Friday, October 13, 2017
Fandango Acquires
Los Angeles-based Fandango announced Friday morning that has acquired online movie ticketing service Financial details of the acquisition were not announced. According to Fandango, it expects the deal to close in Q4 of 2017. Fandango said the acquisition will help it provide full national coverage, and add such exhibitors as National Amusements, Cineplex, Landmark Theatres and Marquee Cinemas, as well as many independent theater chains to Fandango's ticketing network. MovieTic (More info...)

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Wavemaker Raises $66M In New Southeast Asia Investment Fund
Santa Monica-based Wavemaker Ventures has raised a new, $66M venture capital investment fund, for its Southeast Asia efforts, the company said this week. According to Wavemaker, the fund exceeded what had been an initial $50M initial target for its investment fund. Limited Partners in the new fund include Temasek Holdings, Tim Draper, and the World Bank's International Finance Corp. Wavemaker, which is one of the Southern California's most active investors, already was active in Southeast Asia w (More info...)

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Disney Accelerator Shows Off Startups At 2017 Demo Day
The Disney Accelerator has rolled out the newest class of startup from its startup accelerator this week, showing off 11 new companies from the 2017 Disney Accelerator program on Wednesday in Burbank. The startup accelerator--run by The Walt Disney Company--said this year's startup included Ambidio (surround sound for personal devices); aXiomatic (esports and gaming); Brit + Co. (digital media focused on inspiring women); Epic Games (creators of the Unreal Engine); Hoodline (local news and conte (More info...)

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VY Esports Gets Seed Funding
Santa Monica-based VY Esports, a new startup focused on connecting esports, brands, and media companies, said on Thursday that it has raised a seed funding round. Size of the funding was not announced. VY Esports said the seed funding was led by Raine Ventures, and also included Courtside Ventures, Elysian Park Ventures, and others. Blair Ford of Raine Ventures joins the company's board as part of the funding. VY Esports is led by Oleg Butenko. The startup said the new funding will go towards ta (More info...)

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Impact Biomedicines Raises $22M For Treating Myelofibrosis
San Diego-based Impact Biomedicines, a biopharmaceuticals startup targeting treatments for patients with myeloproliferative neoplasms and other cancers, has raised $22M in a funding round, the company said this morning. The Series A funding came from Medcxi. Impact Biomedicines says it was formed in 2016, after acquiring the full rights for global development and commercialization of the compound fedratinib from Sanofi.

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Tastemade Expands Channels
Santa Monica-base online entertainment company TasteMade said yetserday that it is in a big expansion of its content, and is launching two new channels in the home and travel area. The company--which develops content online specifically for millennials--said it has produced more than 150 hours of original programming in the new home and travel areas. Tastemade is best known for its content in the food area. Tastmade's new efforts in the home area are being led by Amanda Dameron, former editor-in (More info...)

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Amazon Studios Suspends Head Of Prime Video
Amazon Studios, the Hollywood-based arm of which develops original content for Amazon Prime, said late Thursday evening that it has suspended Roy Price, VP of Amazon Studios and head of Prime Video, after allegations of sexual harassment from one of the company's producers. The move came after The Hollywood Reporter published an interview with Isa Hackett, a producer on Amazon's The Man in the High Castle and Philip K. Dick's Electric Dreams on an incident involving Price. Amazon also (More info...)

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