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Ticketmaster Buys Blockchain Startup, Upgraded

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Los Angeles-based Ticketmaster said this morning that it has acquired a blockchain startup, UPGRADED. UPGRADED develops blockchain software which aims to convert traditional tickets into digital assets, combined with dynamic, encrypted barcodes Ticketmaster says prevent fraud often associated with paper or PDF-based tickets.

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Mayfield Eyes Los Angeles Startups, Taps Ticketmaster's Moriarty

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Bay area venture capital firm Mayfield Fund appears to be eyeing more investments in the Los Angeles area, with the addition of Sean Moriarty , the former CEO of Ticketmaster, as an Entrepreneur-in-Residence at the firm. Mayfield said it hopes to "tap innovative networks in Los Angeles" by working with Moriarty, who is located here.

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Rival Raises $30M for Ticketing Startup

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Los Angeles-based Rival , a new startup founded by former Ticketmaster CEO Nathan Hubbard, has raised $30M in funding, the company disclosed over the weekend. The funding came from Andreessen Horowitz, Upfront Ventures, Dick Costolo (Twitter), April Underwood (Slack), and Patrick and John Collison (founders of Stripe).

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Demand Media Buys Saatchi Art, Appoints Sean Moriarty As CEO

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Santa MOnica-based Demand Media made a surprise move this morning, saying it has appointed former Ticketmaster CEO Sean Moriarty as its new CEO--and also acquiring Moriarty''s startup, Saatchi Art. He also has served at IAC/Citysearch, prior to headin gup Ticketmaster. to $1M per quarter to the company. READ MORE>>.

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LA Group Launches Effort To Promote Technology Corridor In Los Angeles

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What's the best way to encourage development of the technology industry in Los Angeles? The idea, according to the LACMII, is to use city-owned parcels to create community spaces and working environments to enable startups and businesses in those areas, using "tech-friendly amenties" to attract starutps to those locations.

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LaughStub Takes On Comedy Ticket Sales, With Angel Backing

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In a long tradition of local companies tying the business of ticketing for various events into the online world, a new startup, LaughStub has quietly been establishing its place providing tickets for comedy clubs locally and nationwide. No details on the angel funding for LaughStub have been announced. READ MORE>>.

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FanDragon Names Trio Of Executives

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Los Angeles-based FanDragon Technologies , a startup offering up mobile ticket delivery software, announced this morning that it has hired on three new executives. Machin has previously served at Live Nation and Ticketmaster; Weiss was previously at Staples, Inc.; FanDragon's CEO is Robert Weiss. READ MORE>>.