High speed fibre broadband is to be piloted in six regions of the UK. The first stage of a £200 million (€218m) publicly funded scheme to help bring the UK’s fastest and most reliable broadband to businesses, schools and hospitals kicked off Sunday 3rd September with the launch of six local pilots. The projects will […]
Saudi Arabia-based Taqnia Space has secured further finance through a long-term agreement with Bank Albilad. Taqnia Space says it aims to transfer and market satellite technology, support the sustainable development of GDP, diversify the economy, create high-quality jobs, and attract outstanding talent in related fields. Taqnia, which is backed by Saudi Arabia’s Public Investment Fund, […]
The world knows the names of Jeff Bezos (owner Amazon), Elon Musk (SpaceX/Tesla cars) and Sir Richard Branson (Virgin Group) as being more than casually interested in space, rockets and communications. But a report on Bloomberg TV highlighted another dozen or so, drawn from amongst the 500 richest people on the planet, who are backing […]
Pan-European broadcaster Sky has invested a further £1 million (€1.09m) in TRX, the online deal-making tool for TV rights, following its initial investment of £1 million in August 2016. This latest investment brings TRX’s total funds raised to date to £10 million. As well as Sky, investors include the Channel Four Growth Fund, angel investors […]
Smart content and device company TiTANplatform Corporation has engaged Deloitte Corporate Finance LLC (DCF) to provide investment banking services and Deloitte & Touche LLP to provide accounting services. TiTANplatform and DCF will work in conjunction with Manatt, Phelps & Phillips, a leading US law firm, to complete a new $100 million capital raise on top […]
Sydney based start-up Veredictum has launched the token sale for its decentralised anti-piracy and distribution platform for the film and video industry. The Ventana token sale aims to achieve widespread acceptance within the film and video industry using blockchain-based technologies to register video and film ownership rights, and to add detectable fingerprints to content so […]
PCCW Media is introducing Hony Capital (Hony), Foxconn Ventures (Foxconn) and Temasek as investors of PCCW International OTT (Cayman Islands) Holdings Limited (PCCW OTT), raising $110m. This strategic investment will strengthen PCCW OTT’s ability to enhance its core value proposition of relevant content including distinctive original productions, and to continue to deploy the latest technologies […]
Blue Origin, the rocket-launching business founded by Amazon billionaire Jeff Bezos, is to build its all-new BE-4 rocket engine at Cummings Research Park, at ‘Rocket City’, Huntsville in Alabama. ‘Rocket City’ is the name given to Huntsville and is already home to NASA’s Marshall Space Flight Center as well as the US Army’s Aviation & […]
Iflix has raised $133m valuing the Asian streaming group at more than $600m. The two-year-old company streams in less developed markets across Asia, the Middle East and Africa and says it has doubled its customers, who pay a monthly $2-$3 subscription, in the past six months to around 5.1m. Malaysia-based iflix is backed by Hearst, […]
Inception, a next-generation immersive content network, has announced a $15 million Series A funding round led by RTL Group, the broadcast, content and digital media giant. This investment helps Inception expand its content catalogue, enhance its technology platform and accelerate growth. Consumers can discover and experience VR content on Inception’s app – original programming created […]