Thursday, October 9, 2014

10.9.14

Entertainment:
·         Jack White to reissue a special box that contains ‘The Rise & Fall Of Paramount Records Volume 2, 1928-1932’ on November 18th
·         Smart remote software maker, Peel, has closed $50MM in funding from Alibaba
·         Barry Diller’s IAC may acquire DramaFever, a Web video service that specializes in Korean movies and TV shows
·         Digital-video company Jukin Media has raised $1.2MM in funding from Bertelsmann Digital Media, Peter Guber, and Machinima founder Allen DeBevoise
·         QED International CEO Bill Block and PalmStar Media Capital CEO Kevin Frakes have teamed with Merced Capital L.P. to launch Merced Media, a new development, production and financing vehicle they said will invest $500MM in a three- to five-year program of pictures
·         Universal Cable Productions signs a first look deal with BenderSpink for comedy films
·         Joseph Gordon Levitt to star as Edward Snowden in Oliver Stone’s next film
·         China's film/TV production and distribution company, Huace Film & TV, is about to become the second-largest shareholder in the top South Korean film distributor, Next Entertainment World
·         Live Nation and Nederlander/AEG to be in a bidding war today to run the Greek Theatre
·         Please see below for an article on why Hollywood is producing remakes – bankability
·         Please see below for an article on why digital content creators are making/selling merchandise
·         Sony Pictures Television and OTT platform Claro Video have announced a distribution agreement for the Outlander series throughout Latin America from 2015
Tech:
·         Facebook’s Head of Global Diversity wants to fix the gender issue in tech by partnering with Code.org which teaches kids how to code
·         Google has rolled out a new iPhone app called Primer, aimed at teaching startups the fundamentals of marketing
·         AmpAudio is making an iPhone case for audiophiles
·         Google’s Conversational Search has added OpenTable integration
·         Imgur is introducing an updated GIF format today that eliminates lagging, and lets you share animated GIFs on Facebook and Twitter
·         Myspace has partnered with Vevo in a music distribution deal
·         Unsurprisingly, Snapchat’s Even Spiegel confirms it will roll out ads in the near future
·         Skype's new design on Windows and Mac focuses on messaging
Deals:
·         Endo International agreed on Thursday to acquire Auxilium Pharmaceuticals for $2.6B including debt in the latest deal to reshape the drug industry
·         Funds advised by Apax Partners have agreed to acquire the outstanding shares of the Dutch business-software maker Exact Holding for about $925MM in cash
Business:
·         Carl Icahn urged Apple to buy back shares of Apple stock as he thinks the company is undervalued
·         Please see below for Apple’s response, stating that it has returned $74B
·         London-based video ad tech provider Videoplaza has launched Konnect, a supply side programmatic platform intended for broadcasters and other premium content
Exec Moves:
·         Vivian Schiller is stepping down as Twitter’s Head of News
·         Trevor Rose was promoted to SVP of Talent and Series Development at VH1
Retail:
·         Glenn Murphy will step down next year as CEO of The Gap where he reversed a long-running sales slump
Startups:
·         Snowball, a new app launching today, serves as a universal inbox for your mobile messaging apps
·         Truecaller is an online collaborative global phone directory that just raised $60MM in its Series C from Kleiner Perkins, Sequoia Capital, and others
Government:
Other:
·         Expect heavy traffic today and tomorrow as Obama is in town

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