Atmosphere, a specialist in streaming TV entertainment for businesses, has announced a new $65 million (€60.7m) Series D funding round, led by Sageview Capital, Valor Equity Partners and S3 Ventures. This newest round of funding follows an $80 million Series C financing led by Sageview Capital completed in December 2021. Atmosphere’s announcement comes as the […]
AudioUK, the trade body for independent audio production companies and Radiocentre, the trade organisation for commercial radio, have welcomed the publication of the formal evaluation of the Audio Content Fund (ACF). The ACF is a pilot scheme which was given three years’ worth of grant funding, at £1 million (€1.12m) per year between 2019 and […]
French space mobility company Exotrail has raised an additional $58 million (€53.9m) in a Series B cash-raising exercise. The funds raised will help develop: – the scale-up of Exotrail’s known products: spaceware space-proven electric propulsion systems and spacestudio mission design software; – the introduction and growth of Exotrail’s new products: spacetower operations software and its […]
UKTV has invested in the UK biography-writing service, StoryTerrace, via its multi-million pound investment fund, UKTV Ventures. StoryTerrace matches ordinary people with a professional ghost-writer to turn their life story into a beautiful book. The company has documented thousands of life stories with a network of over 600 professional ghost-writers globally, many of which have […]
Sir Richard Branson’s Virgin Orbit satellite launch business has raised a financial stop-gap of $10 million (€9.1m), according to a filing with the US Securities & Exchange Commission (SEC) on January 30th. The cash comes from a sister – but separate – company, Virgin Investments Limited (VIL), the investment arm of the Branson’s Virgin Group. […]
UK-based Stratospheric Platforms Limited (SPL) has received investment from PT Profesional Telekomunikasi, a telecommunication infrastructure company in Indonesia. SPL seeks to provide high bandwidth telecoms network coverage from the stratosphere using hydrogen-powered High Altitude Platforms (HAPS) delivered by unmanned aircraft. This strategic partnership and investment will enable SPL to explore with Protelindo development of an […]
The UK Space Agency has announced £50 million (€56.7m) of funding for innovative projects that aim to “supercharge” the UK’s satellite communications industry. The funding, which comes as part of the European Space Agency’s (ESA) Advanced Research in Telecommunications Services (ARTES) programme, is available for a wide range of projects, such as developing new satellite […]
ITV has announced a further investment in data technology company InfoSum, increasing ITV’s investment by 50 per cent of its original amount. The investment comes following the announcement of the launch of Planet V 2.0, the newly updated version of ITV’s premium advanced advertising platform, and the launch of the new Matchmaker advertising product which […]
France Télévisions has announced it is set to pull the plug on streaming service Salto, jointly created with M6 and TF1, meaning it will close unless a buyer comes forward. After TF1 and M6’s decision to exit the service in November 2022, following the failure of their planned merger, Salto looks set to shut, little […]
The BFI has published the final evaluation findings for the Young Audiences Content Fund (YACF), which concluded its three-year pilot in 2022. The findings from the independent evaluation details the success of the pilot, with 61 new commissions for young audiences supported and 160 development projects backed over the course of the three years. The […]