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 »
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 »
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 »
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, 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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 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 »
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 »
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.
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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 »
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 »