In the latest addition to its media for equity portfolio, the UK s leading commercial broadcaster ITV has concluded an investment in Nineteen21 Limited, which t.
The broadcaster said it has acquired a stake worth £1.25mln in the site, which allows UK households to save money on their bills through their current.
Carolyn McCall, ITV Chief Executive, said: Our H1 results demonstrate that ITV is emerging from the worst effects of the pandemic. We ve continued to implement our key strategic priorities and have further strengthened the business. Total external revenue was up 27% driven by 26% growth in ITV Studios revenue and a 29% increase in total advertising revenue within which total video on demand advertising was up 55%. We are now a more flexible, more efficient and more digital business. We have successfully completed the first phase of our More Than TV strategy and look forward to building on this platform to accelerate our transformation to a digitally led media and entertainment company.
Deals of the week May 4 to May 7 – a GrowthBusiness roundup 7 May 2021
Growth Business roundup of Deals of the Week, May 4 to May 7, listing seed funding, venture capital and crowdfunding deals of note
Octopus wraps around £8m insurtech Series A
Octopus Ventures has a led a £8m Series A round for Sprout.ai, the insurtech which enables insurers to settle claims within 24 hours. Other investors in the round were Amadeus Capital Partners, Playfair Capital and Techstars. Sprout.ai clients include insurance giant Zurich.
Fixr boogies with £6.5m investment
Fixr, the digital events and ticketing platform, has raised £6.5m from investors for its white-label advance ticketing service. Investors include FSE Group, Armajaro Holdings, Smith & Williamson and Carlisle Commerce Group. Rekom UK, Britain’s biggest nightclub operator in terms of floorspace, has signed up for Fixr’s ticketing solution as the country prepares for nightclubs to reopen.
ITV eyes 90% advertising bounce-back in June
Euro 2020 and Love Island s return are boosting a strong late-pandemic rebound.
by Omar Oakes
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