Friday, October 10, 2014

10.10.14

Entertainment:
·         Katy Perry will perform at the Super Bowl halftime show, but refuses to pay the NFL to do so
·         Fox and Apollo Global Management forge a partnership to manage Endemol, Shine Group, and Core Media
·         AMC is abandoning nearly all its unscripted series with a renewed emphasis on rebuilding its scripted portfolio
·         China’s entertainment industry regulator has barred the screening of films and TV shows that include talent that has been arrested for drug use, prostitution or gambling
·         San Francisco 49ers quarterback Colin Kaepernick received a $10,000 fine for wearing the wrong brand of headphones (Beats) to a post-game press conference
·         A state legislator is proposing tax credits for music production in New York similar to the credits that have been provided for film and television production
·         Deezer has agreed to a deal with Vodacom, South Africa’s largest mobile telephone network
·         Spain's Orange TV app is to arrive on Samsung smart TVs, aiming to draw more subs to its multiscreen pay-TV platform
Tech:
·         Amazon to open a brick-and-mortar location across from the Empire State Building in time for the holiday shopping season
·         Zeiss has built a $99 virtual reality headset called the VR One
·         Wahanda, the hair and beauty marketplace, has acquired Salonmeister, its German equivalent, and raised a further $26MM in growth-funding
·         Tesla has rolled out its new model D
·         Allegedly, 200,000 Snapchat photos are going to be leaked after a third-party app used to save people’s otherwise-disappearing pictures got hacked
·         Please see below for an interesting article on the ‘key to raising your seed extension round’
·         Virtual reality meetups are now becoming commonplace
·         San Diego-based music streaming service Slacker has rolled out a new ringtone service for customers of Verizon Wireless
·         Apple is pulling Bose audio products off of its shelves
·         Verizon is planning to sell Sony’s flagship phone the Xperia Z3 for $199
Deals:
·         Box has acquired Y Combinator-backed MedXT, a firm that provides a cloud-based file storage system for medical imaging
·         Dave & Buster’s Entertainment, the restaurant and arcade chain, is set to make its public market debut after eight years of private ownership and prices its stock at $16 a share for a valuation of $625.4MM
Business:
·         Blackstone plans to spin off its advisory business
·         Starboard Value LP, the activist investor company, is expected to unseat the entire board of Darden Restaurants, the owner of Olive Garden
Exec Moves:
Retail:
Startups:
Government:
·         Teledyne Technologies, which develops electronics instrumentation, digital imaging products, aerospace, defense, systems, and a wide range of other products and services, has scored a $9.9M contract from the U.S. Navy
Other:
·         The developer of Noah's Ark-based theme park in Kentucky said on Wednesday he would fight for his religious rights after state officials warned he could lose millions in potential tax credits if he hires only people who believe in the biblical flood
·         A US Airways passenger made a joke about having Ebola, and a Hazmat team showed up
·         Malala Yousafzai has won the Nobel Peace Prize, along with Indian child-rights activist Kailash Satyarthi


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