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Report: Snapchat Buys Cimagine Media

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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.

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Robb Report's Bill Curtis On Why Podcasting Is The Next Media Frontier

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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.

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Demand Media Cuts 15, Says Report

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Los Angeles-based Demand Media has juts cut fifteen members of the company''s research and development unit, according to a report from Variety. According to the report , the cuts included Chief Innovation Officer Byron Reese, and were a result of the abrupt resignation of CEO Richard Rosenblatt last week. READ MORE>>.

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TrueX Media Acquired For $200M, Says Report

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Los Angeles- and New York-based video advertising company TrueX has been acquired by 21st Century Fox , according to a report from the WSJ this morning. The deal is reported to be worth $200M. TrueX Media offers up interactive, video advertising technology, and is led by Joe Marchese.

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Fullscreen In Talks To Sell Itself To Otter Media, Says Report

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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.

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Report: Snap Launches Investigation Into Racism, Sexism

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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.

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Report: Sling Media's Blake Krikorian Passes Away

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Blake Krikorian , the UCLA graduate who founded Sling Media , the maker of the Slingbox, has died, at the age of 48, according to reports trickling out of Silicon Valley. Krikorian apparently died of a heart attack yesterday in the San Francisco area.

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