Tuesday, August 27, 2013Hulu In Co-Production Deal With LionsgateSanta Monica-based Hulu, the online television streaming site, has inked a deal to co-produce a new original series with Lionsgate, the two said today. The two said they will product a 10-episode, half-hour series called "Deadbeat", which will be the first, co-production effort between the two companies. The new series is a comedy, centered around ghosts in New York. The companies said production on the series begins in the fall, and the series wil be distributed on Hulu and Hulu Plus in the U.S (More info...)
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PowerGenix Gains Chinese CertificationSan Diego-based battery technology developer PowerGenix reports this morning that its Nickel-Zinc battery technology has been certified by China's National Laboratory. PowerGenix said the certification means the company's batteries have been certified for advanced micro-hybrid vehicles in China. PowerGenix is developing an alternative to lithium ion, offering lower weight and higher energy density, as well as better safety; the company has been targeting the use of those batteries in automobiles (More info...)
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Cool Planet Energy Completes Road Test In Ventura CountyCamarillo-based Cool Planet Energy Systems reports today that it has completed a road test and trial in Ventura County, demonstrating its technology for converting non-food biomass into gasoline, jet fuel, and other products.
According to Cool Planet, it ran a joint vehicle road test with the County of Ventura, using a 5 percent blend of the company's renewable, low carbon gasoline for six weeks. The two said the test was approved by the California Air Resources Board (CARB), and is a milest (More info...)
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Fisker Automotive May Sell For $25M, Says ReportAnaheim-based Fisker Automotive, the highly troubled electric car maker, spent over $1.4 billion in capital to bring its automobiles to market. But it appears, the company is possibly being acquired for just $25M, by a group of German investors. Fisker--which has laid off most of its staff, is being sued by supppliers, and has stopped selling cars--has yet to declare bankruptcy, but has been looking for a buyer since May, after laying off nearly all of its employees.
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FilmTrack Gets $20M For Rights Management SoftwareStudio City-based FilmTrack, which develops software-as-a-service for managing rights and content management for the film, video, and television industry, has raised $20M in a funding round. The round came from Insight Venture Partners. According to FilmTrack, the new funding will go towards growth of the company. FilmTrack is led by Jason Kassin, and helps film, video, and television publishers with managing their intellectual property. The company said that Peter Sobiloff and Nikitas Koutoupes (More info...)
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Broadcom Targets Wearable Electronics MarketNeed a sensor in your jewelry, or Wi-Fi in your hat? Irvine-based Broadcom is targeting the emerging "Wearable electronics" market, with a new platform, the firm said this morning. According to Broadcom, it has launched a new platform called Wireless Internet Connectivity for Embedded Devices (WICED), specifically aimed at helping to bolster the low power "Internet of Things". Broadcom did not announce any specific products for the market, but said it is looking to enable OEMs to design accessor (More info...)
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Ceregene Acquired By Sangamo BioSciencesSan Diego-based Ceregene, a startup developing gene-therapy based products for treating Parkinson's and Alzheimer's disease, has been acquired by Richmond, California-based Sangamo BioSciences. Sangamo said it will issue 100,000 shares of its common stock--approximately $1.0M--to acquire Ceregene, plus unspecified earn-out. Ceregene had been venture backed by Alta Partners, California Technology Ventures, Cell Genesys, Hamilton BioVentures, Investor Growth Capital Ltd., and MPM Capital, and had (More info...)
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TrueCar Sets Investor Relations VPSanta Monica-based car buying information provider TrueCar has bolstered its executive staff, saying Monday that it has added Alison Sternberg as its new Vice President of Investor Relations and Administration. Sternberg joins the company from Modular Wind Energy, where she was Chief of Staff to the CEO; she also served at the private wealth arm of Goldman Sachs in Los Angeles, Heidrick & Strugggles, Ares Management, and investment banking at Goldman Sachs in New York. TrueCar said Sternberg wi (More info...)
posted on Tuesday, August 27, 2013(Full story)