Friday, September 19, 2014

9.19.14

Entertainment:
·         Endemol Studios has signed its first overall deal with Byron Balasco
·         ‘The Fault in Our Stars’ is going to cross $300MM in the worldwide box office
·         Screens Entertainment Association has launched a multi-platform event for execs called the ‘Vidify Market and Summit’
·         ‘Maze Runner’ raked in a modest $1.1MM Thursday night
·         CBS has acquired the ‘Supergirl’ script
·         Gov. Jerry Brown has signed off on the $330MM TV/film tax credit legislature
·         Ben Schmidt has launched a new charting tool that lets users search for how often a character has said any word in a movie or TV show since 1930
Tech:
·         Please see below for an episode of ‘Incubated’ that showcases Los Angeles’ MuckerLabs Accelerator
·         Yahoo! to close its San Diego office and lay off 59 workers
·         Amazon outbid Google in a $4.6MM deal for ‘.buy’ domain
Deals:
·         SAP too acquire Concur, an expense software-maker, at $129 per share giving it an enterprise value of $8.3B
·         Telefonica has acquired Brazil’s Telecom unit GTV from Vivendi for $9.3B in cash and stock
Business:
·         Larry Ellison has stepped down as Oracle’s CEO. His two top executives, Safra Catz and Mark Hurd, will jointly operate as the new CEO.
·         Alibaba’s IPO opened the NYSE today, making it the biggest US public offering ever
·         Vitamin Shoppe’s shareholders are pushing for the company to be acquired
Exec Moves:
·         Snapchat has poached Nike’s Director of Digital, Eric Toda, to run its sports partnerships business
·         Andrew Swain, the CFO of Airbnb, has left the company
·         Alexa Platt returns to Open Road Films after her stint at AwesomenessTV
·         Twitter has named Kristine Stewart as VP of North American Media Partnerships
Retail:
Startups:
·         Shippo raises $2MM to provide a shipping API for e-commerce businesses
·         Gem, a Venice based Bitcoin startup that makes it easier the crypto coin easier to use for developers, raises $2MM
·         DroneDeploy, a drone management platform, has raised $2MM in seed from DFJ, AngelPad, Redpoint Ventures, and others
Government:
·         France has begun bombing ISIS in Iraq
·         Scotland voted ‘No’ on gaining independence from the UK
Other:


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