Investment Company News
THE ATHLETIC RAISES $40 MILLION IN NEW FUNDING ROUND
October 30, 2018
The Athletic, a subscription-based digital sports media company, raised $40 million in a series C funding round. With this investment, the company has raised a total of $70 million since its launch in 2016, and is valued at roughly $200 million, according to sources familiar with the deal. Read More »
ATTN: RAISES $15 MILLION FROM EVOLUTION MEDIA
September 21, 2018
Media startup ATTN: has raised $15 million as it plots an expansion of its video production business. Read More »
MOBILE-GAMES COMPANY SCOPELY RAISED ADDITIONAL $100 MILLION FOR ACQUISITIONS, INVESTMENTS
June 19, 2018
Seven-year-old Scopely is now valued at more than $700 million, after it raised an additional $100 million as part of its Series C round. It announced $60 million in Series C funding in June of 2017, but the round was heavily oversubscribed. Read More »
THE ATHLETIC RAISES $20 MILLION TO FUND EXPANSION
March 5, 2018
The Athletic, a subscription-based sports media startup, is preparing to more than double its staffing and expand to new professional sports markets after securing a new investment round. Read More »
VISION ESPORTS RAISES $38 MILLION FROM EVOLUTION MEDIA AND ST. LOUIS CARDINALS
February 22, 2018
Vision Esports, an investment fund focused exclusively on professional video gaming, has finished a $38 million funding round led by Evolution Media, the firm founded by Creative Artists Agency and TPG Capital. Read More »
EVOLUTION CONGRATULATES BAOBAB STUDIOS, FENDER, GAMETIME, LIVE.ME, AND SCOPELY FOR BEING RECOGNIZED IN FAST COMPANY’S 2018 MOST INNOVATIVE COMPANIES LIST
February 20, 2018
The 2018 edition of the World's Most Innovative Companies spans more than 350 enterprises across 36 categories, from the world's most valuable firm and its continuing transformation of consumer electronics to a small outfit selling natural gum to preserve rainforests. Read More »
TPG GROWTH AND EVOLUTION MEDIA BUY INTO AFRICA’S MUSIC BUSINESS
January 19, 2018
TPG Growth, the middle market and growth equity investment arm of private equity giant TPG, and Evolution Media, the investment and advisory services firm created by Creative Artists Agency and TPG, have acquired a majority stake in the South African multimedia entertainment company, TRACE. Read More »
T-MOBILE ANNOUNCES THE ACQUISITION OF TV TECH PIONEER, LAYER3 TV, INC.
December 13, 2017
T-Mobile announces the acquisition of TV tech pioneer, Layer3 TV, Inc. The Un-carrier will enter the $100+ billion pay TV market in 2018, bringing consumers real choice. Read More »
INSIDE THE NEW FRED SEGAL FLAGSHIP OPENING IN L.A. THIS WEEK
September 26, 2017
The highly anticipated new Fred Segal flagship — boasting an enormous 13,000 square feet of shopping space at the junction of La Cienega Boulevard and Sunset Boulevard — is opening this week with an experiential offering that plays up Los Angeles as a destination for discovering niche and new fashion. Read More »
CLIO AWARDS ACQUIRED BY GLOBAL INVESTMENT FIRM EVOLUTION MEDIA
September 1, 2017
The Clio Awards, a 58-year-old mainstay of the ad industry awards circuit, announced today that it has been acquired by investment company Evolution Media. The financial details of the deal were not disclosed. The Clio company’s primary offering, its annual show honoring the best in creative advertising around the world, will continue to operate as it has since its founding in 1959 with no significant leadership or structural changes. Read More »
STEM RAISES $8M TO GET MUSIC ARTISTS PAID MORE SEAMLESSLY
June 10, 2017
While music streaming has become more and more commoditized, artists still have a wide array of places to distribute their songs like Spotify, YouTube and Apple Music — but getting paid properly can start to complicate things. That problem gets even more difficult when there are multiple people collaborating on the same song and it’s not clear who is getting how much of a cut from the revenue share from those services. Read More »
IFLIX SECURES US$90 MILLION IN NEW FUNDS TO ACCELERATE GLOBAL EXPANSION
March 10, 2017
Leading subscription Video on Demand (SVoD) service provider, iflix, has secured US$90 million to support its international expansion. The financing includes new investors – Liberty Global plc, major distributor of TV entertainment, sports and other programming; Zain, a leading mobile and data services operator in the Middle East and Africa; and a private investment management firm with interests across Africa. Read More »
THE WORLD’S MOST INNOVATIVE COMPANIES
February 21, 2017
Scopely is a mobile game publisher that partners with studios and producers to create free-to-play mobile games such as The Walking Dead: Road to Survival and Wheel of Fortune. The company’s model is borrowed from the entertainment industry, where creatives focus on creating, and studios provide the infrastructure and resources to execute their vision. Read More »
THE WORLD’S MOST INNOVATIVE COMPANIES
February 21, 2017
If there’s a virtual reality film project you’ve seen and enjoyed, there’s a good chance it was made by Venice, California-based Wevr, a startup that, to date, has raised more than $25 million from a variety of well-known investors, including VR heavyweight HTC. Read More »
APPOINTMENT TO VIEW: THE FUTURE OF MEDIA, ENTERTAINMENT & INVESTING
November 21, 2016

Rick Hess, David Bonderman, TPG Chairman and founding partner, and Mark Britt, iflix founder and CEO discuss how the media we consume, the platforms we favor, and the screens we use, are about to change all over again thanks to the changing roles of creators, distributors, and investors.  

GAMETIME RAISES $20 MILLION FOR LAST-MINUTE SPORTS TICKETS
September 26, 2016
Gametime is announcing that it has raised $20 million in funding to make it easier for sports fans to buy last-minute tickets to sporting events. This funding proves that the “economy of now,” also termed the “moments economy,” is still hot. Read More »
HEARST EXEC GEORGE KLIAVKOFF BECOMES CEO OF VIRTUAL REALITY STARTUP JAUNT
September 16, 2016
Jaunt has picked a new CEO: The Palo Alto-based virtual reality (VR) startup Jaunt has picked Hearst executive George Kliavkoff as its new CEO. The appointment comes as Jaunt is switching its focus from being a VR camera maker to becoming a VR publishing platform. Read More »
MOBILE GAMING COMPANY SCOPELY RAISES $55M
July 26, 2016
Scopely is announcing that it has raised a $55 million Series B round of funding. The Los Angeles-based company offers tools for promoting and monetizing mobile games — some of those games are developed in-house, others are created by outside studios. Read More »
POLITICAL MEDIA STARTUP ATTN: INC. RAISES MORE THAN $18 MILLION
March 30, 2016
Attn: Inc. of West Hollywood, a politically liberal news and advocacy site, has raised $18.6 million. The digital content company will use the infusion of cash to hire more video creators and editors, add more technology to its audience development efforts and expand onto new video platforms. Read More »
SKY MAKES $45M STRATEGIC INVESTMENT IN ASIA-BASED NETFLIX RIVAL IFLIX
March 23, 2016
UK broadcaster Sky is putting focus on emerging markets and online streaming after it made a $45 million investment in iFlix, a one-year-old company that rivals Netflix in Southeast Asia. Sky said that the deal is strategic and it will see the two parties “work together to identify areas of future collaboration.” Read More »