Media/Telecom Entertainment

WarnerMedia Signs Deal with Roku to Distribute HBO Max

WarnerMedia and Roku struck a deal to distribute HBO Max on Roku devices, after months of negotiations. The agreement comes just days before WarnerMedia is debuting its Wonder Woman sequel, “Wonder Woman 1984”  on HBO Max at the same time as theaters on Christmas day. The deal removes a major obstacle that was facing HBO Max in expanding its subscriber base and comes just weeks after...

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Reality Check Facebook AR/VR
Facebook Kicks Off a Metaverse Reorganization
Facebook's Oculus Quest 2. Facebook on Tuesday suspended sales of the headset temporarily. Image courtesy Facebook/Oculus
Mark Zuckerberg wasn’t kidding when he said last week he hopes Facebook will morph from a social media giant into a metaverse company. As the company revealed Monday, his ambition is beginning to have real effects on Facebook’s org chart.As reported, Facebook is creating a new Metaverse product group under Facebook Reality Labs. Andrew Bosworth’s, VP of FRL and the overseer of this new group,...
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Tencent Temporarily Suspends New User Registration for WeChat
Intel to Make Chips for Other Customers Such as Qualcomm, Amazon
Tesla’s Profit Soars in Q2 On Sharply Higher Revenue
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Bolt CEO Ryan Breslow. Photo: Bolt
Exclusive
Online Checkout Startup Bolt Valued at $4 Billion
Bolt, a San Francisco-based startup that offers software for online shopping, is raising $333 million in Series D funding at a post-investment valuation of $4 billion, nearly five times its valuation in December, according to three people familiar with the matter.
Matt Mochary. Illustration: Mike Sullivan
Venture Capital Startups
The Coach Behind the Coinbase and Robinhood CEOs
Matt Mochary was on a high. AngelList CEO Naval Ravikant had just told the leadership consultant and former startup founder that their 90-minute session had solved a problem Ravikant had been grappling with for decades.
Amazon streaming chief Mike Hopkins. Photos: AP; MGM
Exclusive Media/Telecom Amazon
Mike Hopkins Wants to Make Amazon a Hollywood Powerhouse. MGM is Just the Start.
Mike Hopkins had barely gotten his Amazon employee badge when Prime Video, the streaming service he oversaw for the internet retailer, had a possible crisis on its hands.
Exclusive
Robinhood’s Biggest IPO Winners
When Robinhood was raising its early funding rounds, co-founder Baiju Bhatt kept a journal. In it were pages filled with the names of over 100 investors, most of them accompanied by an “X” mark to indicate they had passed on the investment, said an early investor who saw the journal.
Illustration by Danielle Davis.
Markets
Boxed, BuzzFeed Debt Deals Show New Financing Option for SPAC Mergers
In early March, when online retailer Boxed decided to go public through a merger with a special purpose acquisition company, it expected to raise $150 million by selling equity.
Exclusive Venture Capital Startups
The Robotics Startup That Got Away (From Amazon)
When Jeff Bezos attended a private robotics and artificial intelligence event in Palm Springs, Calif., in 2018, one presentation in particular caught the attention of the Amazon founder.