socalTECH

MAY 18, 2018

Santa Barbara-based Sonos , which makes user-friendly, whole home music systems and speakers, has laid off 96 employees, according to multiple reports from Santa Barbara media on Friday. Deails on the layoffs have not been announced by the company, nor reason for the cuts. READ MORE>>.

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Santa Barbara Layoffs Report Media 100

socalTECH

NOVEMBER 6, 2015

Santa Monica-based Demand Media is continuing to see a steep drop in revenues from its content and media efforts, reporting Thursday afternoon that it had $15.9M in revenues from its Content & Media segments, compared with $33.6M The company said the drop came due to traffic declines to eHow and lower ad monetization yields.

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Demand Content eHow Media 100

TechCrunch LA

OCTOBER 19, 2019

Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. Livingston had tweeted that Kik had signed a letter-of-intent with a “great company,” but that it was “not a done deal.”

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Social Network Los Angeles Social Media Blogging 153

socalTECH

NOVEMBER 10, 2022

In more continuing turmoil at Twitter, new owner Elon Musk is reportedly ending the ability to work remotely at the social media company, and is demanding employees put in "at least" 40 hours in person at the office each week. The report--from Bloomberg--said that the new rules kick in immediately.

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Demand Social Media Report Sites 113

Startup Professionals Musings

AUGUST 7, 2020

Even a million users on your social media site won’t pay the bills until you sell some advertising or a premium service. In a larger public company, it’s all about making your quarterly numbers, versus investing in strategic growth alternatives that may not pay off until several quarters later.

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Technical Review Layoffs Social Media Metrics 124

socalTECH

FEBRUARY 5, 2019

The shutdown comes after a reorganization of the digital properties of AT&T, as well as its Otter Media subsidiary. Machinima had been acquired by Warner Bros. in 2016, in a deal then reported as worth less than $100M. READ MORE>>.

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Report Southern California Media Content 127

socalTECH

JANUARY 24, 2013

THQ detailed the sale Wednesday night, saying the company's estate will receive approximately $72M in total through the sales of its owned studios and games in development. Relic Studios goes to Sega Corporation for $26.6M; Volition and Metro: Last Light went to Koch Media GmbH for $22.3M READ MORE>>.

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THQ Sales Agoura Hills Agoura 153