Where top VCs are investing in media, entertainment & gaming

Most of the strategy discussions and news coverage in the media and entertainment industry is concerned with the unfolding corporate mega-mergers and the political implications of social media platforms. These are important conversations, but they’re largely a story of twentieth-century media (and broader society) finally responding to the dominance Web 2.0 companies have achieved. To […]

Epic Games CEO says Apex Legends hasn’t made a dent in Fortnite

In the wake of Apex Legends, which has briskly grown to 50 million players, many have wondered whether Fortnite has felt the impact. But Epic Games CEO Tim Sweeney told GamesBeat that Apex hasn’t really made a dent. Without being asked about Apex Legends, Sweeney said “an Apex Legends worth” of players have come over […]

Tesla’s top attorney leaves after two months on job due to ‘poor cultural fit’

Tesla’s general counsel, a veteran trial lawyer, has been replaced with a company insider just two months after taking the post. Dane Butswinkas, who was named Tesla general counsel in December, is leaving the company, Tesla confirmed. Jonathan Chang, who was most recently vice president of legal at Tesla, has taken over the general counsel position. […]

FabFitFun raises $80 million for its growing lifestyle brand

Nine years after launching its online magazine, and three years after diversifying into the subscription box business, FabFitFun has raised $80 million in a growth round of funding, led by Kleiner Perkins, with participation from its previous investors Upfront Ventures and NEA.  The Los Angeles-based company has steadily expanded its retail and lifestyle empire through […]

BioWare’s ambitious Anthem is off to a rough start as players bring servers to their knees

The gaming world is excited to play Anthem, BioWare’s answer to Destiny and other big-budget online shooters — but an exclusive preview weekend for the mech-flying game has struggled to get off the ground. Of course, it wouldn’t be a game launch these days without a few hiccups to spice things up, but it is a […]

Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio, Jam City and giving the company $145 million in new funding to carry that out. There’s no word on whether the new money is in equity or debt, but what is certain is that JPMorgan Chase […]

Apple plans major US expansion including a new $1 billion campus in Austin

Apple has announced a major expansion that will see it open a new campus in North Austin and open new offices in Seattle, San Diego and Los Angeles as it bids to increase its workforce in the U.S. The firm said it intends also to significantly expand its presence in Pittsburgh, New York and Boulder, Colorado […]

Meet the startups in the latest Alchemist class

Alchemist is the Valley’s premiere enterprise accelerator and every season they feature a group of promising startups. They are also trying something new this year: they’re putting a reserve button next to each company, allowing angels to express their interest in investing immediately. It’s a clever addition to the demo day model. You can watch […]

Ex-Zynga execs raise $15 million for their new gaming studio, Manticore Games

 In the eight years since Frederic Descamps and Jordan Maynard launched their last gaming startup, the industry they helped shape now brings in more than $100 billion in revenues globally. There’s been a resurgence in gaming on PCs. User-generated content has produced a string of wildly popular hits. Those trends are exactly what the two […]

Small startup shows us the wrong way to incentivize programmers

A small Los Angeles-based company, Bee Technologies, recently made a stir on Reddit by asking potential unpaid interns to complete a fairly complex software product before they were “hired.” The resulting conversation is interesting simply because it shows where “passion” for a job stops and “ridiculousness” starts. The exchange began innocuously enough. A programmer, Sina […]