The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Digital Media Investment Accelerating In ‘07; Video Attracts Lion’s Share

  • Comments Comments (View)
  • Text Size: A A

More money has been invested in European media and tech outfits so far this year than throughout the whole of 2006, a new report from innovation data gatherer Library House shows.

SEE ALSO: US/Europe Tech Investment Gulf Widening: Report

Whilst media/tech investment through 2006 was £487.3 million (11 percent of all venture capital investments), it had already reached £498.9 million by Q3 this year (up to 17 percent of all VC). Q2 was the most fertile in the period with £219.6 million invested (over 20 percent of all Euro VC). The figures also include Israel.

- Video: As consumer broadband quickens, a fifth of all ventures funded since January 2006 are in the video space - but they pulled in 44 percent of investments made to content and services companies (£205 million) - a fifth of all media/tech funding. Deals included £21.6 million to Dailymotion and £22.6 million to Joost.

- UK: Britain has attracted a full third of all the £995.6 million invested in European media/tech companies since the start of 2006. France, in second place, pulled in £158.8 million.

- Advertising: Library House points to Internet Advertising Bureau figures illustrating “massive shift in advertising spend away from traditional media ... and into digital” - UK online ad spend of £1.3 billion in the first half of 2007 was up 41 percent annually, with online now accounting for 15 percent of advertising spend.

Nov 20, 2007 4:18 AM ET

Posted In: Money, M&A & Venture Capital, Venture Capital

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

Barnes & Noble (Paid) Barnes & Noble (Paid)
1. An Amish Wedding
2. The Hunger Games (Hunger Games Series…
3. Practical Magic
4. Catching Fire (Hunger Games Series…
5. The Double Comfort Safari Club (No.…
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff