Friday, September 26, 2014

9.26.14

Entertainment:
·         MoviePass, a subscription service to make it cheap for movie goers to attend theaters, has raised $2.2MM
·         Fred Seibert has joined forces with Betaworks to create a video technology incubator called Thirty Labs
·         Universal has unveiled the trailer for ‘Blackhat’ starring Chris Hemsworth
·         John Legend has signed an overall deal with Legendary TV
·         Obama has named CAA’s Bryan Lourd to the Kennedy Center Board
·         Mobile First is a new app that aims to help social media celebs make money from their online audiences
·         Endemol Beyond and Tubular Labs have announced a partnership to offer advanced technology to its talent and channel partners
·         Starz launches two episodes of its Lebron James comedy titled ‘Survivor Remorse’
·         YouTube star, Michelle Phan, has launched her own music label in partnership with Cutting Edge Group
·         Denzel Washington’s ‘The Equalizer’ opened to a strong $1.5MM Thursday night
·         Chinese movie ticket sales allegedly rose 43% last year
·         Please see below for a list of new titles coming to Netflix this October
·         Netflix streaming traffic has increased by 350% during the last 10 quarters
Tech:
·         Facebook has tapped Stripe to power its buy button
·         Thom Yorke’s new album is the first ‘paygated’ bundle from BitTorrent
·         RogerVoice is a new app that will help deaf people make their first phone calls
·         SevenVentures Pitch Day offers startups to win €7MM for a 7 minute pitch
·         Tesla has just opened its 200th supercharger station in Oxnard, CA
·         Easel TV has launched an ad engagement platform tool
Deals:
·         Blackhawk Network, a leading pre-paid and payments network, has acquired Parago, a marketing solution company that drives customer acquisition, for $290MM
·         Starboard Value LP, a company that holds a significant stake in Yahoo!, is pushing for Yahoo! to partner with AOL
·         Intel to invest up to $1.5B in two Chinese mobile chipmaker companies
Business:
·         Amazon is diligently working on making its own deliveries
·         Please see below for an article on the current state of venture capital innovation
·         Marc Andreessen went on a tweet storm yesterday ranting about startups’ burn rates
·         Jim Mazzo, AMC’s former CEO, has been indicted over insider trading
·         Activision Blizzard has won its patent lawsuit against Planet Blue
·         KKR has restructured its Asian arm to expand its asset platform
Exec Moves:
·         Bill Gross is leaving PIMCO to join Janus Capital
Retail:
Startups:
·         Nubank, a financial services startup in Brazil, has raised $14.3MM in its Series A from Sequoia Capital and others
Government:
Other:
·         Derek Jeter played his final game at Yankee Stadium yesterday
·         George Clooney will get married in Venice, Italy this weekend
·         At least 850 flights were cancelled by a fire in Chicago’s airport set by a FAA contractor

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