Disney to Gain Control of Hulu after 21st Century Fox asset acquisition, TrueCar settles lawsuit with California New Car Dealers Association and Lily raises $2 million for personal stylist.
Walt Disney Co. will gain control of Hulu after acquiring 21st Century Fox’s stake, Recode reports. Hulu’s 12 million subscribers could help Disney launch its own streaming service.
TrueCar Inc. and the California New Car Dealers Association announced that they have settled their lawsuit, according to a press release. TrueCar has agreed to transition its billing model in the State of California from a pay-per-sale model with a cap to a flat-fee subscription billing model by Jan. 1, 2019, and also to double the indemnity that it provides to California dealers who participate on the TrueCar program.
Lily closed $2 million in seed funding from NEA and other investors to develop its personalized stylist technology, TechCrunch reports. To better understand a woman’s personal preferences around fashion, Lily uses a combination of algorithms and machine learning techniques to recommend clothing that fits, flatters and makes a woman feel good, the company said.
Technology reporter Garrett Reim can be reached at email@example.com. Follow him on Twitter @garrettreim for the latest in L.A. tech news.