LiveXLive signs Tencent deal; Phyn gains $12 million; Hello Sunshine links with Audible

Resource management startup raises $12 million

Smart water management software developer Phyn Inc. announced May 9 it received a $12 million investment from its parent companies, Playa Vista-based wireless technology firm Belkin International and Helsinki-based water delivery provider Uponor. Phyn spokesperson said the funding will go towards product development, and further expansion in U.S. and global markets, the Business Journal reports.

LiveXLive Media signs Tencent Deal

West Hollywood-based LiveXLive Media Inc. inked a deal with Tencent Video, a Chinese video platform, to stream a Las Vegas music festival to viewers in China, Socaltech reports. LiveXLive reports it granted Tencent rights to distribute its livestream of the EDC Las Vegas music festival throughout China from May 17 to May 19. Terms of the deal were not disclosed.

Hello Sunshine partners with Audible

Reese Witherspoon’s Santa Monica-based media firm Hello Sunshine is taking its mission to tell women’s stories to the audiobook sector thanks to a new deal with audiobook publisher Audible Inc. The deal is for three audio memoirs that are co-produced with Audible exclusively for Audible’s platform, Variety reports.

Tech reporter Samson Amore can be reached at samore@labusinessjournal.com or (323) 556-8335. Follow him on Twitter @samsonamore.

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