Thursday, February 12, 2015

2.12.15

Entertainment:
·         Amazon today announced that its Fire TV streaming set-top box and HDMI stick now support Sling TV, the subscription-based live TV service that offers users an alternative to cable that streams via the web for $20 per month
·         Line has announced its first investment from the LINE Life Global Gateway Fund – they’re putting an undisclosed amount of money into 3Minute, a Japanese online video production startup
·         Warner Bros., DC Entertainment, and cloud graphics firm Otoy are showing off a new kind of immersive virtual reality experience today dubbed “holographic video”
·         Amazon Studios is bringing back ‘Sigmund and the Sea Monsters’ the 1970's children's television series
·         Paramount Home Entertainment has agreed to let Universal Pictures Home Entertainment distribute its DVD and Blu-ray discs in overseas markets where Paramount has an office
·         New Form Digital – the hybrid video-production company whose backers include Discovery, Brian Grazer and Ron Howard – announced a second incubator series today, commissioning short films from 10 online creators
·         Discovery has renewed its carriage deal with Cablevision, but Comcast awaits
·         HBO CEO Richard Plepler on Wednesday lauded a subscription VOD deal that the Time Warner-owned premium network struck last year with Amazon Prime covering older shows, while Jeff Bewkes, the CEO of parent company Time Warner, outlined how his team wants to win back cord-cutters
·         FremantleMedia said on Thursday that it was taking a 25% stake in Corona TV, a newly created TV production company from filmmaking duo Richard Johns and Rupert Jermyn
·         Six days after stepping down as co-chairman of Sony Pictures Entertainment, Amy Pascal broke her silence on Wednesday at the Women in the World conference in San Francisco during a candid interview with journalist Tina Brown
·         As it looks to grow its viewership of the upcoming “WrestleMania” pay-per-view next month, WWE has locked down new distribution deals for its WWE Network in Canada and the Middle East
·         The Backstreet Boys tour will play arenas in four Australian cities, beginning May 8 in Melbourne
·         Buy three months of Sling TV and get a free Amazon or Roku streaming stick
·         The UK's Ultra HD market is about to enter a rapid and significant growth phase according to research from GfK
·         A strong performance from HBO, thanks in the main to the mega-popular ‘Game of Thrones’ and ‘True Detective’, was a key driver in a strong fiscal 2014, revenue-wise at least, for Time Warner
Tech:
·         Lego X, which uses networked plastic bricks to build 3-D project files, comes from the same team of designers behind Gravity Sketch - the Oculus Rift program that lets you draw in 3-D using augmented reality
·         Pinterest is teaming up with Apple on a new product called App Pins, which will allow the company’s users to pin apps to their Pinterest boards just like they would an apple cobbler recipe
·         ESPN fans will be happy to learn that today the “worldwide leader in sports” is introducing the first version of its mobile news app that will work on iPad, unifying the reading experience across desktop, smartphone, and now Apple tablets
·         Kantar, the research division of advertising giant WPP, has entered into a global alliance with comScore, the company that measures traffic and other audience metrics of online and mobile properties
·         Alibaba is continuing to build its portfolio of software services, with DingTalk, a collaboration and messaging app for small-to-medium sized businesses
·         Facebook revealed the final piece in its scalable data redesign today, one that completes its vision of redefining traditional hardware and software to make it more flexible to meet the needs of Facebook’s scale
·         Slack passes 500K daily users and 135K paying customers in time for its first birthday
·         SpaceX said yesterday that it successfully "soft" landed its first booster stage for its Falcon rocket in the ocean, landing vertically and within 10 meters of its target.
·         Activist investor and major Apple shareholder Carl Icahn announced that the iPhone maker's stock should be trading at $216, just four months after setting a $203 target in an open letter four months ago
·         Elon Musk’s Hyperloop startup has a dream team and $8.5MM in funding
·         Facebook has introduced a relevance score for ads this week
·         Please see below for an interesting article on how Apple’s App Store rankings are manipulated
Deals:
·         Twitter has agreed to acquire Niche, a startup that facilitates advertising deals for social media stars, for around $30MM
·         Social marketing company Insightpool has acquired a startup called Next Principles
·         Expedia announced an agreement to acquire Orbitz for $1.6B— or $12 per share — in cash, a premium of 29% on Orbitz’s current share price
·         Microsoft is buying the mobile productivity reputation it seemed disinclined to build for itself for so many years, and the latest addition to the roster is Sunrise, the calendar app
Business:
·         Electric car manufacturer Tesla reported earnings today following the bell, including $1.1B in non-GAAP revenue, and an adjusted loss per share of $0.13. On a GAAP basis, using normal accounting methods, Tesla had a wider loss of 86 cents per share, and revenue of $957MM
·         Yahoo’s plan for a tax-free spinoff of its stake in Alibaba looks logical, but a Reuters Breakingviews calculator suggests that investors are attaching a 34% discount to the company’s Alibaba shares – assuming, that is, Yahoo’s core business is worth something
·         "Cisco is not just back, it’s back with a vengeance," said chief executive John Chambers, after the company reported impressive FQ2 results following five straight quarters of slumping profit and sluggish sales
·         South Korea’s Fair Trade Commission is now investigating Qualcomm, adding to the antitrust woes of the U.S. chipmaker following a record $975MM fine it agreed to pay China earlier this week
Exec Moves:
·         Viacom International Media Networks exec, William Tan, has been appointed Managing Director of Endemol Shine China
·         Vice Media said Ellis Jones has been named Vice Magazine’s editor-in-chief — following the resignation of EIC Rocco Castoro — and appointed Alex Miller, who previously oversaw the company’s U.K. content, to the position of global head of content
Retail:
Startups:
·         Jet, the premier e-commerce company offering users a premium browsing experience, raised $140MM in a convertible note from Google, Goldman Sachs, Bain, Accel Partners, and more (valuation is pegged at $600MM)
Government:
·         The International Monetary Fund is “very close” to an agreement to bail out Ukraine’s war-damaged economy, Managing Director Christine Lagarde said

Other:

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