Xilam raises €22.33m for company expansion

Xilam Animation has secured €22.33 million (£19.72 million) after selling some of its shares to investors. Xilam issued 446, 500 new shares for the lump sum, which accounts for 9.09% of the company’s share capital. Marc du Pontavice, chairman, CEO and founder of Xilam, will retain 54.31% of the voting rights in the company. The […]

Bruce Tuchman invests in ‘Netflix of stand up comedy’

Bruce Tuchman, former president of AMC Global and Sundance Channel Global, has invested in NextUp, the stand-up comedy SVOD service, as it sees its latest investment round double. NextUp’s last financial raise saw it valued at £1.5 million (US$2.12 million). The target for the latest funding round on SyndicateRoom was £300,000, and is currently oversubscribed […]

Propagate gains backing from The Raine Group

Indie studio Propagate Content has secured “significant” financial investment from merchant bank The Raine Group. Propagate looks to use the investment to accelerate the company’s growth globally through the launch of innovative new ventures and targeted acquisitions. The studio is looking to expand its worldwide production, distribution and digital businesses, including the formation of a […]

China places restrictions on TV investment

The Chinese government has laid out new rules on overseas investments, which includes new restrictions on film and TV projects. The government set out three new categories of investment, which included banned, restricted and encouraged investments, according to Bloomberg. In a statement, the National Development and Reform Commission of China criticised “irrational” overseas investment in […]

Netflix claims $1.75bn Europe spend

Netflix has launched a European charm offensive, claiming a to-date spend of US$1.75 billion in the continent and announcing it is coproducing three more dramas there. The US-based SVOD service has been criticised for under-investing in Europe, and last year the European Commission unveiled plans that would require it and other streaming services to source […]