Tuesday, February 10, 2015

2.10.15

Entertainment:
·         SNL turns 40 this week, please see below for an article on the biggest blunders they’ve made over the years
·         Deezer is rolling out a high-definition version of its service, called Deezer Elite, globally, initially in partnership with audio equipment company Sonos.
·         Grapevine, which pairs social stars with brands, just raised $1.1MM in seed funding
·         Hollywood-based 3D and visual effects studio Legend3D is getting into the virtual reality business, saying this morning that it has opened up a brand new Virtual Reality division
·         Los Angeles-based 3D theater projection company RealD said that it has started a process to review "strategic alternatives" for the company, and hired investment banking firm Moelis & Company
·         Trust for Brian Williams, one of the most popular news anchor in America, has plummeted in one week after he admitted to embellishing a story from his war coverage.
·         Ben Stiller is attached to executive produce and direct multiple episodes of ‘Super Sad True Love Story’, an hourlong dramedy in the works atMRC
·         The Paley Center for Media announced its first batch of panels for PaleyFest 2015
·         Saudi Prince Al Waleed Bin Talal’s Al Arab news channel has been shut permanently by Bahraini authorities after only a single day of broadcasting
·         The indie production and film finance team behind ‘Whiplash’ and ‘Nigthcrawler’ said today that it is opening a London office and has brought in a quartet of senior executives
·         The big online-video companies Machinima and Collective Digital Studio filed federal lawsuits today against Freeplay Music LLC, a site that provides backing music for video creators
·         Sky has won five of seven TV rights packages for soccer games in the English Premier League, with BT, formerly known as British Telecom, and Discovery Communications and its Eurosport network also competing for rights in a deal worth $7.8B overall
·         In a reboot of the “Spider-Man” franchise, Sony Pictures Entertainment has announced a new partnership with Marvel Studios that brings the popular superhero into the Marvel universe
·         Coke and General Motors have returned as advertisers in ABC’s Academy Awards telecast after an absence - Netflix, Comcast and Disney are also among the marketers ponying up around $2MM  for a 30-second blurb in the Feb. 22 live Oscarcast
·         Guy Hands, the man who was inadvertently responsible for the dissolution of EMI, is back, with a $1.1B "war chest," as the Independent reports, at his disposal.
·         Please see below for an article on how sports is driving mobile video consumption
Tech:
·         Please see below for an interesting article on how Amazon Prime is one of the most bizarre and good business ideas ever
·         Scribd has unveiled its “Netflix for Comics” version of the service
·         Newsweek’s Twitter account was hacked today by a group calling itself Cyber Caliphate
·         Prezi wants in on the consumer ‘video’ sharing trend and has taken the same dynamic zooming tech used to spruce up Prezi presentations, and has created a new app called Nutshell
·         ScreenPop, which grew to 15,000 users during two months of beta testing, is designed to allow anyone to send photos, doodles, emoji and more after just a quick swipe on their phone’s locked screen
·         Giveffect, part of Y Combinator’s current cohort, has built a suite of cloud-based software that focuses specifically on the needs of non-profit businesses
·         Facebook’s Internet.org project to provide basic mobile internet services for free just took its biggest step to date after it launched in India
·         Imgur Pro is now free
·         SpaceX is looking to launch its latest mission--the launch of an space weather satellite for the U.S. Air Force--later today, aboard a Falcon 9 rocket
·         Ad tech provider BlackArrow has announced that it will be powering dynamic ad insertion (DAI) in on demand content viewed on connected and mobile devices by Time Warner Cable subscribers
·         Box is launching encryption keys that only you will hold
Deals:
·         Yelp acquired Eat24, a U.S. food delivery business that competes with GrubHub, Delivery.com and others in the area of delivering food on behalf of various restaurants, for $134MM
·         Hem, the Berlin-based home furnishings company created last year by Jason Goldberg as a pivot after his previous online marketplace Fab.com collapsed, has confirmed the acquisition of assets from Discipline.eu, an online design portal based in Italy
·         Los Angeles-based valet parking app developer CurbStand said this morning that it has acquired another, parking app developer, Curby, and will integrate Curby's technology platform into its software
·         Canon of Japan said on Tuesday that it had offered to buy the Swedish security camera maker Axis for $2.8B in cash
·         The Dalian Wanda Group, the Chinese property and entertainment conglomerate, signed an agreement on Tuesday to buy the sports marketing company Infront Sports and Media for $1.2B
Business:
·         IBM’s Watson is now learning Japanese with the help of SoftBank
·         Qualcomm has been fined close to one billion dollars in China after regulators found the U.S. chip-maker guilty of breaching national antitrust regulations
·         GM is facing a new challenge from a group of activist investors - A group of hedge funds — and a former member of the Obama administration’s auto task force, charged with helping the automaker survive bankruptcy protection — is seeking changes at the automaker
·         Kohlberg Kravis Roberts said on Tuesday that its fourth-quarter profit fell 89%, hurt by turmoil in the energy sector.
·         In the final stages of a long-running investigation, the U.S. Department of Justice has recently informed Barclays, JPMorgan, the Royal Bank of Scotland and Citigroup that they must plead guilty to criminal charges that they manipulated the prices of foreign currencies
·         SoftBank reported a sharp drop in its profit for the October-December quarter this morning, weighed down by the continuing struggles at Sprint, the U.S. mobile operator it acquired in 2013
·         Pfizer has struck a $5B accelerated share repurchase deal with Goldman Sachs, as part of its existing share repurchase authorization under which an additional $11B of authority was announced in October
·         Univision reported a loss of $136.2MM for the fourth quarter, compared with a year-ago profit of $172.2MM when a much bigger benefit for income taxes boosted the bottom line
Exec Moves:
·         AwesomenessTV, a digital-focused media company aimed at tween and teen audiences, has hired James Deutch in the newly created position of creative director of branded entertainment
·         Steve Horowitz, a former engineering VP at Motorola and CTO of Coupons.com, is now VP of engineering at Snapchat
Retail:
Startups:
·         Former Surf Air CEO Wade Eyerly Wade Eyerly and his co-founders have started a very similar private flight startup to their last venture - but this time it’s on the East Coast and it’s called Beacon
·         Lamudi, the Rocket Internet-backed online property listings company for emerging markets, has closed a $18MM round of funding aimed at developing its marketshare and revenues worldwide
·         Cinemacraft, a Tokyo-headquartered startup that provides a more innovative alternative to the traditional video embed for publishers and content creators, has closed its $3.9MM Series A round to expand its focus on international markets and product development
·         Bottlenose, which provides solutions for enterprises to identify, anticipate and instigate trends that drive their businesses in real-time, raised $13.4MM in its Series b
·         Team8, which is a cyber “think tank” focused on developing disruptive technologies and launching new cybersecurity companies, raised $18MM in its Series A
Government:
·         U.S. stocks rose modestly on Tuesday on hopes a deal in Greek debt negotiations was drawing closer and on Coca-Cola earnings, but a drop in energy shares served to cap the advance
·         Russia, where energy production provides more than half of state revenue, is preparing for a battle with oil producers over taxing the country’s most vital industry
Other:
·         ‘Ext. Night’ is a new photographic series where Gregg Segal captures the eerie, magical effect Hollywood lights have on the city
·         Miley Cyrus submitted an S&M-themed short film ‘Tongue Tied’ to the NYC Porn Film Festival, which begins Feb. 27
·         In the wake of her death, the family of American Kayla Mueller, held hostage by Islamic State, has released a letter they received from her in the spring of 2014


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