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Hulu Entertaining At Least Five Bidders, Says Report

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Los Angeles-based video streaming site Hulu is entertaining offers from at least five different bidders, according to a report over the weekend, including one that values Hulu at between $600M to $800M. READ MORE>>. hulu streaming video merger acquisition content hollywood'

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BuzzFeed Ramps Entertainment Coverage In LA

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The intersection of Hollywood and online publishing looks to be helping grow jobs in Los Angeles in the online content area. The latest move in that area comes from online viral content publisher BuzzFeed , which is apparently ramping its operations in Los Angeles, as part of effort by the site to expand into entertainment coverage.

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BeachMint Partners With Olsen Twins On New Site

socalTECH

Los Angeles-based BeachMint has launched the second set of celebrity-focused, social commerce websites today, with the Olsen Twins, Ashley Olsen and Mary-Kate Olsen. According to Dualstar Entertainment Group, the Olsen's lifestyle and brand company, they have partnered with BeachMint to launch StyleMint , an online apparel site.

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HitFix Snags VP From The Hollywood Reporter

socalTECH

Los Angeles-based film, TV, and entertainment site HitFix said today that it has snagged the former General Manager for Digital for The Hollywood Reporter, Alex Boyce, as its new Senior Vice President of Business Development and Strategy. HitFix is an online entertainment site led by Gregory Ellwood and Jennifer Sargent.

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Los Angeles Becomes YouTube's Content Hub With New Playa Vista Studio

socalTECH

The Los Angeles area is fast becoming the content hub for online video site YouTube , a position that takes advantage of both the LA region's long history in the entertainment business, and the rise of a slew of startups producing content specifically aimed at the YouTube audience.

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As Quibi reportedly seeks another $1 billion, Fiction Riot fills the programming slate for its rival service

TechCrunch LA

The Los Angeles-based company has already launched a beta version of its streaming service, Ficto , and yesterday announced a host of new shows that will appear on the app later this year. The company is reportedly spending $5 million per hour of storytelling for some of its titles.

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Report: Veoh Assets Go To Qlipso

socalTECH

The assets of ill-fated online video site Veoh have reportedly been sold to 2Peer Ltd., operator of media site Qlipso , according to a report from VentureWire. Qlipso lists its headquarters in Los Angeles, and the firm says it is backed by Jeruslem Venture Partners, with links to Israel. READ MORE>>.

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