France-based premium pay television channel Canal Plus took a majority interest in YouTube French comedy channel group Studio Bagel for an undisclosed amount to beef up its Over the Top Technology (OTT) business in the country.
News/Media
Content Media acquires Chinese media producer Alive Group
Santa Monica, US-based media entertainment firm Content Media Corp acquired Beijing, China-based producer Alive Group for an undisclosed amount to gain access to the booming Chinese market.
Los Angeles files lawsuit against Time Warner Cable Inc, claims cable firm owes it $9.7M in fees
The City of Los Angeles sued Time Warner Cable Inc for its failure to pay franchise fees amounting to nearly $10 million in the past, the Los Angeles Times reported.
Alibaba Group Holding agrees on majority stake purchase of ChinaVision Media Group in $804M deal
Alibaba Group Holding will be buying a majority stake in ChinaVision Media Group Ltd in an $804 million deal, allowing it to access TV and movie content, Reuters reported.
Google Ventures pulls out funding for Bustle
Google Ventures took out the $100,000 backing it gave to Bustle, a woman-focused publication, after the investor found that they did not anymore share the same values with its founder, TechCrunch reported citing sources.
Latest News
Mashable completed its Series A funding round with $14 million. The round was closed with an investment from Tribune Digital Ventures, a statement about the financing revealed.
San Antonio, Texas-based diversified holding firm Biglari Holdings Inc, through a wholly-owned subsidiary, bought New York, US-based men's magazine brand MAXIM for an undisclosed sum.
Unterfoehring, Germany-based production and distribution firm Red Arrow Entertainment Group picked up a majority stake in Bethesda, US-based entertainment firm Half Yard Productions in a deal estimated to be valued at more than $40 million.
New York City, US-based music publisher Reservoir Media Management picked up the music catalogue of Ireland-based First State Media Group for an undisclosed amount to increase its list to 75,000 songs.
Singapore-based business consortium DDB Group Asia Pacific acquired Bangalore, India-based digital marketing firm 22feet for an undisclosed amount in a bid to be the leader in the development of India's digital marketing solutions industry.
Netflix has agreed to pay one of the largest broadband providers in the United States Comcast Corp for faster speeds, throwing open the possibility that more content companies will have to shell out for better service.
Koos Bekker, the Chief Executive Officer of South Africa-based e-commerce and media giant Naspers Ltd, will be stepping down on April. He will be replaced by Bob van Dijk, Reuters reported.
China-based Fosun International Ltd is the most likely acquirer of Forbes Media Llc but will be paying less than $250 million for the money management magazine, according to sources interviewed by The Deal Pipeline.
Needham, US-based digital video advertising distributor Extreme Reach pocketed $50 million in a venture round from Village Ventures, Greycroft Partners, Spectrum Equity, and Long River Ventures.
