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Industrial Toys Acquired By Electronic Arts

socalTECH

Pasadena-based Industrial Toys , the video game company founded by Alex Seropian, has been acquired by Electronic Arts , EA announced on Monday afternoon. According to EA, the acquisition will help the company with a focus on "new experiences" on different devices. Financial details of the acquisition were not announced.

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

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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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Greycroft, WndrCo Back Glow For Podcast Subscriptions

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Los Angeles-based venture investors Greycroft Partners and Jeffrey Katzenberg's WndrCo have put their backing behind a new startup that helps podcasters fund their shows via their listeners. According to Glow Technologies , it has raised $2.3M

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

TechCrunch LA

“We’re helping their products get discovered. ” eCommerce TC business curator economy Electronic Arts entertainment fabfitfun Fashion Jennifer Lopez Los Angeles macy's Marketing media merchandising Netflix retail Spotify summer . “It’s upside for our brand partners,” said Daniel.

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Fans.lu Ties With Game Development Organization

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Los Angeles-based Fans.lu , a developer of an e-commerce storefront to help game companies sell merchandise such as shirts, hats, posters, and more directly to their gamer fans, said over the weekend that it has partnered with the International Game Developers Association (IGDA).

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LA Names Chief Innovation Technology Officer

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In a move that further bolster''s Los Angeles mayor Eric Garcetti''s reputation as LA''s "tech mayor", Garcetti has announced that he has appointed Peter Marx as the city''s first Chief Innovation Technology Officer yesterday, to help oversee the implementation of technology across LA''s city government.

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Payoff.com Adds Resnick To Board

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Payoff.com , the online service which is using gamification to help consumers pay off credit cards and save for goals, said Monday that Pandemic Studios co-founder Josh Resnick has joined the company's board of directors. Resnick co-founded and was President of Pandemic Studios, which was sold to Electronic ARts for $860M.