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Netflix To Raise $1.5 Billion For Content Acquisition

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Netflix , the provider of online streaming services which has major operations in Los Angeles, is planning to raise $1.5 billion in debt to fund content acquisition, production and development, potential acquisitions and strategic transactions, and other efforts, the company said this morning. READ MORE>>.

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Hollywood Software Acquired By Rentrak

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Los Angeles-based Hollywood Software, Inc. Hollywood Software's products are installed at such studios as 20th Century Fox, Universal Pictures and Lionsgate, according to the companies, with its digital cinema management software being used to manage more than 15,000 screens worldwide. READ MORE>>.

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Netflix Looks To Raise $2 Billion For Content Acquisition, Production

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Netflix , the online streaming movie service operator, is planning to boost its content acquisition and production, via a $2.0 billion debt offering, a move which might benefit the Los Angeles content production industry. Netflix has major content production operations in Los Angeles, along with a significant number of employees.

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Ross Levinsohn Named Head of The Hollywood Reporter

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Ross Levinsohn , the former head of Yahoo and Fox Interactive Media, has just been appointed CEO of Guggenheim Digital Media , the parent firm of The Hollywood Reporter, Billboard, Adweek, and other entertainment focused properties.

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UNest Acquires Kidfund

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North Hollywood-based UNest, a fintech startup backed by Anthos Capital, Draper Dragon, The Artemis Fund, Northwestern Mutual Future Ventures, NBA All Star Baron Davis, and Band of Angels, says this morning that it has acquired Kidfund, the developer of an app which helps parents save money for their kids and which teaches good financial habits.

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Deluxe Buys Sundog Media Toolkit

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Los Angeles-based Deluxe, which provides digital services to the motion picture, television, and digital media industry, said yesterday that it has acquired Sundog Media Toolkit, Ltd., As part of the acquisition, co-founders Richard Welsh (CEO) and Chris Ralph (CTO) have joined Deluxe as senior executives.

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Fandango Buys Quantum Rewards

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Los Angeles-based online and mobile movie ticket service Fandango announced this morning that it is acquiring the business of Quantum Loyalty Solutions , a provider of movie ticket promotions. Financial terms of the acquisition were not announced. Quantum Loyalty Solutions runs movie loyalty points program Hollywood MOvie Money.

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