Entertainment:
·
Lionsgate Premiere will handle up to 15 releases a year,
targeting young audiences at theaters and digital outlets, the studio says this
morning
·
Starz officially launches Starz Play Arabia, its subscription
online video service across 17 countries in the Middle East, on April 2
·
STX Entertainment today officially sealed a deal with China's
largest privately held film firm, Huayi Brothers Media Corp, in a three-year
pact that begins in 2016 for 12-15 projects per year
o
http://variety.com/2015/biz/asia/chinas-huayi-bros-approves-deal-with-robert-simonds-stx-1201464047/
·
T Group Productions is forming a co-production partnership
with Canadian producers Jay Kovitz and Matthew Kershaw and their company
Interior Day Entertainment
·
On the heels of the bombshell move of five top CAA comedy
agents to UTA earlier today, three of their colleagues at CAA — agents John
Sacks, Susie Fox and Joanna Scott — have followed them. CAA will take legal
action against the defectors
·
Unlicensed foreign films and TV series are to be removed from
China's powerful online video platforms beginning today
·
Barwin Tv Media and the European Television Guild have
expanded their existing relationship to further enhance their expertise in the
international distribution and marketing of television channels
·
Calling itself one of the video industry's best kept secrets
for the last five years, V-Nova has publicly released a number of video
compression products based on its PERSEUS technology.
Tech:
·
Google has invented a device, Asus Chromebit, that if you plug
it into an LCD display or a TV, you can run the sort of software you typically
run on a personal computer, from word processors and spreadsheets and email to
online video
·
JD.com, a smaller but still formidable rival to Alibaba, is
branching out into crowdfunding for startups
·
For the first time, children under 13 are allowed to have an
official presence on Facebook
·
Microsoft today announced that it will consolidate its Visual
Studio Premium and Ultimate offerings for enterprises into a single product
once it launches Visual Studio 2015 later this year
·
Yesterday Sprinklr announced it raised $46MM in series E
funding and a partnership with SAP hybris - today the company is sharing
additional details about the partnership, which integrates social context with
commerce
·
Action camera maker GoPro has obtained a patent for a
cube-shaped “housing” to hold and give users access to a cube-shaped camera
Deals:
·
Etsy, the online craft marketplace,
will kick off its IPO roadshow today, offering 16.67M shares with the hopes of
raising almost $267MM
·
Web hosting company GoDaddy is going
strong in its first day as a public company – raising $460MM in its IPO
·
Rubicon Project said it will pay
approximately $122MM for Chango, primarily in stock
·
The Macerich Company rejected a
sweetened bid from Simon Property Group, which had valued the company at $23.2B,
including debt
·
Veteran Hollywood executives Harry
Sloan and Jeff Sagansky have closed a deal for Indian pay-TV service provider
Videocon d2h to complete its initial listing on the NASDAQ Global Select Market
Business:
·
Los Angeles-based online, real estate crowdfunding site Asset
Avenue has upped its funding to $4.0M, according to a recent regulatory filing
by the firm
·
See below for an interesting article on the rise and fall of
Drexel Burnham
·
Wall Street noticed the stronger-than-expected box office
sales in the first three months of 2015: Investors favored exhibition companies
in an otherwise uninspiring quarter for media stocks
·
The German media group Bertelsmann increased revenues and its
operating income to the highest levels in seven years
·
Sprint has agreed to a $131MM settlement of a class-action
lawsuit accusing the third-largest U.S. wireless carrier of defrauding
investors about problems dating back to its $36B merger with Nextel
Communications in 2005
·
A plan to salvage RadioShack’s business by co-branding most of
its 1,740 surviving stores with cellular phone provider Sprint earned U.S.
bankruptcy court approval on Tuesday, ending four days of contested court
hearings
Exec Moves:
·
Fender Musical Instruments Corp.
continues to search for a new CEO a year after installing interim CEO Scott
Gilbertson.
Startups:
·
Panoply is a crowdsourced social
networking website for improving mental health
·
Noom offers smartphone apps that promote
healthy living by monitoring the progress of its users, and providing advice on
weight management, raised $16.1MM in its Series B
·
SalesLoft, which is the simplest way
on the internet to build accurate and targeted lists of propects, raised
$10.2MM in its Series A
Government:
·
China has welcomed Taiwan's decision to apply to join the
Asian Infrastructure Investment Bank, said Taiwan Affairs Office spokesman Ma
Xiaoguang this morning
·
Russia's economy will continue on its downward trajectory for
the next five years, warned the country's former finance minister at a round
table discussion on Tuesday
·
Billionaire investor Warren Buffett said the euro region could
withstand Greece’s departure from the currency union
·
Arkansas Gov. Asa Hutchinson said Wednesday he would not sign
the Religious Freedom Restoration Act passed by the Republican legislature
Tuesday as it's currently construed
Other:
·
Mexican state-run oil company Pemex said on Wednesday it had
evacuated around 300 workers after a fire broke out on an oil platform in the
Gulf of Mexico, with local emergency services reporting that at least 45 people
were injured
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