Silicon Beach Report May 11: Lions Gate Ordered to Pay $5.8 Million to 'Biggest Loser' Star Jillian Michaels for Airing Workout Videos on YouTube
Lions Gate ordered to pay $5.8 million to 'Biggest Loser' star Jillian Michaels for airing workout videos on YouTube, TrueCar adds pricing information to eBay Motors, and Lyft moving into space in Arts District.
Snap Inc. reports slow user growth, SpaceX considering sending two Dragon capsules to Mars in 2020, and Jordan Levin named CEO of AwesomenessTV.
Snap Inc., parent company of Snapchat, reported a net loss of $2.2 billion (-$2.31 a share) during its first quarter as a public company, stemming mostly from stock-based compensation issued to employees for its initial public offering in March.
Snapchat photos can now be viewed indefinitely, Cover raises $1.6 million to build prefab structures for homes, and SpaceX tests Falcon Heavy core.
Snapchat users can now opt to allow their photos to be viewed indefinitely instead of having them disappear after 10 seconds, according to a statement released by Venice’s Snap Inc. on Tuesday.
Cover Technologies Inc., a prefab building company that designs and manufactures backyard studios, has raised $1.6 million in seed funding, according to a statement released Tuesday.
Silicon Beach Report May 8: Snap Inc. Reportedly Disinterested in Snapchat Users in the Developing World
Snapchat reportedly disinterested in users in the developing world, Aerojet Rocketdyne says AR1 rocket engine development is on schedule, and Revolution Prep raises $4 million.
Tan Capital Partners has acquired the intellectual property of market research firm Osurv for an undisclosed sum, the companies announced on Friday.
SpaceX to relaunch second used rocket in June, Ellen DeGeneres adds show to YouTube, and agencies say Snapchat self-service feature will make it competitive with Facebook.
FOOD: Parent company of Soylent piles up $50 million in Series B funding round.
Meal-replacement drink manufacturer Rosa Foods Inc., maker of the Soylent food alternative, has raised a $50 million Series B round led by GV (formerly Google Ventures) with participation from Tao Capital Partners as well as prior investors Lerer Hippeau Ventures and Andreessen Horowitz.
Soylent raises $50 million, plans in-store sales, Leaf Group acquires home goods e-retailer Deny Designs for $12 million, and Snap Inc. hires media companies to produce original shows for Snapchat
A study by App Annie estimates that 46 percent of Snapchat users don’t use Instagram, Pluto TV signs TV and movie deal with Lions Gate, MGM, and Warner Bros, and Hulu launches live TV programming.
Former UFC owners launch Fertitta Capital with $500 million fund, Venice venture capital fund raises $212 million aimed at real estate tech, and Disney rebrands Maker Studios as Disney Digital Network.
Fertitta Capital launched its first fund on Monday, worth $500 million, which it plans to invest in technology, media, and entertainment companies.
SpaceX launches first spy satellite, Awesomeness signs Netflix movie deal, and Snapchat rolls out new viewability score.