Netflix is planning to raise another $1.6bn (€1.36bn) from investors to finance new content and make new acquisitions. The video streaming giant plans to spend up to $8 billion on content next year to keep the edge on its rivals. Netflix will issue bonds to investors, although the interest rate it will pay has yet […]
Pluto TV, the free Internet television service in the US, has received $5 million in funding from Samsung Venture Investment Corporation, the venture capital arm of the Samsung Group, with participation from other investors totalling $8.3 million. The funding will be used to further expand Pluto TV’s product, content and marketing efforts. “Samsung is the […]
More than 33,000 young people between the ages of 18 and 25 were caught watching live TV or BBC programmes on iPlayer without a TV Licence in the past year, according to new figures released today by TV Licensing – the companies contracted by the BBC to administer the collection of the television licence fee […]
Simplestream, specialist in live and on-demand OTT TV services, has received a £500,000 (€0.56m) finance package from Clydesdale and Yorkshire Bank’s Growth Finance team to assist with further investment and international expansion. The London-based company is going through a stage of significant growth and says this most recent round of funding will allow it to […]
Blend Media, a 360˚ video and VR specialist that is working with Facebook among others, has closed a third round of funding, securing £1.5 million (€1.7m) and bringing total investment to £2.6 million. New investment came from Hambro Perks and I2BF Global Ventures along with participation from existing investors including Paul Cooper, partner at Clarity […]
Paywizard, the subscription, billing and customer relationship management (CRM) specialist, has secured new funding from existing investors to build on momentum from major new client signings and the launch of innovative subscription and pay-per-view (PPV) solutions with partners. The company also secured a number of major business wins in the run-up to IBC, including: NHK […]
The UK’s booming creative industries could be worth £128.4 billion (€148.1bn) to the UK economy by 2025, and help to create up to 1 million new jobs by 2030, according to an independent review of the sector commissioned by the government and led by the current Chair of ITV Sir Peter Bazalgette. The review – […]
Streamroot, pioneer in distributed OTT video delivery solutions, has secured an additional $3.2 million in funding, bringing the company’s total financing to $6 million. Contributions in this round came from premier international firms including Partech Ventures, Techstars Venture Capital Fund, Verizon Ventures and R/GA. Founded in early 2014, Streamroot developed the first webRTC-based peer-to-peer delivery […]
Inside Secure, a specialist in security solutions for mobile and connected devices, has announced the successful completion of fundraising in the global amount of €16 million through the issuance of bonds convertible into new shares and/or exchangeable for existing shares (“OCEANE”) due in 2022. The OCEANE bonds have been offered by way of two private […]
Valossa, a video artificial intelligence (AI) company, has completed a $2 million round of investment. The investment will help the company expand its product team and its global sales and marketing to meet the demands for its Valossa AI video intelligence products. The round was led by London-based 01 Ventures, followed by Finland-based Reaktor Ventures, […]