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A report this morning from Business Insider says that Irvine-based Specific Media , the parent company of MySpace , is seeking to raised $50M to turn MySpace into a "Spotify killer". The report says that Specific Media is hoping to re-launch MySpace as a competitor to both Pandora and Spotify, two popular streaming music services.
Los Angeles-based multichannel content network Fullscreen is in the midst of selling itself to Otter Media , the joint venture between AT&T and The Chernin Group, according to reports. fullscreen otter media chernin group hollywood youtube network video merger acquisition rumor' Fullscreen is led by George Strompolos.
Santa Monica-based online digital media publisher Demand Media keeps on getting bigger and bigger. The firm reported its latest quarterly results Tuesday, reporting $100.6M The company also reported net income of $0.7M demand media earnings domain content publishing creativebug' READ MORE>>.
the parent company of Snapchat, has reportedly acquired Israeli startup Cimagine Media. Cimaging Media develops augmented reality technology. The acquisition was first reported by a local Israeli financial daily. Venice-based Snap, Inc. , The deal is reportedly worth between $30M and $40M. Cimagine was founded in 2012.
A report Wednesday afternoon says that Los Angeles-based streaming media site Hulu has hired investment banking firm Guggenheim Partners, to advise the firm on a sale. The report from Reuters , citing three sources with knowledge of the matter, said there''s an ongoing auction process for Hulu. READ MORE>>.
The parent company of Culver City-based hosting service Media Temple -- GoDaddy --is getting closer to an IPO, based on reports Wednesday that the company has hired on several investment bankers for its public offering. GoDaddy acquired Media Temple in October of last year. READ MORE>>.
For today's interview, we spoke to Bill Curtis , the founder of Malibu-based CurtCo Media (www.curtco.com). We spoke to Bill about CurtCo's move into the podcasting area, and why he thinks podcasting is the next frontier in media. all the way through to passions like the Robb Report, which was operated by CurtCo for almost two decades.
Los Angeles-based Internet Brands said this morning that it has acquired automotive publisher High Gear Media. High Gear Media''s automotive publications include The Car Connection , Motor Authority , and Green Car Reports. High Gear Media had been founded in 2007. Financial terms of the buy were not disclosed.
GoDaddy , the parent company of Los Angeles premium website hosting service Media Temple , has filed for an IPO--in the process, showing that the company paid $94.48M in cash for Media Temple. The company reported a net loss of $131M for 2013, on revenues of $1.13 READ MORE>>.
This is an interesting combination of media and online website, can you talk about the strategy there? We broadcast a launch video, which describes the dream job, and if you want to apply, you can create your own video on why you should have the job, and use the power of social media to get that job by getting as many votes as you can.
Los Angeles-based Evolve Mediareported late last night that it has launched a new, native video advertising product called INgage. Evolve Media said that the new, video solution delivers "large format" video within content, startup up when a users comes into view. evolve media native video advertising ingage'
What''s unique about it, it is stream live social media, and actually puts that social media content on the display right in front of you. Nanxi Liu: In 2010, an industry report came out that predicted that digital signage was going to be a $4 billion market in 2014. We''ve now grown to thirty five people in our LA headquarters.
s publishing division Ziff Davis has reportedly submitted an opening bid of $90 million to $100 million for Gawker Media, which is putting itself up for sale after filing Chapter 11 bankruptcy on Friday. J2 Global Inc.’s
Los Angeles-based Penske Media said on Wednesday that it is buying a majority of Rolling Stone magazine. Financial details of the deal were not announced, however, reports say the deal values Rolling Stone at more than $110M. Penske Media is led by Jay Penske. Penske Media got its start as Mail.com. READ MORE>>.
How to Interpret Analyst Reports. The headlines in the media are filled with that latest stats. The stats are often quoted from the latest reports. I had reports from Gartner Group, Yankee Group, IDC, Goldman Sachs, Morgan Stanley and a couple of others. We all took that data as the basis for our reports.
Machinima , which had been the poster child for Southern California's multi-channel-network (MCN) boom, has laid off most of its employees and ceased its operations , according to reports. The shutdown comes after a reorganization of the digital properties of AT&T, as well as its Otter Media subsidiary. READ MORE>>.
The surge of technology, advertising, and media companies flocking to Silicon Beach has meant a huge win for real estate investors, particularly in Playa Vista, according to a report today. real estate investment playa vista west angeles realestate technology media growth jobs' READ MORE>>.
According to a report from the New York Times, American officials have determined that North Korea was "centrally involved" in the hacking of Sony Pictures, but are debating whether or not the White House should publicly accuse North Korea of cyberterrorism. READ MORE>>.
CrowdStrike , the developer of cloud-based, endpoint protection software which was started and continues to have major operations in Irvine, has scored a top rating in a report from industry analyst Gartner. READ MORE>>.
Kardashian is launching private equity firm SKKY Partners in conjunction with ex-Carlyle consumer head Jay Sammons to invest in business across consumer products, hospitality, luxury, digital commerce and media, the Wall Street Journal first reported. Jenner will be joining SKKY as a partner, the Journal reported.
Now defunct, Los Angeles-based multi-channel content network Defy Media is unlikely to be able to pay the $1.7 million it owes more than 50 YouTube creators, after the company's shutdown in November, according to a report. Ally Bank said that Defy Media is being liquidated by its board of directors. READ MORE>>.
has reportedly launched an investigation into accusations of racism and sexism in the company, according to a report from the Business Insider. The investigations are allegedly over "whitewashing" within Snap, and disparagement of Block representation in media, according to the report. Venice, California-based Snap Inc.
Snapchat builds relationship with social media stars after years of ignoring them, rocket industry worries government might dump ICBM engines on the market and Panda Pop passes 100 million users as Jam City eyes IPO.
Los Angeles-based Penske Media Corporation (PMC), the publisher of Variety, WWD, Footwear News, Deadline, Indiewire, TVLine, Hollywood Life, and the Robb Report, has promoted two of its executives to VPs. According to PMC, it has named Judith R.
Costa Mesa-based Veritone , which develops software for analyzing advertising campaigns, reported a win with radio broadcaster Beasley Media Group. Financial details of the expanded licensing agreement with the radio station company were not announced.
Most startups, and many big businesses, still don’t have a clue on how to use social media productively for marketing their business. The next thing that entrepreneurs need to realize is that the process and framework for making social media marketing work are different from traditional marketing, and trial and error certainly doesn’t work.
said today that it has launched a new tool, Social ROI Reporter, which it says helps brands and agencies with measuring the dollar value of their social media and influencer marketing campaigns. Pasadena-based startup Soulmates.AI
Los Angeles-based Triton Digital , the developer of advertising technology for the audio streaming market, reported that it has been selected by Connoisseur Media. Triton Digital said Connoisseur Media will use it to stream and measure their digital audio content. Connoisseur Media owns and operates 39 radio stations.
TaskUs worth $500 million following latest funding round; Stamps.com stocks fall after Post Office comment; Heineken passes on Snapchat in favor of other social media outlets.
Aliso Viejo-based Smith Micro Software says it has acquired the operator business of Circle Media Labs , a developer of parental control software. The company says it the operator business is expected to report 2019 revenues of $4M. Smith Micro said the asset deal was worth approximately $13.5M
Los Angeles-based Fullscreen Media says it is shutting down its video on demand service , and instead putting its resources into its other efforts, after a two year run. According to reports, about 25 employees are being laid off as a result of the shutdown of the service, which had offered up access to subscription content for $6 a month.
Not so long ago, training to meet the press and television reporters was a realm reserved for top business executives only. Now, even the earliest stage startup can rise to visibility or be forever lost by their first media spotlight, so it behooves us all to know the rules early. On the social media side, the stakes are just as great.
Los Angeles-based DigiTour Media , which produces events and concerts centered on YouTubers and other social media celebrities, has reportedly raised around $10M in a funding round, from Viacom, LionTree Entertainment, and Slow Ventures.
The accelerator said it will invest $150,000 into ten different "creators" and startups focused in the media area. According to reports, the company's accelerator is specifically focused on people building media projects for mobile devices.
Full details of the acquisition and buyer were not officially announced, however, MakieLab said that it has been acquired by a "a fantastic US media behemoth". MakieLab , the custom, 3D printed doll startup which had been part of Disney's second Disney Startup Accelerator program, has been acquired, reportedly by Disney itself.
Sixteen-year Warner Media veteran Kristen O’Hara joining Snap Inc.; Electric scooter company Bird launches new tools for cities to manage e-scooter fleets; web security firm Signal Sciences Corp. inks deal with health care platform Castlight Health Inc.
So it’s a disappointment to me that these esteemed journalists haven’t adapted to the modern media – to social media. But he hasn’t figured out that media is now two way. NYT Learn How to Use Social Media. At least there’s that. Marc, maybe you can break through? And also hot & crowded.
Our industry just took one big step towards legitimacy with the hiring of renowned media exec Ynon Kreiz to run Maker Studios. You can’t change media consumption patterns easily. Ynon Kreiz is a force of nature in the media and tech sectors. hours of TV / day. hours of TV / day. They read less than 30 minutes.
A number of Southern California angel investors, and one of its venture firms, have scored an exit over at social media influence measurement startup Klout , as the San Francsco company said Thursday that it is being acquired by Lithium Technologies. klout litihium technologies merger acquisition influence social media paigecraig lindzon'
Los Angeles-based content delivery network operator EdgeCast has been acquired by Verizon , to help bolster Verizon''s Digital Media Services, Verizon said this morning. Financial terms of the deal were not announced, but the deal is reported to be worth around $390M.
in the fourth quarter, according to the latest number from PricewaterhouseCoopers and the National Venture Capital Association, in its MoneyTree report. in the quarter and social media darling Snapchat raised $50.0M. Nationally, the report found that there was $29.4 The investments were a drop from Q4 of 2012, $711.8M
Los Angeles-based companies MRC , the owner of a independent TV studios and a number of other entertainment companies and holdings--including measurement firm Nielsen Music--and Penske Media Corporation (PMC), announced late last week that they are in a new, joint venture, which will join their ata businesses. READ MORE>>.
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