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NBCUniversal Poised to Make Big Investments in BuzzFeed and Vox Media
/ July 30, 2015 6:16 pm
NBCUniversal Poised to Make Big Investments in BuzzFeed and Vox Media

Re/code reports "Sources say Comcast’s TV and film unit has a “handshake” agreement with BuzzFeed, which raised $50 million last year at a $850 million valuation. NBCU also is negotiating to invest in Vox Media, which owns this website, in a deal that would value Vox at $850 million. Last fall Vox Media raised money at a $380 million valuation." Read More


Relativity Files for Chapter 11 Bankruptcy
/ July 30, 2015 6:08 pm
Relativity Files for Chapter 11 Bankruptcy

The Hollywood Reporter reports "Ryan Kavanaugh's financially embattled studio filed papers today and will attempt to reorganize itself amid crushing debt. Relativity counts between 1,000 and 5,000 creditors, $100 million to $500 million in assets, and between $500 million and $1 billion in liabilities." Read More


Video Ad Company Jun Group Raises $28M In Its First Venture Round
/ July 30, 2015 6:05 pm
Video Ad Company Jun Group Raises $28M In Its First Venture Round

TechCrunch reports "Today, however, the company is announcing that it has raised $28 million in its first institutional venture round. Why raise the money now? Reichgut said it’s because we’re in “an historical time … moving from a desktop browser, search-based web to an app-based, mobile experience.” As a result, he said the mobile ad industry is “ready to just absolutely take off.” Read More


Cinematique, The Touchable Video Platform, Will Now Allow Brands To Create Their Own Content
/ July 30, 2015 5:05 pm
Cinematique, The Touchable Video Platform, Will Now Allow Brands To Create Their Own Content

TechCrunch reports "After more than two years of restricting content creation to their in-house team, Cinematique, the touchable video platform, is releasing a beta version of a cloud-based Editor so brands can create their own interactive video content. As a refresher, Cinematique is a platform that overlays interactive areas on top of video content, which can either be used for e-commerce or creative purposes. Users can then watch the video and interact with these dots to generate various types of responses." Read More


Fuisz Media Raises $10 Million Led by Evolution Media Partners
/ July 30, 2015 4:52 pm
Fuisz Media Raises $10 Million Led by Evolution Media Partners

Variety reports "Fuisz’s interactive videos let viewers click on objects in a scene to access additional info, purchase items or trigger other actions. The company has about 30 clients, including Microsoft, Procter & Gamble, Ford, Walmart, Target and Victoria’s Secret, and is looking to drive business with media and entertainment companies as well." Read More


Apple will reportedly debut a new Apple TV in September, subscription TV coming later
/ July 30, 2015 4:47 pm
Apple will reportedly debut a new Apple TV in September, subscription TV coming later

VentureBeat reports "The new Apple TV was very likely intended to be the star of Apple’s Worldwide Developer Conference event in June, but the company scrapped the launch because the product — and certainly the subscription TV service — was not ready. " Read More


Alibaba will spend $1B to expand its cloud in Japan, Europe, and the Middle East
/ July 29, 2015 6:36 pm
Alibaba will spend $1B to expand its cloud in Japan, Europe, and the Middle East

VentureBeat reports "Chinese e-commerce company Alibaba today announced plans to spend $1 billion on its Aliyun public cloud. The money will cover the costs of setting up new data center infrastructure in Japan, Singapore, Europe, and the Middle East, according to a statement on the news." Read More

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