| 10 May 2021
Cloud-based technology provider Amagi has announced a record increase in annual revenue and other key growth indicators for the fiscal year ending 31 March.
The company saw growth in the areas of channel creation, distribution and monetisation, enabling customers to extend distribution and earn advertising revenue while saving up to 40% in cost of operations compared with traditional delivery models.
Amagi had 136% annual revenue growth, a 44% increase in customers, and a 60% increase in workforce in the US, UK and India to support strong customer growth.
Baskar Subramanian, co-founder and CEO, Amagi, said: “Two big trends in the industry are driving growth for Amagi. First, traditional broadcast TV networks are transitioning to cloud much faster now as multi-dimensional challenges brought forward by the pandemic have put the inherent advantages of virtualisation in the spotlight.
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New U.K. Unscripted TV Fund Launches for Skills Development
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The BBC, Channel 4, Sky, A+E Networks UK and Discovery UK have joined forces with ScreenSkills and Pact to create the Unscripted TV Skills Fund.
The new fund aims to address skills gaps and shortages in unscripted television as it builds a wider pool of off-screen crew and talent in the nations and regions, with a focus on building a more inclusive workforce and future-proofing the industry. Significant upfront funding has been provided by the BBC and Channel 4.
Areas of skills development to be supported by the fund include production management, development, self-shooting skills and postproduction. The new initiative replaces the ScreenSkills TV Skills Fund, which relied on broadcaster contributions alone, and the Indie Training Fund. It aims to raise in the region of £3 million a year by 2024 with contributions by production companies, broadcasters and SVOD services.