Satellite operator SES has borrowed €300 million from the European Investment Bank (EIB). SES is currently in the middle of a considerable capital-intensive satellite building programme. The full terms of the loan are not revealed but are likely to be highly competitive and are reportedly for seven years. The cash will go towards the procurement […]
Following the emergence of correspondence that suggested such a move was likely, Michelle Donelan, UK Secretary of State for Digital, Culture, Media and Sport (DCMS) has decided not to privatise Channel 4 after reviewing the business case for its sale. The broadcaster will remain in public ownership but with greater commercial flexibility, increased investment in […]
Aerospace manufacturing specialist TISICS has received funding from the UK Space Agency to develop demisable launcher components that will reduce the risk of damage to spacecraft by space debris, whilst reducing the processing time and materials waste experienced from current HPV-liner manufacturing. According to the Government’s National Space Strategy, published in 2021, the UK’s space […]
SpaceX has raised a reported $750 million (€706.7m) in a new funding round. The move values the business at a spectacular $137 billion. The new cash has come from a series of investors, reports CNBC, including private equity venture capital outfit Andreessen-Horowitz, which was founded by Marc Andreessen and Ben Horowitz. As at April 2022, […]
French public funding body Centre national du cinéma et de l’image animée (CNC) has announced the extension of its financial support to French and European producers, established in France and working with foreign channels and platforms in genres such as drama, animation, documentary and live shows. As of January 2022, content producers such as Disney, […]
NewSpace Capital, a space-focused private equity firm based in Luxembourg, says it has reached an important milestone with its first closing of over €100 million in funding to instil a strong growth momentum in the New Space sector. The company says it is the first global space fund focusing on the growth stage of space […]
More than four in ten UK homes can now access faster, more reliable Internet connections, as the rollout of full-fibre technology continues at record pace. Ofcom’s annual Connected Nations report, which measures the availability of broadband and mobile services across the UK, found that full-fibre connections are now available to 12.4 million households (42 per […]
The UK Space Agency has invested in 13 early-stage projects across England, Scotland and Wales and designed to support the satellite launch sector. The overall investment is a modest £2.7 million ($3.3m) and comes from the Space Agency’s newly-formed Launch UK Technology Investment Programme and which will support teams from industry and universities to develop […]
The BBC’s key digital products are performing well, according to the National Audit Office (NAO), the body that scrutinises public spending for the UK Parliament. To achieve its digital ambitions, the BBC will need to further develop its ‘digital-first’ plans, and consider whether it has sufficient resources to deliver its vision, says the NAO in […]
Former CNN CEO Jeff Zucker, RedBird Capital Partners and International Media Investments (IMI) have partnered to create RedBird IMI, a joint venture investment vehicle focused on acquiring and investing in large scale media, entertainment and sports content properties on a global basis. RedBird IMI launches with initial committed capital of $1 billion (€931m). Zucker is […]