, Media & Sport Secretary of State Oliver Dowden has suggested the BBC needs to be closer to, and understand the perspectives of, the whole of the UK and avoid providing a narrow urban outlook. Delivering a keynote speech at the Enders Media and Telecoms Conference setting out why the UK’s creative and […]
Quibi, the soon-to-launch subscription service for short-form content on mobiles, founded by Jeff Katzenberg and Meg Whitman, has raised $750 million (€671m) in second round funding. Quibi’s, short for “Quick Bites”, initially raised $1 billion from Hollywood studios and others. The company said the second round included investments from existing investors and new ones. “We […]