Just weeks after closing its merger, ViacomCBS has bought a stake in Miramax, the studio behind such hits as “Pulp Fiction,” and “Shakespeare in Love.” Under the terms of the deal, ViacomCBS will acquire 49% of the studio from beIN Media Group for $375 million–with $150 million upfront and the rest over the next five years. Under the deal, Viacom CBS’ studio, Paramount Pictures will have a...
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Chatbot Startup Character Seeks $250 Million, Testing Investor Appetite for AI
Character, an AI chatbot startup founded by two former Google researchers, has told investors it wants to raise as much as $250 million in new funding, according to two people with direct knowledge of the matter. The pitch will test investors’ appetite for machine-learning startups as Microsoft’s multibillion-dollar deal with OpenAI casts a halo over the sector. A funding round of...
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