Top News

  • Monday, July 28, 2014

    Hulu In Deal With 'Manhattan'

    Los Angeles-based Hulu said Monday that it has signed a deal for subscription, video-on-demand rights to the new television show "Manhattan." Financial details of the deal were not disclosed. Hulu said it will make new episodes of season one of the series following the Sunday night airing on WGN America. The deal also will provide the five, most recently broadcast episodes of the series available for free on →

  • Monday, July 28, 2014

    Eventure Interactive Finds $4.1 Million

    Costa Mesa-based Eventure Interactive, a developer of social, photo sharing applications, said last week that it has raised $4.1M in funding from Kodiak Capital Group as well as angels. The funding said $3M of the funding came from private equity group Kodiak Capital Group, with the remainder from family offices and high net worth individuals. Eventure is led by Gannon Giguiere. The firm is OTCBB listed.Continue →

  • Monday, July 28, 2014

    European Commission Gives Nod To Beats Deal

    The European Commission said today that it has given approval to Apple Computer's acquisition of Santa Monica-based Beats Electronics. The European Commission said that the move did not raise any competition concerns for the regulator. Apple agreed to pay $3 billion for Beats back in May. The deal includes both the headphone electronics business and streaming music business of Beats.Continue →

  • Monday, July 28, 2014

    Fonality: More Than A Business Phone System, with David Scult

    In an intensely competitive area, how do you differentiate yourself and grow a company?
    With around a hundred employees in Los Angeles, and $40M in revenues, Fonality ( --a developer of voice-over-IP phone software and systems--has managed to rise above the crowd of commodity voice-over-IP and PBX service providers. We spoke with David Scult, the company's CEO, to learn more about what the company is doing nowdays....Continue →

  • Monday, July 28, 2014

    Slacker Rolls Out Amazon Fire Phone App

    San Diego-based streaming music and radio company Slacker was one of the companies rolling out a new, Amazon Fire Phone app last week, as launched its own smartphone on AT&T. Slacker said last week that it has released a new version of its music app, specifically aimed to take advantage of Amazon's new smartphone platform. The new app is free....Continue →

  • Monday, July 28, 2014

    Ceres Gets Funding From Brazil

    Thousand Oaks-based agricultural biotech developer Ceres said this morning that its product development programs in Brazil are now being funded in part by that country. Ceres said it is expanding its product development programs in the country for sorghum and sugarcane, under funding from the Brazilian government's PAISS Agricola initiative. Ceres said the effort makes it eligible for approximately $34M in government subsidized loans....Continue →

  • Monday, July 28, 2014

    Newport Corporation Buys V-Gen Ltd.

    Irvine-basd Newport Corporation, which develops optical components, lasers, photonics, and other equipment, said last week that it has acquired Israeli laser company V-Gen Ltd.. Financial terms of the buy were not disclosed. Newport Corporation said that V-Gen Ltd. is a developer of fiber lasers, and has approximately 50 employees worldwide. The deal is expected to add $15M to $20M in sales over the next twelve months.Continue →

  • Monday, July 28, 2014

    MRV Expands Board

    Chatsworth-based optical network hardware maker MRV Communicaitons has expanded its board of directors, saying this morning that it has added Jeannie H. Diefenderfer to its board of directors. Diefenderfer is Chief Procurement Officer for Verizon Communications, and also serves as Senior Vice President of Global Engineering and Planning. She also is a trustee at Tufts University.Continue →

  • Monday, July 28, 2014

    Broadcom Gets Design Win In India

    Irvine-based Broadcom reports this morning that it has signed up a set top box manufacturer in India. Acccording to Broadcom, Tata Sky will be using its systems-on-a-chip in its first general of HD set top boxes, for a mass deployment through 2015. Financial impact of the win was not disclosed. Braodcom said Tata Sky is using its BCM7252 high efficiency, video codec H.265 systems-on-a-chip as part of that set-top box....Continue →

  • Friday, July 25, 2014

    Demand Media: Rightside Group Spinoff Expected August 1st

    Santa Monica-based Demand Media said late Thursday that it expects the separation of its domain name services business, Rightside Group, on August 1st. According to Demand Media, it expects the tax-free dividend distribution of all outstanding shares of Rightside to its common stock holders by August 1st, with Rightside expected to list itself on the NASDAQ Global Select Market under NAME immediately after that distribution.Continue →

  • Friday, July 25, 2014

    Brain Corporation Taps Qualcomm Exec For Board

    San Diego-based Brain Corporation, a company which is developing an operating system for robots, said this week that it has added former Qualcomm President and Vice Chairman Steve Altman to its board--and also revealed that it is getting the support and backing of Qualcomm itself in its efforts....Continue →

  • Friday, July 25, 2014

    Factual Rolls Out Trusted Data Contributor Program

    Los Angeles-based data startup Factual, which owns a giant "database in the sky" of things like geolocation data and retail business location information, has launched a new program to allow "trusted data contributors" to ensure data in its data stores are correct. The company said the limited number of providers have been vetted and will help make sure business data in its database is up to date and correct....Continue →

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