Bam Ventures launches incubator for Brian Lee’s ideas, Bankrupt Nasty Gal may have a suitor, Annapurna Pictures launches video game division, and more.
Bam Ventures Launching Incubator for Brian Lee's Ideas
Bam Venture Partners has started raising a second $30 million fund which it will use, in part, to invest in and incubate startup ideas thought of by Brian Lee, co-founder of the fund and chief executive of the Honest Co. of Playa Vista, reports the L.A. Business Journal. What capital isn’t used for the incubator will be invested in seed and early stage deals, similar to the sort of investments made by the first Bam Ventures fund.
Bankrupt Women Retailer’s Nasty Gal May Have a Suitor
A British online retailer has reportedly put in a bid for L.A. women’s retailer Nasty Gal Inc., which filed for bankruptcy last month, reports the L.A. Business Journal. Boohoo, founded in Manchester in 2006, registered a company with the name “Nasty Gal Limited” with the British government on Nov. 21, according to online records.
DirecTV Now Launch Beset with Issues
AT&T’s new TV streaming service DirecTV Now appears to have faced significant problems on its launch day as numerous users reported on Twitter that they were unable to use the service for extended periods of time, reports Variety. Many complained that DirecTV Now was kicking them off for allegedly using too many devices at the same time.
Hulu Launches 4K-Quality Video
Hulu is offering a selection of titles in 4K Ultra HD, including its original TV shows such as “The Path” and Stephen King’s time-travel thriller “11.22.63,” in addition to the bulk of the James Bond movie franchise catalog, reports The Verge. The 4K titles are available to Hulu subscribers who have Microsoft’s Xbox One S and Sony PlayStation 4 Pro consoles.
Megan Ellison's Annapurna Pictures Launches Video Game Division
Annapurna Picture, which produced “Zero Dark Thirty” and “20th Century Women,” and is run by Oracle Corp. founder Larry Ellison’s daughter, Megan Ellison, has launched a video game division, reports The Hollywood Reporter. Annapurna Interactive will develop what it said were "personal, emotional and original games that push the boundaries of interactive content," similar to its mission around films.