Los Angeles Business Journal


Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

Mobile Video Game Studio Gets $5 Million From Accel

Pasadena mobile game maker Industrial Toys announced Tuesday that it has secured $5 million in Series A funding from Accel Ventures, according to a statement.

Machinima Names New Chief Executive

YouTube multichannel network Machinima announced Monday that Chad Gutstein, former chief operating officer at Ovation television network, will become the company’s new chief executive

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Music Streaming Service Cues Up Revenue Plan

INTERNET: Plug.dj says money not focus as it seeks to navigate rights issues.

Music streaming service Plug.dj sounds out a revenue model it’s works to get a handle on rights issues.

Former Law Students Seek to Forge Online Links

INTERNET: Duo launches website to help customers connect with attorneys.

Michael Chasin and Aaron George were fellow students at Loyola Law School when they took a look at the industry they were about to enter and noticed a problem.

Fullscreen Acquires Gaming Network ScrewAttack

Culver City YouTube network Fullscreen announced Friday that it has acquired ScrewAttack, a Dallas website and YouTube channel for video gamers.

Realty Mogul Raises $9 Million in Series A Round

Beverly Hills real estate crowdfunding company Realty Mogul has raised $9 million in Series A financing from Canaan Partners, according to a press release.

German Media Conglomerate Invests In Collective Digital Studio

Collective Digital Studio, a Los Angeles multichannel YouTube network, has received an eight-figure minority investment from German media giant ProSiebenSat.1 Group, according to a statement released on Thursday.

David Nazarian Gives $10 Million to CSUN Biz School

Cal State Northridge will rename its business school after David Nazarian following a $10 million gift by the L.A. tech and real estate investor.

NBCUniversal to Shut Down DailyCandy, Television Without Pity Sites

NBCUniversal is shutting down two websites next month after failing to find buyers for either property, according to media reports on Thursday.

GoCoin Nabs $1.5 Million in Series A Funding

Santa Monica alternative currency payment processor GoCoin announced today that it had raised $1.5 million in Series A funding. The round was led by Silver Spring, Md., bitcoin online retailer Bitcoin Shop Inc. and Owen Van Natta, former chief operating officer of Menlo Park Internet giant Facebook Inc.

MediaAlpha Sells Majority Stake to Insurance Firm

MediaAlpha, a three-year-old West Los Angeles company that provides a real-time ad bidding platform for the insurance industry, has received a majority investment from White Mountains Insurance Group in New Hampshire, the companies announced Tuesday. The amount of the investment and size of the stake were not disclosed.

Disney buys Maker Studios

The Walt Disney Co. has purchased Culver City YouTube network Maker Studios in a $500 million deal according to a statement released by the entertainment giant on Monday, confirming initial reports of the buyout last week.

Winnick Invests in Smart Ad Maker T+ink, Becomes CEO

Beverly Hills investment firm Winnick & Co. announced Monday it had acquired a majority stake in T+ink, a developer of interactive digital components for print ads through what’s known as conductive ink technology.

Glossi Dropping Desktop Publishing Platform

Glossi, an online magazine publishing platform headquartered in Santa Monica, announced plans to eliminate its desktop publishing service and launch a mobile-only version next month.

List Website Hopes It Has Your Number

Ranker takes Yelp-like ratings beyond just hotels, restaurants.

List-making website Ranker hopes it rates the description “a Yelp for everything else.”