NBCUniversal Inc. is reportedly close to making a $250 million investment in digital publishing giant BuzzFeed.
INTERNET: FameBit hopes ‘FilterFreeTV’s’ influencers speak to young consumers.
These days, digital networks such as Maker Studios, Fullscreen Inc. and AwesomenessTV aren’t the only tech companies producing online videos.
Shares of Santa Monica’s TrueCar Inc. lost a third of their value in after-hours trading Thursday after the company reported that it would miss financial targets for the second quarter and full year.
INTERNET: MiTú viewed Donald Trump uproar as means to engage audience.
Digital media firm MiTú used the uproar over Donald Trump’s immigration comments to channel viewers to its content.
Popular photo and video-editing app Flipagram has raised a massive $70 million Series B financing round from some of the biggest venture capital firms in Silicon Valley.
SOFTWARE: Duo launched Replicated after selling off chat service Look.io.
Tech accelerators in Silicon Beach such as Amplify.LA have done their best to fortify and bolster the local technology industry over the last few years by providing new companies with seed money, office space, mentorship, and networking with VCs and other entrepreneurs.
INTERNET: Content firms contend pirated videos on Facebook’s platform could cost them millions of views, dollars.
Facebook’s video platform doesn’t play well with content owners who say they are losing money and viewers.
One Santa Monica app maker is trying to make it a whole lot easier for TV, music and sports fans to legally share their favorite clips and highlights with friends online.
INVESTMENT: Firms now can get funds from nonaccredited investors.
Mobile-game developer XReal is making a play for nonaccredited investors now that crowdfunding is for real.
For Bob Parker, life has taken some dramatic turns recently.
Kin Community, an online women’s lifestyle network headquartered in Santa Monica, has launched a new branded content division called Kin Studios, which boosts the company’s ability to craft online video campaigns for advertisers.
El Segundo’s Nativo, a native advertising platform for Web publishers, has raised a $20 million Series B round led by San Francisco’s Advance Vixeid Partners.
INTERNET: PingTank says boy will help photo app reach core kid audience.
It’s no secret that tech startups are often staffed with loads of young employees. But one local app developer is raising (or is that lowering?) the bar when it comes to hiring executives who can relate to teens.
TECHNOLOGY: Science credits system for successes such as Dollar Shave Club.
Science has moved beyond an incubator model to help entrepreneurs hatch successful companies.
INTERNET: Maker holds overseas boot camp to link with tech-savvy youth.
Online video firm Maker Studios eyes Singapore’s tech-savvy youth as a major part of its big picture.
BIOTECH: Acquisition by Allergan may aid Kythera rollout of Kybella product.
Kythera sees its share values swell after Allergan announces plan to buy the maker of a chin fat-removal drug.
MANUFACTURING: Ex-exec looks to zap former family firm.
Rival Alex Lidow seeks revenge by converting International Rectifier’s customers to his semiconductors.
A brief encounter with tech billionaire Elon Musk three years ago wound up being financially fortuitous for David Murphy.
ENERGY: 8minutenergy project may generate work for Homeboy graduates.
In August, Mid-Wilshire solar power developer 8minutenergy Renewables will begin construction on an $800 million solar power farm, dubbed Springbok, in Kern County, an installation that will provide electricity to about 1 million Los Angeles Department of Water and Power customers.
Jay Grossman hopes sales of tray covers lift his charity work.
Dentist Jay Grossman hopes the sale of pockets for airplane tray tables will help cover his charity work.
HEALTH CARE: Puma stock falls 25 percent after report of turbulent clinical trial.
Puma stock takes a big dip after its cancer drug only gives a little boost beyond a placebo in a clinical trial.
From the creator of a social media platform to the founder of a bikini company, the Business Journal turns the spotlight on 20 young entrepreneurs who have gotten a jump on the business world.
AUTOMOTIVE: Association’s latest effort called ‘last-ditch’ attempt to curb expansion.
Dealers’ suit looks to put the brakes on TrueCar, accusing the shopping site of brokering sales.
INVESTMENT: Ex-Marine Paige Craig enlists others’ money for seed funding.
Angel investor Paige Craig looks to spread his wings with his new venture firm, Arena.
Tastemade signs deal to whip up videos for new Anthology service.
Video maker Tastemade looks to fill up Facebook’s Anthology with food programming.
A Sacramento trade group representing more than 1,100 of the state’s new car dealers has accused Santa Monica’s TrueCar Inc. of operating as an auto dealer and broker without a license.
L.A.’s new soccer franchise plans to build a new stadium at the site of the Los Angeles Memorial Sports Arena near USC, team officials announce Monday.
ENTERTAINMENT: Stable of Internet talent to star in AwesomenessTV films.
Online video creator AwesomenessTV pictures a future as a feature film producer.
TECHNOLOGY: Wireless rivals battle to take charge of market.
UBeam’s battle for the wireless phone-charging market dials up talk of the VHS-Betamax war.
The tech sector – epitomized by Snapchat’s familiar ghost logo – suddenly dominates the ranks of L.A.’s wealthiest. And a new generation now has the opportunity to reshape the region.
Change has come on line as tech reshapes the list of Wealthiest Angelenos and L.A.’s business scene.
INTERNET: HopSkipDrive, Sloop in drive for kid fares not covered by Uber, Lyft.
Need to get your kids from school to soccer practice in Santa Monica while you’re at work? There are now a pair of services for that – and they’re not named Uber or Lyft, since it is the policy of those companies not to carry passengers under the age of 18.
Santa Monica video game publisher Activision Blizzard Inc. beat first quarter earnings projections, posting adjusted net income of $116 million (16 cents a share) on revenue of $1.28 billion.
REAL ESTATE: Expanded Jukin’s need for production space complicates hunt.
A year ago, Culver City viral video licensor and distributor Jukin Media employed fewer than 40 people and made do in its 6,500-square-foot headquarters on Jefferson Boulevard.
As the longest tenured photographer working for the National Basketball Association, 57-year-old Andrew Bernstein has seen his share of playoff action.
INTERNET: Developer says Ferris eventually won over Upfront’s Mark Suster.
When music-video director and tech entrepreneur Paul Boukadakis landed a pitch meeting with Upfront Ventures partner Mark Suster in early 2014, he knew it would be a tall order to convince the famed venture capitalist that his mobile video app was the next big thing.
FINANCE: Local tech executives divided over whether changes to crowdfunding rules will pay off in more money for startups.
Local tech execs are split on whether new crowdfunding rules will link startups with investors.
A rush of angel and VC investment in L.A. means fast times for local tech startups, but speedbumps for the region’s once-hot accelerators.
An expanded field of seed money options is powering up startups while forcing accelerators to shift strategy gears.
INTERNET: WorldArts hits stage at South by Southwest festival to push service.
Culver City startup WorldArts Media Inc. is trying to fill a similar role to the one occupied by Myspace Music in the mid-2000s by giving bands an online platform to promote themselves, post a variety of content and interact with fans.
INTERNET: SpringRole taps networks for data, feedback to identify job candidates.
SpringRole employs big data and social media to help tech companies find job candidates.
A Los Angeles startup called urRadio is aiming to bridge the gap between social media platforms and streaming music services.
INTERNET: Stamps.com acquires competitor Endicia to expand customer base.
Online postage provider Stamps.com addresses new client markets with acquisition of Endicia.
When Julie Johnson entered the propane business founded by her father 30 years ago, she stood out as one of the few women in a male-dominated industry. And it was her father who had to mentor her so she could take over one day, making sure the men in the industry respected her.
The Los Angeles Business Journal brings you a weekly roundup of L.A. launches.
Two Santa Monica tech companies announced today that they’ve secured eight-figure capital raises from leading venture capital firms.
Pasadena advertising firm Ayzenberg Group has boosted its digital offerings with a new platform that connects digital marketers and brands with social media celebrities known as influencers.
Santa Monica’s ParkMe, which provides real-time parking information through its app, has expanded its service to Venice and Hollywood.
OpenX, a Pasadena automated online ad exchange, has launched a new platform designed to improve the quality of its inventory and help eliminate ad fraud.
Stay Fit Housing helps business people work out their travel plans.
Stay Fit Housing makes room for healthy services to pursue business travelers.
INTERNET: TheAmplify casts online influencers in ‘Insurgent’ video promotion.
Culver City social media marketing firm theAmplify, which launched in January 2014, has broadened its range of creative offerings to include green-screen video production for campaigns on Instagram featuring popular influencers.
San Francisco ride-sharing company Sidecar is bringing its business delivery service to Los Angeles.
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