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Hulu Entertaining At Least Five Bidders, Says Report

socalTECH

Los Angeles-based video streaming site Hulu is entertaining offers from at least five different bidders, according to a report over the weekend, including one that values Hulu at between $600M to $800M.

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Report: MySpace Names Entertainment Head

socalTECH

A report today from the Hollywood Reporter says that MySpace has named Andy Marcus, the firm's Senior Vice President Business and Legal Affairs, head of its entertainment business. According to the report, Marcus will become Senior Vice President Entertainment and Video. READ MORE>>.

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Global Eagle Entertainment Loses CEO, CFO

socalTECH

Los Angeles-based Global Eagle Entertainment , which provides in-flight, satellite-based Internet services for airlines, has named a new CEO, after the loss of both its CEO and CFO on Monday. According to the company, its board has appointed Jeff Leddy as its new CEO and interim CFO.

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Silicon Beach Report March 1: LA-Tokyo Entertainment Tech Fund Hires VC

L.A. Business Journal

LA-Tokyo entertainment tech fund hires VC; EVgo reduces charging station prices; and Scalefast raises $8 million in Series A funding.

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Meteor Entertainment Raises $10M

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Meteor Entertainment , a developer of a downloadable, online shooting game called Hawken , has raised $10M in funding, according to reports. Source of the funding included Benchmark Capital and FirstMark Capital. Hawken is being developed by Alhambra-based game studio Adhesive Games.

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Michael Lynton Steps Down as Head of Sony Entertainment

L.A. Business Journal

Sony Entertainment chief executive Michael Lynton, 57, will step down from his post to focus on his position as chairman of the board of Snap Inc., according to news reports from The New York Times, Deadline.com, and others.

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BuzzFeed Ramps Entertainment Coverage In LA

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The latest move in that area comes from online viral content publisher BuzzFeed , which is apparently ramping its operations in Los Angeles, as part of effort by the site to expand into entertainment coverage. BuzzFeed is looking to compete against Deadline, Variety, and The Hollywood Reporter with its news coverage. READ MORE>>.

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