socalTECH
JUNE 9, 2014
GoDaddy , the parent company of Los Angeles premium website hosting service Media Temple , has filed for an IPO--in the process, showing that the company paid $94.48M in cash for Media Temple. The company reported a net loss of $131M for 2013, on revenues of $1.13 READ MORE>>.
socalTECH
MAY 7, 2013
Santa Monica-based online digital media publisher Demand Media keeps on getting bigger and bigger. The company also reported net income of $0.7M for its quarter, which ended March 31, 2013. demand media earnings domain content publishing creativebug' in total revenues, its second $100M plus quarter. READ MORE>>.
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socalTECH
NOVEMBER 11, 2014
Santa Monica-based Demand Media said Monday afternoon that it has lost its CFO, Mel Tang, who the company said will depart at the end of the year. The announcement was made as Demand Media reported its third quarter 2014 results. Demand Media reported $41.3 in revenues for the third quarter, down from $50.7M READ MORE>>.
socalTECH
MAY 1, 2013
According to ACTIVE Network, it has appointed Jon Belmonte, former Chief Media Officer and Chief Operating Officer at the company as interim CEO, and has launched a search for a permanent CEO. Active Network is a provider of online sports registration and other related services.
Tech Zulu Event
SEPTEMBER 12, 2012
New and old interactive companies alike have been wrangling their online communities for panelpicker votes since mid-August when voting commenced for a coveted shot to win a chance to present their vision to a guaranteed crowd of A-List digital and tech influencers that will gather together in Austin, TX the week of March 8, 2013.
Both Sides of the Table
SEPTEMBER 15, 2013
For much of 2013 I watched the press write articles about how the YouTube “MCNs” (multi-channel networks) were doomed and tried to square that with the data I was watching at the one I invested in, Maker Studios, who has had one hell of a year. Selling at smaller retailers will net you fewer customers and higher margins.
Both Sides of the Table
MAY 7, 2013
Our industry just took one big step towards legitimacy with the hiring of renowned media exec Ynon Kreiz to run Maker Studios. You can’t change media consumption patterns easily. My estimate is that the top 5 YouTube networks will do > $200 million net revenue in 2013 (after Google’s share).
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