Media Investment | Business
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In what will boost its next phase of growth, CuriosityStream, the factual streaming service launched by Discovery Channel founder John Hendricks, has gained a new $140 million line of funding.

Recently-formed media and entertainment (M&E) company Rainshine Entertainment has made its first three investments in entertainment firms across the content spectrum.

The Australian federal government agency charged with supporting screen development, production and promotion, Screen Australia, has announced new story development funding for six feature films, four television dramas and two online series.

Expanding its offer outside stage and theatre and into the world of sport, entertainment marketing communications group reach4entertainment enterprises has signed an agreement to acquire 50% of the issued share capital of Buzz 16 Productions.

Multi-genre content producer and distributor Kew Media Group has purchased the option to acquire a controlling stake in newly-formed Scottish production company Two Rivers Media.

As it gains momentum following launch last autumn, independent video software provider Synamedia has revealed that leading European pay-TV firm Sky has taken a stake in the business, joining majority shareholder the Permira funds.