VENTURE CAPITAL POST

A flurry of private Chinese investment into Hollywood should prompt Beijing to loosen its restrictions on U.S. film imports, the mayor of Los Angeles said in China on Friday as he urged officials to raise the country's annual cap on foreign films.

Ten years ago, Walt Disney Co, having fended off a hostile bid from Comcast, had to make a case why it was better off as an independent company.

American film and music producer Warner Bros picked up a minority stake in Santa Monica, California-based broadband television startup TV4 Entertainment for an undisclosed amount to maintain its standing in the digital-video industry.

San Francisco, US-based firm Kontangent+PlayHaven, a company that resulted from a merger three months ago, is rebranding as Upsight to create a single platform that integrates both game analytics and monetization.

Burbank, US-based movie company Warner Bros is mulling over a $10 million to $15 million investment in YouTube game-focused web video site Machinima, according to a report by the Wall Street Journal (WSJ).

After years of putting young firms at the backseat, more corporations are now financing early stage startups in the technology space through accelerator programs, TechCrunch reported.

Financing was released by RatPac-Dune Entertainment for about 75 films to Warner Bros. studio.

Warner Bros announced today that it would be releasing a film series based on Harry Potter character Newt Scamander and will have its creator and author JK Rowling as the film's screenwriter.

A books website claimed that actor Bryan Cranston of "Breaking Bad" tv series will be playing Lex Luthor for the 2015 Superman film.

Time Warner beat the earnings projections of analysts as ad revenue boosted.