Motive TV secures new funding

The UK based production company, Motive Television Group, has raised £400,000 so that it can concentrate on the development of its digital terrestrial technology (DTT) business.

The money was raised though the issuing of two hundred million shares at a price of just 0.2p each.

This will give Motive Television Group around £384,000 to put into the development of DTT and into the marketing of its products and services too.

Motive Television Group, which is a large group of smaller companies, is not free from problems.

Only last week the administrators were called in to the Manchester based indie producer, Scarlet Television.

At the same time Motive Television Group is looking for buyers for two of its other businesses, Brown Eyed Boy and Motive Television.

It would seem that the company is not out of the woods just yet.

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