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Big tech companies are looking at Hollywood as the next stage in their play for the cloud

TechCrunch LA

This week, both Microsoft and Google made moves to woo Hollywood to their cloud computing platforms in the latest act of the unfolding drama over who will win the multi-billion dollar business of the entertainment industry as it moves to the cloud. in Los Angeles. We open these doorways.”

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DGene Snags $20M For Film Restoration Software

socalTECH

DGene, a content creation company which has a team in Los Angeles, but is based in San Jose, says it has raised $20M in a Series A funding. The company said it is building software "to expand creativity and redefine virtual production and immersive entertainment". The funding was led by Alibaba Group.

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Stem Snags $8M For Creative Payments Platform

socalTECH

Los Angeles-based Stem , which is developing a platform to simplify payments for musicians and other content creators, announced Wednesday morning that it has raised $8M in a Series A funding. Stem says it has created a financial platform that unifies and manages contracts, distribution, payments and data for artists and creators.

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Serious Business Get Funded For Internet Entertainment

socalTECH

A trio of United Talent Agency execs said Friday that they have launched a new, media company focused on the intersection of Internet and entertainment. According to Serious Business , it has raised a second round of seed funding from Brave New Ventures to fund the effort. Amount of the investment was not disclosed.

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Netflix employees stage a trans solidarity walkout, pose list of demands

TechCrunch LA

The employees who participated in the walkout want Netflix to “adopt measures to avoid future instances of platforming transphobia and hate speech,” they wrote in a letter. When asked in an interview with the Hollywood Reporter , co-CEO Ted Sarandos didn’t say whether he would meet the group’s demands.

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WndrCo Raises $1 Billion For New Startup

socalTECH

Los Angeles-based WndrCo , the investment firm founded by Jeffrey Katzenberg, said this morning that it has closed on $1 billion in a funding round for a new startup called NewTV. JPMorgan Chase & Co., Liberty Global, and Madrone Capital. JPMorgan Chase & Co., Liberty Global, and Madrone Capital.

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Backed by LG, AmazeVR is hoping to resurrect virtual reality’s consumer dreams

TechCrunch LA

For over 100 years entrepreneurs have come to Hollywood to try their luck in the dream factory and build an empire in the business of storytelling. Propelled by new technologies, new businessmen have been landing in Los Angeles since the invention of the nickelodeon to create a studio that would dominate popular entertainment.