Thursday, March 12, 2015

3.12.15

Entertainment:
·         Yahoo and ABC announced this morning an expansion of their partnership first established in 2011, which will see the two companies further integrating each others’ content on their respective properties
·         Steam now boasts more than 1,000 gaming titles for Linux, and therefore, SteamOS.
·         StarMaker, a startup which provides tools to help musical talent create professional videos, earn money, and help build their following, said yesterday that it has raised $5.5MM in a Series B funding round
·         Snapchat is working on media rights deals with NCAA, Turner, and others to feature live sports in its streams
·         $7,212,500 was the exact gross settlement amount revealed yesterday to end the Viacom intern class action litigation first filed by ex-MTV intern Casey Ojeda in August 2013
·         At least 20 to 40 rank and file employees across all divisions of Paramount Pictures have been laid off
·         Universal's Furious 7 is on the fast track to score one of the biggest box office debuts in recent memory when hitting theaters April 3 – expected to open between $110-$115MM
·         Streaming platform Fandor is moving into original content creation by backing 50% of the originating budgets of five short films and raising the remainder by crowdfunding on Kickstarter
·         In the latest example of so-called “traditional” news outlets casting about for audience in new ways, the NBCUniversal-owned MSNBC outlet will produce two daily videos that appear on Facebook before they surface anywhere else
·         CNBC is beefing up its original digital video lineup, as the financial news net looks to grow its Internet-video audience — and capture more bucks from video advertising
·         Nearly two years after acquiring a 50% stake in promoter Insomniac Events, Live Nation continues to expand its electronic dance-music business on both the touring and festival circuits worldwide
·         Beyond penalties of $7.4MM for infringement and a cut of the track's profits ("Blurred Lines" racked up $16MM since its 2013 release), the sting goes much deeper, according to these four attorneys
·         On March 25, Hulu is exclusively premiering a new film called What Lives Inside, directed by two-time Oscar-winner Robert Stromberg, starring recent Oscar winner J.K. Simmons
·         U.S. regulators on Wednesday filed a complaint against satellite television provider DirecTV for what they called deceptive advertising for a 12-month discounted service that did not make it clear consumers’ costs would later rise
·         Subscription video-on-demand services will reach 28.3 million users in China within the next two years as exclusive deals are sealed for premium sports content like the English Premier League, suggests a new report from Pyramid Research
·         More than 20% of adult broadband users that stream video from an online subscription service are doing so with other people's passwords
·         AMC Networks International plans to launch AMC for the first time in Brazil on 1 April.
Tech:
·         Alibaba is in the process of investing $200MM in Snapchat, at a $15B valuation – Prince Alwaleed is in talks to invest in the $500MM round
·         News app Nuzzel is giving users a more topic-based approach to reading the news, through a new feature called Custom Feeds
·         Google Street view is now available in the Mount Everest region
·         Amazon has a new crowd-publishing platform called Write On, which is a direct competitor to Wattpad, the social network with self-publishing authors offering up their content for free, and working together with the community to incorporate feedback into their ongoing work.
·         Medium now lets some publications use their own custom domains
·         Google releases Chrome extension that replaces blank tabs with works of art
Deals:
·         Lyft has closed $530MM in new funding led by Japanese e-commerce giant Rakuten
·         Square has acquired Kili Technology, a Toronto-based startup specializing in silicon, electronic and software design for improvement payment processing
·         ITV, the British television broadcaster and producer, said on Thursday that it had agreed to pay up to 1.1 billion euros, or about $1.2B, for Talpa Media, the Dutch producer of the singing competition show “The Voice”
·         The five-month long auction for Australia’s third-ranked free-to-air broadcaster, Ten Network Holdings, has taken a new turn as top suitors Discovery Communications and Australian pay TV group Foxtel, part owned by Rupert Murdoch's News Corp, submitted a revised, lower bid
Business:
·         Intel loses $5B in stock value as it lowers its Q1 outlook due to weak business PC sales
·         Goldman has contributed $2MM to LaGuardia Community College
·         Richard Branson’s Virgin Group sued by ex-partner who claims the vision for the cruise line was his own
·         United Technologies may split off its Sikorsky Aircraft helicopter unit, and might "discuss steps toward a possible spinoff" at its 2015 investor meeting today
·         Overall, analysts expect all 24 U.S. banks that have taken the test in recent years to increase dividends in 2015
·         A lawsuit against Larry Ellison ’s sailing squad, which has led to the seizure of one of his million-dollar boats, is also revealing how much the Oracle Corp. founder is willing to spend to win the America’s Cup: $300,000 a year for a rank-and-file sailor
Exec Moves:
·         Los Angeles-based venture capital investor Upfront Ventures has hired technology journalist Michael Carney as an Associate
·         John Friedberg, EVP of International Sales and Distribution at QED, has just resigned the company which has been losing or laying executives over the past year
Retail:
Startups:
·         Meet Mapstr, a hybrid map and note taking app that lets you easily bookmark your favorite restaurants, bars and more
·         A startup called VaporChat has raised $1.5MM for its newly launched mobile application which pushes the concept of “ephemeral” messaging further by not only allowing users to un-send text and photos, but also control whether or not message recipients can copy or save the content being shared over its service
·         Today Robinhood is opening up its zero-commission stock trading iOS app to everyone
·         Memebox, which aims to build an online and mobile beauty brand company, that leverages technology to capture consumption trends and effortlessly deliver luxury products, at everyday prices, raised $17.5MM in its Series B
Government:
·         Please see below for an article on how the U.S. diplomatic corps are fully engaged in a battle to beat ISIS with social media
·         Asian shares rose today after South Korea joined twenty four countries across the globe by easing monetary policy in 2015
·         The IMF has approved a bigger bailout for Ukraine, giving Kiev immediate access to $5B of the $17.5B in emergency funding to keep the country afloat
·         NASA reports that its Cassini spacecraft provided “the first clear evidence” that one of Saturn’s moons, Enceladus, may be the site of “hydrothermal activity” similar to that beneath Earth’s oceans
Other:
·         'Swatting' is a dangerous new trend, as pranksters call a SWAT team on an unsuspecting victim while the internet watches – Lil Wayne was recently a victim
·         Terry Pratchett, whose Discworld series of fantasy novels sold over 80 million copies worldwide, has died aged 66 following a lengthy battle with Alzheimer’s disease
·         Two police officers have been shot in Ferguson, Missouri, as tensions escalated overnight
·         Unassuming kid successfully lobs Roger Federer on World Tennis Day

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