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Ticketmaster Buys Blockchain Startup, Upgraded

socalTECH

Los Angeles-based Ticketmaster said this morning that it has acquired a blockchain startup, UPGRADED. UPGRADED develops blockchain software which aims to convert traditional tickets into digital assets, combined with dynamic, encrypted barcodes Ticketmaster says prevent fraud often associated with paper or PDF-based tickets.

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Rival Raises $30M for Ticketing Startup

socalTECH

Los Angeles-based Rival , a new startup founded by former Ticketmaster CEO Nathan Hubbard, has raised $30M in funding, the company disclosed over the weekend. The funding came from Andreessen Horowitz, Upfront Ventures, Dick Costolo (Twitter), April Underwood (Slack), and Patrick and John Collison (founders of Stripe).

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Mayfield Eyes Los Angeles Startups, Taps Ticketmaster's Moriarty

socalTECH

Bay area venture capital firm Mayfield Fund appears to be eyeing more investments in the Los Angeles area, with the addition of Sean Moriarty , the former CEO of Ticketmaster, as an Entrepreneur-in-Residence at the firm.

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Demand Media Buys Saatchi Art, Appoints Sean Moriarty As CEO

socalTECH

Santa MOnica-based Demand Media made a surprise move this morning, saying it has appointed former Ticketmaster CEO Sean Moriarty as its new CEO--and also acquiring Moriarty''s startup, Saatchi Art. He also has served at IAC/Citysearch, prior to headin gup Ticketmaster. to $1M per quarter to the company. READ MORE>>.

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Silicon Beach Report Oct. 18: Activision’s Record-Breaking $500M Opening

L.A. Business Journal

Activision’s new game has a $500-million opening; Ticketmaster acquires blockchain startup; Bird’s new service could bypass city regulations.

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FanDragon Names Trio Of Executives

socalTECH

Los Angeles-based FanDragon Technologies , a startup offering up mobile ticket delivery software, announced this morning that it has hired on three new executives. Machin has previously served at Live Nation and Ticketmaster; Weiss was previously at Staples, Inc.; FanDragon's CEO is Robert Weiss. READ MORE>>.

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GoodRx Names CTO

socalTECH

Santa Monica-based GoodRx , a venture-backed startup which runs a prescription drug pricing marketplace, has named Jody Mulkey as the company's Chief Technology Officer.