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Loop Media Unveils Streaming Media Service, Backed By $10M In Funding

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The startup--which says it has been in "stealth" mode for over two years--says it is backed by $10M in seed funding. That funding came from angel investor Dianne Berry plus other private investors from California, Tennessee and Florida. The company says it plans to launch its service later this year.

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Riot Games Commits $10M To Minority Owned Game Studio Investments

socalTECH

Los Angeles-based Riot Games is looking to help patch up rocky race relationships in the United States, saying over the weekend that it will invest $10M in minority-owned game studios, in addition to providing $1M to the Innocence Project and the ACLU (American Civil Liberties Union), via is Social Impact Fund. READ MORE>>.

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FabFitFun surpasses $200 million in revenue as it hits million-subscriber milestone

TechCrunch LA

At least one million people will be receiving the next FabFitFun box as the Los Angeles company surpasses $200 million in revenue and continues its run as one of the startups to watch in the Los Angeles tech community. . ” With all of that, replenishment is not a focus for the company at the moment.

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Video Game Maker Pulls In More Than $1.9M On Kickstarter

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Think you need to find a venture capitalist or angel investor to help you fund your great new idea for a videogame? A Newport Beach-based videogame publishing firm, inXile , has just raised $1.9M (and counting) in funding on the crowdfunding site Kickstarter, for their new game, Torment: Tides of Numenera. Think again.

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Maestro nets $15 million for its interactive commerce, community and engagement tools for livestreams

TechCrunch LA

Making money on livestreams has never been easier thanks to a suite of tools from the Los Angeles-based startup Maestro , which just nabbed $15 million in financing to grow its business. But what started in the gaming world quickly spun out as the company slashed prices to $500 per month for its services.

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Gaikai In Licensing Deal With EA

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Los Angeles-based cloud-based videogame streaming firm Gaikai said Thursday that it has inked a multi-year, licensing deal with Electronic Arts. The games included in the deal include The Sims, The Battlefield: Bad Company Series, Dragon Age Series, Mass Effect Series, Medal of Honor and Need for Speed. READ MORE>>.

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Titan Gaming Taps Pierce, McCurdy For Board

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Los Angeles-based Titan Gaming , the online gaming technology firm backed by the who's who of Southern California's angel investors, said today that it has added EA's Keith McCurdy and Affinity Media's Brock Pierce to its board, as well as appointed a number of executives. On the executive side, Titan said it has hired David D.