Five locations across England will receive a share of £20 million (€22.68m) to invest in local culture, heritage and creative industries and help drive economic growth. In the first government investment of its kind, Grimsby, the Thames Estuary, Plymouth, Wakefield and Worcester will use the funding on local cultural plans which are tailored to the […]
Industry trade body the British Association for Screen Entertainment (BASE) has responded to the news that UK entertainment retailer HMV has entered administration for the second time in six years, listing five reasons that point out the importance to the sector of its continued existence: The physical disc market is more resilient than headlines suggest. […]
SenseTime Group, the world’s most valuable artificial-intelligence start-up, is preparing for a new financing round with the China-baned company aiming to raise about $2 billion in fresh funding this year. Bloomberg reports that SenseTime, which counts Alibaba Group as an investor, raised more than $1.2 billion last year including a round announced in May that […]
Surrey Satellite Technology (SSTL), based in Guildford, UK, unveiled its portion of Eutelsat’s highly versatile ‘Quantum’ satellite on January 9th. The satellite is being built under a public–private partnership between the European Space Agency (ESA) and the satellite operator Eutelsat with Airbus as the prime contractor. The satellite platform, which has been designed and manufactured […]
Sky is taking a stake in TV software and content protection business Synamedia, where Dr Abe Peled is chairman. Sky joins Synamedia’s existing major shareholder Permira in the company, which was bought out of Cisco and is perhaps better known under its old NDS name. Both Sky and its parent company Comcast are long-time Synamedia […]
International digital entertainment group MTG has secured a SEK 1 billion (€98m) credit facility from Nordic financial group Nordea, which will provide additional funding for MTG after the spin-off and listing of Nordic Entertainment Group (NENT Group) in Q1 2019. In addition, the previously announced agreement to sell MTG’s shareholding in Nova Broadcasting Group to PPF […]
Innovid, the video advertising platform, has secured $30 million in pre-IPO funding from Goldman Sachs’ Private Capital Investing group. Innovid will use the additional capital to further its innovation and leadership in the connected TV (CTV) advertising technology market, as well as to expand its global footprint. “Innovid continues to push the boundaries for what […]
Elon Musk was been busy tweeting over the holidays, talking about a visit to Boca Chica, South Texas to view construction on his ‘Starship Alpha’ space rocket, and telling fans that the overall Mars-focussed project had been “radically redesigned”. It has also emerged that since early December he has raised around $1 billion in fresh […]
Australia’s Minister for Regional Services Senator Bridget McKenzie has announced A$10 million in additional funding to secure the Viewer Access Satellite Television Service (VAST) for regional Australians until 2021. VAST provides commercial and national television services free-to-air to around 500,000 Australian viewers in regional Australia, including 30,000 travellers. “Many Australians living in our regions rely […]
Accedo, the video experience specialist, has raised $17 million in equity to further drive its growth over the coming years. This round of financing was led by SEB Private Equity, a Stockholm based private equity team and already a substantial investor in Accedo. Accedo was founded in 2004 by Michael Lantz and Fredrik Andersson with […]