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Todd Spangler NY Digital Editor Semafor, the digital new startup launched last fall, announced that it has raised $19 million in a new financing round, bringing its total raised to $34 million. The New York-based company was co-founded by Ben Smith, previously media columnist for the New York Times and editor in chief of BuzzFeed News, and Justin B. Smith, former CEO of Bloomberg Media Group. (The two are not related.) Semafor said the additional investments are an extension on the same terms of the company’s previous financing round. The new total also takes into account the repurchase of the approximately $10 million in funds from Sam Bankman-Fried, the former CEO of cryptocurrency company FTX whom federal prosecutors have charged with fraud, money laundering and campaign finance offenses. The funding from Bankman-Fried will be returned to FTX creditors as directed by officials, according to Semafor.

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France’s Beleaguered Clermont-Ferrand Short Film Fest Could Get “Exceptional” Government Support Following Sudden Regional Funding Cut

French Culture Minister Rima Abdul Malak has said her ministry is looking at ways to resolve a funding crisis for France’s Clermont-Ferrand International Short Film Festival after its regional support was cut out of the blue earlier this month.

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Claim government funding and improve the energy efficiency of your home with JSJ Foam Insulation

In a typical household, most of the energy used is on heating. In fact, for the average UK household, heating is responsible for over half of each month’s energy bills, according to a report by Energy Saving Trust.

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Brazil Supersizes Film, TV Funding, Unveils New Sao Paulo Rebate (EXCLUSIVE)

John Hopewell Chief International Correspondent Brazil is back. Brazilian President’s Lula Inácio Lula da Silva’s new government, which took office on Jan. 1, looks set to invest just under $1 billion in 2023 into the country’s audiovisual sector. It’s one of the biggest upticks in government film and TV aid in history, and comes after Lula predecessor Jair Bolsonoro slowed state aid to a glacial pace. The new financial injection should turn Brazil into the film and TV powerhouse of Latin America. Brazilian audiovisual secretary Joelma Gonzaga told Variety that regulation of global streaming services operating in Brazil, which foreseeably will introduce quotas for Netflix, Amazon’s Prime Video and other players, is also on Lula’s government agenda.

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Indonesia Launches Funding Scheme For International Co-Productions

Indonesia’s Ministry of Education, Culture, Research and Technology is launching a grant scheme to support co-productions between Indonesian and international filmmakers.

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Billy McFarland has secured funding for Fyre Fest 2.0 and a Broadway musical

Fyre Fest — claims he has secured adequate funds to pay off his debts, launch a new version of the festival, and develop a Broadway musical about the original event.First developed by McFarland six years ago, the botched festival Fyre Fest was originally set to run over two weekends on a private beach in the Bahamas, but was revealed to be fraudulent once punters arrived on the scene, with inadequate conditions and a lack of food and water.The debacle was then captured in the now iconic Netflix documentary FYRE.Following the failure of the festival, McFarland pleaded guilty to multiple counts of fraud and was sentenced to six years in prison. He was released early from his sentence in 2022, after serving four years.In March this year, McFarland laid out his plans to repay the $26million (£20.9million) he owes to investors.

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Singapore Funding Behind Two Cannes Festival Films

Patrick Frater Asia Bureau Chief Funding from Singaporean state sources is involved in two features that make their debut at the Cannes Film Festival this month. A third film, “The Breaking Ice,” is directed by Singapore-born filmmaker Anthony Chen. “We are absolutely thrilled that we have the most number of Made with Singapore films debuting in Cannes this year,” said Justin Ang, assistant chief executive of media, innovation, communications and marketing at Singapore’s InfoComm Media Development Authority.Malaysian-produced “Tiger Stripes,” which will play in the Critics’ Week section, and Vietnamese-made “Inside the Yellow Cocoon Shell,” which will play in the Directors’ Fortnight section, both received cash injections from the Southeast Asia Co-Production Grant under the ‘Media Talent Progression Programme,’ which is backed by the Singapore Film Commission and the IMDA.

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Clermont-Ferrand Short Film Fest Protests Funding Cut Amid Claims Move Is Politically Motivated

France’s Clermont-Ferrand International Short Film Festival, the world’s biggest festival devoted to short films, is protesting an unexpected funding cut, amid claims by politicians that the move is politically motivated.

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BBC Content Chief Charlotte Moore Says Staff Face “Great Jeopardy” Amid Funding Squeeze

The BBC’s content chief has warned that employees face a moment of “great jeopardy” as the British broadcaster wrestles with funding pressures and fierce competition from U.S. streamers.

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Bondit Co-Founders Believe Funding Can Be as Creative As Storytelling

Todd Longwell It is often said that the secret to becoming a successful entrepreneur is finding a need and filling it. When Santa Monica-based BondIt Media Capital launched in 2013, it zeroed in on the deposits productions must leave with SAG-AFTRA, DGA, IATSE and other guilds to ensure that their members get paid in a timely fashion. The company co-founders — CEO Matthew Helderman and COO Luke Taylor — knew from their experience working in the production trenches that these deposits, which sometimes take up to six months to be returned, can create a significant cash flow problem for low-budget projects during principal photography.

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Carer Breathing funding allocated to 11 North Lanarkshire organisations

The second round of funding for Carer Breather services has been allocated to 11 organisations across North Lanarkshire.

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Lanarkshire senior citizens' group hold coronation afternoon tea thanks to Asda Foundation funding

A Lanarkshire group enjoyed a right royal knees-up as they celebrated King Charles III's coronation.

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Oklahoma Governor Defends Move To Eliminate Funding For Public Television Outlet Over LGBTQ Content

Oklahoma Governor Kevin Stitt vetoed funding last week for the state’s public television network, a decision he says was triggered in part by content he has deemed “indoctrination” of children.

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Lanarkshire filmmaker funding big screen showing of his debut feature movie

A creative Lanarkshire filmmaker has decided to take matters into his own hands to see his debut feature flick shown on the big screen.

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NHS Lanarkshire's family education and learning programmes receive £150k funding from Scottish Government

Delivered in partnership with Healthy Valleys, NHS Lanarkshire’s family education and learning programme has received £150,000 of Scottish Government funding to continue working with families to improve their health and wellbeing.

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Calls for more council youth funding following willful fireraising incident

A councillor has called for more funding from the Scottish Government to be dished out to create activities for young people – in the wake of a deliberate blaze in Johnstone.

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Paramount Global Signs First Look Deal With LL Cool J’s Rock The Bells, Leads $15 Million Funding Round

LL Cool J’s Rock The Bells said Paramount Global, along with Raine Ventures and Irving Azoff of Iconic Artists Group, led a $15 million funding round for the hip-hop platform, which has also signed a first look deal with Par.

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Sundance Institute Partners With Templeton Foundation To Boost Funding For Nonfiction Filmmakers, Countering Pessimistic Mood In Doc Field

EXCLUSIVE: Retrenchment by many distribution platforms has made for “highly turbulent times” in the documentary industry, the Sundance Institute acknowledges, but with help from a major foundation it is injecting some much-needed positive news into a field beset by anxiety.

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Good causes urged to apply for funding from East Kilbride Fire Station charity plant sale

East Kilbride firefighters will be raising cash for good causes at their annual charity plant sale next month.

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Housebuilder calls on North Lanarkshire projects and charities to apply for its next round of community funding

A leading homebuilder is calling on local projects, charities and causes across North Lanarkshire to apply for its next round of community funding.

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Cannes Festival Partner Brut Raises Nearly $40 Million From Rodolphe Saadé’s CMA CGM, MoonPay in Fourth Funding Round

Elsa Keslassy International Correspondent Brut, the influential digital media publisher which became one of the main partners for the Cannes Film Festival last year, has just finalized its fourth funding round for approximately $40 million. The company, founded by Guillaume Lacroix, Renaud Le Van Kim and Laurent Lucas six years ago, has enlisted a pair of powerful financial backers: CMA CGM, the world’s third-largest container shipping company owned by billionaire businessman Rodolphe Saadé, which also recently nabbed 10% of France’s second biggest commercial network M6, and the daily newspaper La Provence; and MoonPay, a leading Miami-based financial service company for web3 whose investors include former tennis star Maria Sharapova, as well as Snoop Dogg, Drake and Justin Bieber, among others. Aryeh B. Bourkoff’s LionTree advised the deal with MoonPay.

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