Los Angeles Business Journal

LA TECHNOLOGY

Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

Machinima Closes $18 Million Funding Round

Video game-centric YouTube network Machinima Inc. announced Monday it closed an $18 million financing deal with Burbank’s Warner Bros. Entertainment.

Fuhu, a Tablet Maker, Moves into Content Production

Fuhu Inc., maker of the child-friendly Nabi tablet computer, has expanded into content production.

Tease photo

Web Inroads

PUBLISHING: Source Interlink aims to rev up online interest and ad revenue for its car enthusiast magazines.

A new CEO looks to steer Source Interlink’s car magazines into a bigger presence on the Web.

Trio Looks to Tap YouTube’s Commercial Appeal

ADVERTISING: Contagious co-founders to make videos sole focus of agency.

Viral video success spurs trio to form Contagious with a complete focus on YouTube.

More Layoffs at Disney Interactive

Continued restructuring in the interactive division of Walt Disney Co. will result in the firing of about a quarter of its workforce, according to media reports on Thursday.

Vobile Acquires Blayze

Century City YouTube analytics company Blayze Inc. has been acquired by Santa Clara’s Vobile, a provider of video identification services to help with content rights management.

Rentech Sells Alternative Energy Business to Chinese

Rentech Inc. on Wednesday announced that it has agreed to sell its alternative energy technologies and equipment to a Chinese company.

CFO Leaves as Ixia Investigation Ends

Ixia said that it had completed an internal investigation of its accounting practices. While the company’s top officers were not found to have engaged in widespread fraud, its chief financial officer has resigned.

Fullscreen Announces Hires

Fullscreen Inc., the Culver City-based YouTube multi-channel network, announced two senior hires Wednesday.

AwesomenessTV Taps Disney Exec as CMO

AwesomenessTV, which serves teenage audiences, announced Tuesday it hired TJ Marchetti as chief marketing officer.

Demand Media Expands Content Solutions

Santa Monica’s Demand Media Inc. announced Tuesday the expansion of its Content Solutions service to include graphic design and original photography services.

AirPush Reported to Be Acquired

Israeli software company Perion is in talks to acquire West L.A.’s AirPush, according to a report published Tuesday on TechCrunch. The deal is said to be valued at $170 million.

Hulu Names Head of Distribution

Santa Monica video streaming platform Hulu continues to add experienced executives to the company, naming Tim Connolly as its new head of distribution.

Mandalay Digital Announces New Partnerships

Hollywood software company Mandalay Digital Group announced Monday it had partnered with nine new ad networks and direct advertisers.

Bitium Raises $6.5 Million in Series A Round

Santa Monica’s Bitium announced Friday it had raised $6.5 million in a series A round. The company, which develops products to help companies manage passwords for employees to access various apps, has raised nearly $9 million to date.