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Network Optix Snags $750K In Seed Funding

socalTECH

Burbank-based Network Optix , a startup developing video transport, management, and display technology, said this morning that it has raised $750,000 in a seed funding. The firm said the convertible debt round came from Jor Law, Veracity, HauteSpot Networks, Kenneth Lu, and other angel investors.

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Disney Hits 100 Million Facebook Fans

socalTECH

Burbank-based Walt Disney reported Sunday that it has just surpassed one hundred million fans across its network of Facebook pages. Think your company is popular on Facebook? Think again.

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Wilcon Buys Freedom Dark Fiber Networks

socalTECH

Los Angeles-based fiber optic and data center infrastructure provider Wilcon announced today that it has acquired dark fiber provider Freedom Dark Fiber Networks. Freedom Dark Fiber Networks is also based in Southern California, and is a provider of dark fiber in the region. Financial terms of the acquisition were not announced.

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Social Networking Addiction Bears Fruit

Eric Greenspan

I’ve been engaged with social networking for some time now, starting with Myspace and Facebook and just recently (within the last 30 days), Twitter. ’s HQ in Burbank. Isn’t social networking amazing? I’ve jumped on the bandwagon, big time! I have vanity urls setup at just about every site on the web.

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Warner Bros. Starts Renting Movies On Facebook

socalTECH

Burbank-based Warner Bros. said Monday that it is beginning to test renting movies via Facebook , using Facebook Credits, allowing consumers to watch movies directly from the social networking site. According to Warner, its first title is The Dark Knight, which it will be renting for 30 Facebook Credits, or $3.

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Boingo Powers Google Free Wi-Fi Offer

socalTECH

Google said today that it will offer free wireless at 47 airports, including Las Vegas, San Jose, Boston, Baltimore, Burbank, Houston, Indianapolis, Seattle, Miami, Ft. As a bonus, Google said that Burbank airport will be offering free, airport-wide Wi-Fi indefinately as part of its holiday promotion. Lauderdale, Orlando, St.

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Maker Studios Acquired By Disney For $500M

socalTECH

Culver City-based YouTube network Maker Studios has been acquired by Burbank-based Walt Disney Company , in a deal worth $500M, plus up to $450M in performance earn out. Maker operates a network of YouTube content channels--over 55,000--which gets 5.5 content hollywood network youtube acquisition merger disney studios maker'