Wednesday, October 29, 2014

10.29.14

Entertainment:      
·         BSkyB has invested $7MM into Whistle Sports, a YouTube MCN that focuses on sports videos for young people
·         YouTube is bringing its live broadcasting capabilities to the world of third-party app developers with the launch of the new open source project called “YouTube WatchMe for Android”
·         Amazon buys comedy service Rooftop Media to expand digital content
·         EuropaCorp has been fined in France for financial reporting errors
·         Fox Searchlight has acquired ‘Meet The Man Who Sold His Fate To Investors At $1 A Share’, a Wired magazine article by Joshua Davis that will be crafted into a starring and directing vehicle for Jason Bateman
·         Redbox and Lionsgate have signed a multi-year agreement to bring the distributor’s films to Redbox, which accounts for about 50.6% of physical home-video rental
·         The Los Angeles Department of Recreation and Parks is proposing a 25% increase in film fees to handle the expected flood of new filming requests once the state’s $330MM incentives program kicks in next year
·         Haim Saban has joined forces with filmmaker Chris Columbus, producer Michael Barnathan and kids entertainment specialist Jeremy Zag to launch a new animation studio
·         Univision, led by CEO Randy Falco, said quarterly revenue increased 5.2% to $728.9MM driven by gains in TV and digital and he also mentioned the possibility of a streaming service
·         Marvel has announced potential new franchises, which might include 'Black Panther,' 'Captain Marvel' and 'Inhumans'
·         MTV has acquired the rights to ‘Scream’ to make it a TV show
·         New York will get its first country music festival
·         FCC Chairman Tom Wheeler just proposed a rule change that would require cable and broadcast networks to sell their programming to any company that wants to be a TV provider, not just cable or satellite companies, which would include Apple TV
Tech:
·         Seen.co has secured $1.25MM from Horizon Ventures and KEC to capture live social events
·         Project Ara is Google’s boxy modular cell phone, and the final version of its Spiral 1 prototype is on its way
·         The former Head of Google Wallet has launched a new payment terminal startup called Poynt
·         Tumblr’s auto-playing video ads will begin rolling out to users’ dashboards today, in a pilot program that includes participation from big-name brands such as CW, Lexus, Universal, JCPenney, Hulu and others
·         Reddit has launched its own crowdfunding platform, Redditmade
·         Shares of Facebook may be down 6% following a disappointing outlook, but analysts are shrugging it off, siding with Mark Zuckerberg that higher spending will drive the company’s long-term growth story
·         Hearst, News Corp., and MacMillan Publishing have signed on to Dropbox
Deals:
·         Matomy Media acquired MobFox, an Austrian mobile ad platform, for $17.6MM
·         TPG Capital is said to have hired the investment bank Lazard to sell the Australian gas and electricity retailer Alinta Energy in a deal worth about $3.54B
Business:
·         Twitter has partnered with IBM to let enterprises leverage social data
·         Mobile Internet investment hits record $19.2B — up 232% in last 12 months
·         Please see below for today’s top tech funding stories
·         SpaceX has been thrust into a critical role with NASA, after a catastrophic launch failure and explosion by Orbital Sciences
·         JPMorgan will not be building a new $6.5B HQ in NYC anymore
·         Fiat Chrysler to spin off Ferrari
·         Volkswagen is planning to launch more than 20 pure electric or plug-in hybrid models in China over the next few years
Exec Moves:
·         High Noon Entertainment has tapped former Fox TV Studios exec Jill Schwartz to manage its development team and slate
·         Chris Phillips to be Head of Product at Pandora
Retail:
·         Major retailers aren’t taking up ApplePay because they are a part of the Merchant Customer Exchange, which is making its own payments app – CurrentC
Startups:
·         Cloth is a new fashion-centric social network, and it looks like Instagram
·         Dutch startup Blendle, which is applying a Netflix style marketplace model to journalism, allowing web users of its website to buy individual articles from a range of publishers and publications, has pulled in a $3.8MM Series A
·         Social content aggregation and publishing platform Stackla announced today that it has raised $2MM in new funding
·         Strava, a GPS tracking app for cyclers and runners, just raised $18.5MM to expand its services to try to become the Facebook for athletes
·         Los Angeles-based weeSPIN announced that it has raised a seed investment round for its music-focused, social networking app
·         Abacus, a simple, fast way for businesses to reimburse their employees for company expenses, has raised $3.5MM in seed from a slew of high profile investors
·         Irvine based Seedling, which gives parents and caregivers kid-safe idea development kits with different themes, has raised $7MM in venture capital from Upfront Ventures and Greycroft Partners
Government:
Other:
·         Fireball whiskey has been recalled in Europe for containing higher-than-accepted levels of a chemical found in antifreeze
·         Australia's koalas have chlamydia, now there’s hope for a vaccine


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