Thursday, March 14, 2013Hulu To Tap Forssell As Acting CEOLos Angeles-based Hulu reported Thursday afternoon that it will appoint Andy Forssell as acting CEO of the company, when current CEO Jason Kilar leaves at the end of the month. According to Kilar, Forssell helped grow the company from 2 content partners and no revenue to over 450 content partners and approximately $700 million revenue in 2012. Kilar also said that Disney and News Corporation are still working on "forward-looking plans" with the site.
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Cooking.com Sold To Target Corp.Marina Del Rey-based Cooking.com, the online retailer of cookware, kitchen products, and more, has been acquired by Target, Target announced Thursday. Financial terms of the buy were not disclosed. Cooking.com has been looking for a buyer since October of last year. In addition to its own website, Cooking.com operated online stores for the Food Network, Rachael Ray, Paula Deen, Pillsbury, and others.
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Picfari Takes On Travel Photo Opps
Picfari, another, new mobile travel photo application debuted today, saying that it is looking to help travelers find the best places to take photos at popular travel destinations. According to the Newport Beach startup, founded by couple Scott and Jackie Herr, the new, free mobile app helps photographers of all abilities take well-composed, memorable snapshots. The service looks to be similar to venture backed Crash, another mobile app which helps travelers to find travel photo locations.
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Domain Associates In Chinese Healthcare VentureSan Diego-based Domain Associates is thinking outside the box. The venture capital box, that is. The venture capital investor said Wednesday that it has linked with Chinese advisory firm Elite Consulting, to bring advanced healthcare products and technologies to China. Domain said the new partnership, Domain Elite, will create new companies and joint ventures in China, which will provide Western companies the financing, regulatory, medical, and marketing support and infrastructure needed to brin (More info...)
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Qualcomm Names Venture Investment Prize WinnerSan Diego-based Qualcomm has named the winner of its annual, Qualcomm Ventures QPrize Venture Investment Competition, the company said this morning. Qualcomm said it has awarded $150,000 in convertible note funding to iOnRoad, and Israeli company which is developing apps to help drivers detect vehicles on the road and alerting them to danger. iOnRoad had previously won $100,000 from Qualcomm for winning the Israeli region competition of Qualcomm's QPrize competition. Qualcomm's venture prize com (More info...)
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Transphorm Releases Silicon Power DevicesHeavily backed power semiconductor developer Transphorm--which has raised north of $100M from such investors as Kleiner Perkins Caufield & Byers, Foundation Capital, Google Ventures, and others--said this morning that it has released a new, GaN-based power electronics product. The firm said it has released a 600 V GaN device, which is aimed at use in power supplies and adapters, PV inverters for solar panels, motor drives, as well as power conversion for electric vehicles. Transphorm said its ne (More info...)
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WhooHooLive Takes On Rare Recordings, VideosWhooHooLive.com, a new Los Angeles-based music streaming and download service, said Wednesday that it has debuted a new service focused on rare, live recordings and videos. The site said it will offer up audio and video concerts and music of such artists as Emerson Lake & Palmer; Todd Rundgren; Iggy Pop and The Nice. The new site says it is looking to become a source for performances and music previously only available as bootlegs, and is working with the artists for authorized recordings. The n (More info...)
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ValueClick Names Chief Marketing OfficerWestlake Village-based ValueClick announced this morning that it has named Scott G. Eagle as its new Chief Marketing Officer. According to ValueClick, Eagle has previously served at such companies as Empowered Careers, eHarmony, Claria Corporation, Concentric Network Corporation, MFS Communications and The Proctor & Gamble Company. Eagle also serves on the board of Akademos. ValueClick's new CMO reports to ValueClick's President and CEO, John Giuliani. ValueClick is a developer of online adverti (More info...)
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