Los Angeles Business Journal


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Collective Digital Studio Axes Collective Arm

Multichannel network Collective Digital Studio last year spun out of music management firm The Collective, and now it’s leaving its parent behind.

Woven Digital Wheels Out $18 Million

Pop culture publisher Woven Digital, the company behind entertainment sites Uproxx and BroBible, has raised $18 million in Series A financing.

DCDC Expands Theater Network

Digital Cinema Distribution Coalition, which distributes digital content to partnered movie theaters via satellite and ground technology, has added Carmike Cinemas Inc., Marcus Theatres and Wehrenberg Theatres to its network.

Fullscreen Joins Forces with India’s Qyuki

Fullscreen has entered an exclusive partnership with Qyuki, a multichannel network in India, to tap into the South Asian country’s growing video market.

Uber Sued by L.A. and San Francisco District Attorneys

Los Angeles and San Francisco District Attorneys have flashed a glaring red light to Uber’s ridesharing operations in California, filing a lawsuit Tuesday that claims the company committed multiple business practice violations including misleading passengers on the safety of their rides.

TigerText Expands Messaging Features

TigerText, the company that powers text messaging systems for businesses, has added features to its messaging app to broaden its enterprise appeal.

Snapchat Snaps Up Chief Strategy Officer

Snapchat has hired veteran banker Imran Khan to become its first chief strategy officer, a spokeswoman for the Venice startup said.

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DeviantArt Unveils Mobile App

DeviantArt, an art enthusiast site, has released its first mobile app to expand its online community of artists and art lovers.

CollegeHumor to Shop for Buyer

Barry Diller’s InterActiveCorp is reported to be shopping comedy website CollegeHumor, for about $100 million.

Fullscreen Plans Premium Paid Programming

The digital media space is getting that much bigger.

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L.A. Launch List: Dec. 5

On this week's Launch List: Apps from Sophia Loren's son, Demand Media's former chief executive and a coupon site.

RealD Downsizes, Announces Layoffs

RealD Inc., which develops and licenses 3D technology, said it will downsize facilities and undergo layoffs. The moves will result in $16 million in additional cost savings. It did not specify how many employees would be let go.

Vantage Media Sells Segment to Campus Explorer

El Segundo ad tech firm Vantage Media has sold its education services business to Santa Monica’s Campus Explorer, a college resource platform for students.

CallFire Acquires FireText

CallFire, Inc., a cloud phone and text services provider, has acquired UK text message marketing firm FireText to expand its European presence.

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Former Demand CEO’s Whipclip Gets $20 Million

Whipclip, a video-sharing mobile app from Demand Media’s founder and former chief executive Richard Rosenblatt, has launched in private beta after raising $20 million in total financing.