Federal Appeals Court Upholds Net-Neutrality
The U.S Court of Appeals for the District of Columbia Circuit on Tuesday upheld the government’s net-neutrality rules that compel internet service providers to treat all web traffic equally, reports the Los Angeles Daily News. The 2-1 ruling represents a victory for consumers who rely on broadband service as a public utility, meaning internet service providers cannot offer better service to sites that pay extra. AT&T, who last year acquired El Segundo based provider DIRECTV, has issued statements on its website saying it will appeal the decision to the Supreme Court.
Loot Crate Receives $18.5 Million in Funding
Los Angeles based e-commerce subscription company, Loot Crate has secured $18.5 million is Series A funding, reports Tech.co. The company sends subscribers themed boxes full of accessories and apparel based on pop culture and video game brands. According to a company statement, since its 2012 launch Loot crate has grown its revenues to more than $100 million annually.
Electronic Arts Inc. Breaks into E-Sports Market
Two days before the Electronic Entertainment Expo (E3) hit Los Angeles, video game publisher Electronic Arts announced its plans to award $1 million to top “Madden NFL 17” players over the next year, reports the Los Angeles Times. The prize money is meant to advertise for EA’s upcoming four-tournament series that will mark the company’s first foray into e-sports this fall.
AutoMobility LA Represents Merge Between Tech and Auto Industries
The Connected Car Expo and the Los Angeles Auto Show recently merged their press and trade days to create AutoMobility LA. The joint expo is running a competition to find the top ten startups within the sectors of transportation and mobility, reports cnet.
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