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

socalTECH

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.

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Music Mastermind Nabs $11.3M As It Launches Music Creation App

socalTECH

Calabasas-based Music Mastermind , the interactive entertainment firm headed by Matt Serletic, has raised $11.3M, as it has inked a deal with mobile games publisher Chillingo to publish a new music creation game called Zya. Music Mastermind said the funding came from Intel Capital and Liberty Global. READ MORE>>.

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

TechCrunch LA

As video commerce becomes the norm and entertainers, brands, businesses, and franchises of all sizes and stripes look to cut out the middle man, the array of services on offer from Maestro may be the scissors these entities need to cut the cord. .” Sales, Sony Music Entertainment, in a statement. .

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

socalTECH

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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Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

TechCrunch LA

A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio, Jam City and giving the company $145 million in new funding to carry that out. Meanwhile, games are quickly becoming the go-to revenue driver for the entertainment industry.

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