Wednesday, March 30, 2016Qualstar Seeks Strategic Alternatives, Hints At LayoffsWeestlake Village-based data storage and high efficiency power supply maker Qualstar said Wednesday that it is looking at "strategic alternatives", including "mergers, acquisitions and divestures", and also will make "personnel adjustments" to help it reduce operating expenses. Qualstar also said it will be consolidating its administrative and data storage team into its Simi Valley facility, and sublease its Westlake Village office, in order to reduce rent expenses. The move came as it announced (More info...)
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Fullscreen Set To Launch $4.99 A Month Video Streaming Service In AprilLos Angeles-based Fullscreen is getting set to launch its own video streaming service, starting next month, and will charge $4.99 a month for streaming access to both original and licensed content. Fullscreen, which detailed its plans today for the service, had announced plans for the streaming service in September. According to Fullscreen, the new service will include feature films, scripted and unscripted acquisitions and originals, along with content from its creators and social influencers. (More info...)
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Amazon Opening New Fulfillment Center In San BernardinoOnline shopping giant Amazon.com is opening up a new fulfillment center in San Bernardino, the company said on Wednesday, which will be the e-commerce giant's seventh facility in California. Amazon said the new, 1.1 million square foot center will pick, pack, and ship smaller customer items, such as books, electronics and toys, and will create more than 1,000 full time positions. Amazon says it now has over 12,000 full time, hourly associates across six existing fulfillment centers in California (More info...)
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Sony Launching New 4K Streaming ServiceCulver City-based Sony Pictures Home Entertainment says it is planning to roll out a new, 4K Ultra HD moving streaming service on April 4th. According to Sony, the new movie streaming service, ULTRA, will debut on the Sony 4K Ultra HD TV with Android TV. The company said a "variety" of movies will be available for purchase and playback in 4K Ultra HD.
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Younity Rolls Out On AndroidYounity, the personal media server and sharing software which is the flagship software of Encinitas-based Entangled Media, is now available on Android, according to Entangled Media. The software, which is free, let users access media files--such as music, photos, and other information--from their own computers and devices, without uploading them to the cloud. The software works with both Windows and Mac computers, and supports streaming of audio and video, as well as access to files, from other (More info...)
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LA Dodgers Accelerator Opens Apps For New ClassThe LA Dodgers Sports and Entertainment Accelerator has opened up applications for a new class of startups, as the Los Angeles Dodgers and R/GA Venture said they plan to run another startup accelerator class. According to the LA Dodgers and R/GA, it will select five to seven startups in this new class, giving them access to both the executive leadership team of the Dodgers and its business units, plus access to marketing, branding, design, and technology services. Applications are being accepted (More info...)
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Invoca Picks Up $30M MoreSanta Barbara-based Invoca, the developer of call tracking software used by marketers, has raised $30M more in a Series D funding, the company said this morning. The funding was led by Morgan Stanley Alternative Investment Partners, along with Accel Partners, Upfront Ventures, Rincon Venture Partners, Salesforce Ventures and Stepstone. Incova said it has now raised a total of $60M in funding. The new funding will go towards sales, marketing, customer support, and product development, according t (More info...)
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Zavante Therapeutics Gets $45MSan Diego-based Zavante Therapeutics, a biopharmaceuticals firm developing injectable antibiotics, has raised $45M in a Series A financing round. Zavante said the investment was led by Frazier Healthcare Partners and Longitude Capital, and also included Aisling Capital. The new funding included $35M in new investment, and $10M in conversion of existing convertible notes. As part of the funding, David Hirsch of Longitude Capital will take a board seat, and Andrew Schiff of Aisling Capital will jo (More info...)
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Neural Analytics Adds Ed Zander As AdvisorLos Angeles-based medical device developer Neural Analytics says this morning that it has added former Motorola CEO Ed Zander as a corporate strategy advisor for the company. Zander also served as President of Sun Microsystems, and is an active investor in early stage technology companies. Neural Analytics said Zander will help the company as it prepares to launch its products. Neural Analytics is developing medical devices to measure, diagnose, and track concussions (traumatic brain injury, or (More info...)
posted on Wednesday, March 30, 2016(Full story)