Wednesday, October 8, 2014

10.8.14

Entertainment:
·         As expected, more than 99% of Comcast shareholders have signed off on the company’s proposal to merge with Time Warner Cable
·         DirecTV has teamed with Alcon Television Group for a drama series project that has been fast-tracked for a straight-to-series order
·         NBCUniversal announced that Robert Greenblatt, chairman of NBC Entertainment, will oversee the company’s live-theater division, Universal Stage Productions
·         WME, ESPN, and other networks have been hit by a class action lawsuit from college football and basketball players
·         Mandalay Sports Media just became the largest shareholder in toy maker OYO Sports, guided in part by a belief that the company can follow rivals such as Lego and Hasbro in blurring the lines between physical and digital play
·         Revolution has acquired Morgan Creek’s library
·         EuropaCorp has inked a non-exclusive TV venture with Slingshot Global Media with the aim of co-developing and co-financing two “globally appealing” projects a year
·         Please see below for an interesting article on the ‘second acts of studio heads’
·         A Parent Media Co., which runs the Kidoodle.TV kids’ subscription video-on-demand service in the U.S. and Canada, announced that it has raised $10 million (Canadian) from angel investors
·         AT&T Mobility reached a $105 million settlement with the FCC, following an investigation into allegations that the company billed customers millions of dollars in unauthorized third-party subscriptions and premium text messaging services
·         Digital rights administrator Audiam has signed Metallica and Red Hot Chili Peppers for an exclusive North American representation of the bands' publishing catalogs across digital music services
Tech:
·         Facebook is working on a standalone app that would allow users to communicate anonymously, similar to existing apps like Whisper and Secret
·         The latest beta of the Apple TV operating software shows that we could be nearing more visible HomeKit features for a smart home hub
·         ‘App Annie’ reports that Google’s Chromecast is the most popular connected device
·         Please see below for an interesting article written by a VC at Upfront Ventures on the LA startup scene
·         Twitter is suing the government for the right to share the requests for user data
·         IBM announced that it is officially opening up its Watson headquarters in Manhattan to serve local startups (among many other uses)
·         Facebook, Box, & Pinterest launch ‘WEST’ mentorship program for women in tech
·         A new dating app called Luxy matches wealthy singles to wealthy singles - it describes itself as “Tinder, minus the poor people”
·         Google is using high-tech mapping to entice people to visit CA Parks
·         San Francisco has legalized AirBnB
Deals:
·         Scripps acquired WeatherSphere, the publisher of 3 of the top 10 weather apps
·         Santa Monica-based Cornerstone OnDemand said that it has agreed to acquire Evolv, a machine learning and data science company based in San Francisco for $44.5MM
·         Valeant Pharmaceuticals and Pershing Square are said to be planning to raise their offer to acquire the Botox maker Allergan to more than $191 a share, or nearly $60B in cash and stock
·         Microsoft has signed a letter of intent to buy Equivio, an Israeli developer of text-analysis software used for corporate/legal e-discovery and information governance applications
Business:
·         UPS has launched a new delivery method in Chicago, whereby customers in the My Choice program pick up packages in designated UPS lockers
·         Symantec is exploring a break off of its companies
·         Please see below for an inside-peak at Lyft’s very pink offices
·         SolarCity will begin offering a new financing option that will allow its customers to claim a solar power federal tax
·         The Staples Center is poised to unveil $7.5 million in renovations to the arena's lighting systems, along with improvements to retractable seating and the team store
Exec Moves:
·         Dot & Bo, the e-commerce site for home furnishings, has added Nancy Tellem to its Board to combine content and commerce
·         Verve Agency has hired the former Manager of TV at Lionsgate, Melissa Darman, as an agent
Retail:
Startups:
·         Azuqua raised $5MM in its Series A for its IFTTT-like cloud connectivity platform
·         Vive, a mobile app that lets you video chat with strangers, raised $1.5MM
·         Truecaller raised $60MM to help you avoid spammers and annoying calls
·         LeadGenius, a sales-acceleration solution that provides companies with an accurate, efficient way to qualify, deliver, and convert leads, raised $6MM in its Series A
Government:
·         Libya’s sovereign wealth fund is suing Goldman over $1.2B worth of derivative transactions the bank designed and executed in 2008
·         The Dallas Ebola patient has died
Other:
·         Prepare for traffic on October 20th as Hilary Clinton’s fundraiser will be in Brentwood


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