Thursday, July 10, 2008Shopflick Raises $7M For Video Shopping SiteLos Angeles-based Shopflick said Thursday that the firm has raised $7M in a Series A funding. The site--which allows sellers to create and post videos about their products--said the funding came from Panorama Capital and Venrock. Shopflick said that its platform allows sellers to use video to tell the story behind their products, and allows those customers to purchase those products. The firm is led by David Grant, former founder and President of Fox TV Studios.
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The Linkup Terminates ServicesSan Diego-based The Linkup, the latest incarnation of file storage site MediaMax/Streamload, said Wednesday that the firm will be closing its services, as of August 8th. According to The LinkUp, it will no longer accept any uploads or new accounts, it will no longer charge customers, and it will also delete all files stored on the service. The firm said in a posting on its web site that it was unable to "satisfactorily complete" the move of files from MediaMax to The LinkUP, so it has decided to (More info...)
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PriceGrabber.com Launches Daily Deal FeatureLos Angeles-based PriceGrabber.com said today that the online shopping comparison site has launched a new feature focused on a "deal of the day." According to the firm, its new Product of the Day feature will limited number of a featured product, at a discounted price. The products will come from retailers like TigerDirect.com, EverythingFurniture.com, and DiamondHarmony.com. PriceGrabber.com is owned by Experian. The company said the daily products will be selected from PriceGrabber.com's 25 pr (More info...)
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En Pointe Technologies Sells IT Services BusinessLos Angeles-based En Pointe Technologies said late Wednesday evening that it has sold its IT services business, which is part of its wholly-owned subsidiary, En Pointe Technologies Sales, Inc. According to En Pointe, which provides IT products and services to businesses, it is selling its service business to Allied Digital Services Ltd., an Indian corporation, in a deal worth approximately $24M. Allied Digital Services Ltd. is a publicly traded corporation in India providing IT management and te (More info...)
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DivX Tabs Rodli as Sales, Marketing EVPSan Diego-based digital media firm DivX Inc. reported Thursday that it has hired Eric Rodli as executive vice president of sales and marketing. DivX said Rodli will report directly to Kevin Hall, the company’s chief executive officer. Prior to joining DivX, the company noted, Rodli was senior vice president and general manager for Macrovision’s entertainment business. From 2001-07, Rodli served as president of Eastman Kodak’s Entertainment Imaging division. He has also held various senior (More info...)
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MySpace Launches Channel with "Land of the Lost" CreatorsLos Angeles-based MySpace, the online social networking web site, said late Wednesday that it has inked a deal with Sid and Marty Krofft Pictures, a developer of children's television shows, to create new full-length licensed content on a new branded channel . Sid and Marty Krofft were behind the 1970's and 80's shows "H.R. Pufnstuf," "Land of the Lost," "Sigmund and the Sea Monsters," and "The Bugaloos." Financial impact of the deal was not disclosed. According to MySpace, the branded channel o (More info...)
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Vivendi Activision Deal CompletesVivendi and Activision said this morning that the two companies have completed the deal to merge the two companies into Activision Blizzard. The deal was initially announced in December. According to the firms, Activision Blizzard will continue to operate as a public company trading on the Nasdaq as ATVI. Activision shareholders approved the deal on Tuesday. The merged company creates a $18.9 billion market cap firm, which will include the World of Warcraft online game, and titles such as Guitar (More info...)
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Riot Games Rounds Up $7MLos Angeles-based Riot Games announced this morning that it has raised $7M in a round of funding, for the firm's upcoming online game titles. The funding came from Benchmark Capital and FirstMark Capital. Riot Games is the game development firm run by Brandon Beck and Marc Merrill, who have previously been involved in Ultima Online, Dungeon Siege, Jak & Dexter, Heroes of Might & Magic, and other titles. According to Riot, it is working on an undisclosed title and technology platform aimed at th (More info...)
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