Flipagram Is Shopping Itself Around to Potential Buyers, Appetize signs deal to supply devices to Los Angeles Memorial Coliseum, CBS All Access Launches Ad-Free Option, and more.
Appetize Signs Deal to Supply Devices to Los Angeles Memorial Coliseum
Point-of-sale system manufacturer Appetize of Santa Monica has signed a deal with venue management firm Legends to outfit the Los Angeles Rams’ temporary home, the Los Angeles Memorial Coliseum, with its devices, reports L.A. Business Journal. The deal makes Appetize the preferred point-of-sale vendor for Legends and also includes venues, such as the Golden 1 Center in Sacramento, and The Ford Center at The Star in Frisco, Texas. Terms of the deal were not disclosed.
Prime Focus Technologies Receives Funding
Prime Focus Technologies of Culver City has received an undisclosed amount of funding from Ambit Pragma, according to a press release. Prime Focus Technologies develops a media enterprise resource planning software.
AeroVironment Shares Fall on Lower Revenue
After AeroVironment Inc. said its revenue fell 23 percent in the last quarter, mostly driven by continued declines in sales of its unmanned-aircraft systems, the company’s shares fell 17 percent to 24.74 a share, reports MarketWatch. The unmanned-aircraft business, which generates the vast majority of the company’s sales, reported revenue dropped 24 percent to $30.5 million.
Flipagram Is Shopping Itself Around to Potential Buyers
Flipagram, which makes an app that lets users stitch together photos and videos into slideshows, is shopping itself to potential buyers, reports Recode. The startup is approaching companies, such as Facebook, Google, Twitter, and Snapchat, according to sources, and is looking for a buyer to pay the company’s most recent valuation, which is between $300 million and $400 million.
CBS All Access Launches Ad-Free Option
CBS has launched an ad-free version of its online streaming service CBS All Access, reports the Hollywood Reporter. The new subscription tier will cost $9.99 a month, $4 more than the tier that continues to show commercials.
Technology reporter Garrett Reim can be reached at [email protected]. Follow @garrettreim on Twitter for the latest in L.A. tech news.
