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Ozy Media Raises $10 Million During Latest Round of Funding

  • The Wrap
Ozy Media Raises $10 Million During Latest Round of Funding
Ozy Media has raised $10 million in its third round of funding, led by venture-capital firm Gsv Capital, which brings the Silicon Valley startup’s total amount raised to $35 million. The company will use these funds to invest in additional editorial staff that “discover and report on important cutting edge stories being told nowhere else,” according to the company. “Now more than ever before people are looking for a news source outside the echo chamber,” says CEO Carlos Watson. Also Read: Facebook Had 208 Million Inauguration-Related Likes, Posts, Comments and Shares Previous funders include Axel Springer, Emerson Collective, and some of Silicon Valley’s top angel.
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Sundance 2017: Jaunt Announces Virtual Reality Series Reimagining of The Lawnmower Man Movie

  • DailyDead
The Sundance Film Festival is just getting started in Park City, Utah, and virtual reality company Jaunt Inc. is heating things up at the winter event by announcing a Vr series reimagining of The Lawnmower Man, the 1992 film based on the Stephen King short story of the same name.

A far cry from King’s short story upon which it is based, Brett Leonard’s The Lawnmower Man movie heavily incorporated virtual reality in its plot. No details on the Vr series’ plot are known at this time, other than the fact that it will be a “reimagination of the film.”

We have the full press release with more details on Janut’s upcoming Vr slate below, as well as trailer for The Lawnmower Man film, which stars Pierce Brosnan and Jeff Fahey. In case you missed it, Scream Factory recently announced an upcoming collector’s edition Blu-ray of The Lawnmower Man.
See full article at DailyDead »

Business Insider Co-Founder Henry Blodget Envisions Site as Digital Generation’s ‘Financial Publication of Record’

  • The Wrap
On the heels of Axel Springer investing $343 million in Business Insider, site co-founder Henry Blodget envisions global expansion that will make the media company the digital generation’s “financial publication of record.” In an interview with Politico, Blodget forecasted a five-year plan that includes a subscription component, regional editions throughout Europe and Asia, and an expansion that will add 1,300 staffers by 2020. That’s an ambitious jump from today’s 350 full-time employees based in New York, London, Chicago, San Francisco and some smaller states. Also Read: Germany's Axel Springer Buys 88 Percent of Business Insider for $343 Million Bi’s plan is to add 100 to.
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Germany’s Axel Springer Acquires Stake in Thrillist Media Group

  • The Wrap
A day after acquiring Business Insider, Germany’s leading digital publisher Axel Springer will acquire a stake in the New York City-based Thrillist Media Group (Tmg), the company announced today. Tmg is a digital media company and lifestyle destination for millennial men, and the investment marks Axel Springer’s “strategy to broaden its global reach, increase its English-language offerings and expand its commitment to innovative digital media content.” According the official statement, once the deal is completed, it will make Axel Springer the largest outside investor in Tmg. Financials were not disclosed. Also Read: Germany's Axel Springer Buys 88 Percent of Business Insider for.
See full article at The Wrap »

Business Insider, Vox, BuzzFeed, Medium: What’s Driving Digital Media’s New Investment Craze

  • The Wrap
As the new media landscape continues to threaten traditional media, digital sites are cashing in like never before. On Tuesday, German media company Axel Springer announced plans to purchase 88 percent of Business Insider for $343 million, valuing the site at a stunning $390 million. The deal increases Axel Springer’s stake in Business Insider to 97 percent. That’s a huge win for media-friendly editor Henry Blodget, who’s driven his operation with aggressive aggregation and sexy quasi-business headlines (today: “Carl Icahn Warns: It Could Be Disastrous”), For context, Bi was valued at around $100 million in March of 2013. Also Read: Germany's Axel Springer.
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Germany’s Axel Springer Buys 88 Percent of Business Insider for $343 Million

  • The Wrap
Germany media giant Axel Springer has bought an 88 percent stake in Business Insider for $343 million. Axel Springer already owned 9 percent of the digital news site run by Henry Blodget, so the deal bumps its ownership stake up to 97 percent. The deal values Bi at $390 million. The remaining shares of Bi will fall to Bezos Expeditions, Amazon CEO Jeff Bezos’ personal investment company. Adding Bi, which has 76 million monthly unique visitors, will bump Axel Springer’s reach to 200 million users, making the German company the world’s sixth-biggest digital publisher, according to the company. Also Read: Business Insider...
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Business Insider Nears $560 Million Sale to Axel Springer (Report)

  • The Wrap
Axel Springer is closing in on a deal to buy website Business Insider for around $560 million, according to media reports. The transaction could close as early as within the next two weeks, Re/code reported Monday. In January, the German publishing house bought a $25 million minority stake in the company. The new deal estimates Business Insider’s value at around 500 million euros (approximately $561 million). Also Read: AOL Buys Millennial Media for $248 Million as Part of Mobile-Ad Push In 2013, Business Insider reported about $20 million in revenue and site founder Henry Blodget (pictured above) suggested that revenues had grown 70 percent in 2014. Axel Springer,
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ProSiebenSat-Axel Springer Merger Talks End Without Deal

The proposed mega merger between German TV giant ProsiebenSat and leading print group Axel Springer is off after talks between the two companies broke down. It is believed that concerns over anti-competition regulations were a factor. The deal, which would have been worth up to $16 billion, would have seen a daunting multi-media titan emerge. Worth over $10 billion, ProSiebenSat has a 28.9% share of Germany's free-tv market. Axel Springer, worth more than $5 billion, owns…
See full article at Deadline TV »

German Media Giants ProSiebenSat.1, Axel Springer End Merger Talks

London — German broadcasting giant ProSiebenSat.1 Media and German publishing titan Axel Springer have ended an attempt to merge, which would have created a business worth around Euros 14.4 billion ($15.9 billion).

“ProSieben is not planning or contemplating a merger with Axel Springer,” Julian Geist, a ProSiebenSat.1 spokesman, said Wednesday.

Instead the companies will jointly launch a project to promote digital start-ups.

The merger would have faced regulatory and anti-trust challenges. A move by Springer 10 years ago to buy ProSiebenSat.1 failed after opposition from Germany’s media watchdog Kek and the country’s anti-trust body. However, the media landscape has changed since then, with the rise of digital rivals. Last year, the Federal Administrative Court over-ruled the Kek’s objections to a merger, and the more competitive landscape would probably nullify any anti-trust concerns.

Another obstacle that may have stopped the merger is that the Springer family wanted to keep control of Axel Springer
See full article at Variety - TV News »

Mega $16 Billion German Media Merger In Works With ProSiebenSat And Axel Springer

German media titans ProSiebenSat and Axel Springer could be on the verge of a mega $16 billion merger according to reports. The Wall Street Jounal says talks to combine the two companies are at an early stage and could still face regulatory anti-competition hurdles. A previous merger attempt ten years ago between the two companies initiated by Axel Springer was blocked after protests from Germany's media watchdog Kek and the country's anti-trust body. The shifting digital…
See full article at Deadline TV »

Mega $16 Billion German Media Merger In Works With ProSiebenSat And Axel Springer

German media titans ProSiebenSat and Axel Springer could be on the verge of a mega $16 billion merger according to reports. The Wall Street Jounal says talks to combine the two companies are at an early stage and could still face regulatory anti-competition hurdles. A previous merger attempt ten years ago between the two companies initiated by Axel Springer was blocked after protests from Germany's media watchdog Kek and the country's anti-trust body. The shifting digital…
See full article at Deadline »

German Media Titans ProSiebenSat.1, Axel Springer in $16 Billion Merger Talks

German broadcast group ProSiebenSat.1 and publishing giant Axel Springer are in merger talks that could lead to the creation of a business worth around Euros 14.4 billion ($15.9 billion).

According to the Wall Street Journal, negotiations are at an early stage and the merger would face regulatory and anti-trust challenges. A move by Springer 10 years ago to buy ProSiebenSat.1 failed after opposition from Germany’s media watchdog Kek and the country’s anti-trust body. The media landscape has changed since then, with the rise of digital rivals. Last year, the Federal Administrative Court over-ruled the Kek’s objections to a merger, and the more competitive landscape would probably nullify any anti-trust concerns.

ProSieben, which is worth around Euros 9.7 billion ($10.7 billion), owns a network of TV channels that had a 28.9% share of Germany’s free-tv market in the first quarter. Stations include Sat.1, ProSieben, kabel eins, sixx, Sat.1 Gold and ProSieben Maxx. It
See full article at Variety - TV News »

Talpa Media Completes Acquisition of Talpa Germany

Talpa Media, which was taken over by ITV earlier this year, has acquired the remaining 50.1 % shares in Talpa Germany (previously called Schwartzkopff TV) from television producer Axel Springer.

Talpa previously acquired 49.9 % of the company.

Axel Springer and Schwartzkopff TV, now Talpa Germany, have been linked together in a success story spanning 15 years, which would not have been possible without the efforts of the managing director Karsten Roeder and his entire team,” Dr. Jens Müffelmann, Axel Springer Digital Ventures’s CEO.

Founded in 1993, Schwartzkopff TV has been a subsidiary of Axel Springer Se since 1999 and has been operating under the name of Talpa Germany since 2014.

The sale of Talpa Germany is subject to the approval of the relevant antitrust authorities.

Talpa Media, created by John de Mol, is the shingle behind “The Voice” (pictured above), “Utopia” and “I Love My Country,” among other hit formats.
See full article at Variety - TV News »

Huffington Post in Limbo After Verizon-aol Deal

  • The Wrap
The future of The Huffington Post is unclear following Verizon’s $4.4 billion takeover of parent company AOL. The deal, which was announced in May, fueled speculation that HuffPo would be spun-off and sold to German media company Axel Springer. The New York Times reported Tuesday that Arianna Huffington‘s site is still in limbo as Verizon executives determine how to deal with it — or how comfortable she will be working with the corporation. Also Read: AOL May Spin Off Huffington Post in Wake of Verizon Deal The Huffington Post will try to grow globally and expand its video operation, the editor said in a memo.
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AOL May Spin Off Huffington Post in Wake of Verizon Deal

  • The Wrap
Verizon’s $4.4 billion acquisition of AOL may result in a spin-off of The Huffington Post which the internet portal acquired for $315 million in 2011, according to a media report and analysts interviewed by TheWrap. According to Re/code, AOL has been in discussions to sell HuffPo with German media company Axel Springer. Private equity firms have also been in the mix. But the more compelling reason for a spin-off may be that HuffPo and other AOL content divisions like TechCrunch are not a fit for Verizon, a telecommunication giant that bought AOL for its ad technologies. Kara Swisher of Re/code wrote,
See full article at The Wrap »

Capital to Relaunch as Politico New York

  • The Wrap
Capital New York is rebranding itself as Politico New York, while Politico will also launch in New Jersey and Florida this year, chief executive Jim VandeHei announced Wednesday in a memo to staff. “We have decided all expansion will take place under the Politico banner in the states and overseas,” Vandehei wrote. “We will have lots of outposts but all will fall under one name.” Politico, which acquired Capital in 2013, is also debuting Politico Europe on April 21 in partnership with German media company Axel Springer. However, VandeHei told Capital there is no set launch date for the New York, New Jersey.
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Film Review: ‘A German Youth’

Film Review: ‘A German Youth’
Prominent shorts helmer Jean-Gabriel Periot makes a welcome transition to feature-length documentaries with “A German Youth,” a thought-provoking look at the Baader-Meinhof group and the political debates of the era. While the people and events are hardly cinema newcomers, this entirely found-footage work takes a different tack, situating the clique and the Red Army Faction within postwar German debates: How was democracy understood in a nation recovering from fascism? Periot’s superb editing, long one of the hallmarks of his award-winning shorts, is much in evidence, and while the direct, post-1970s consequences are left out, intelligent audiences can’t fail to make parallels with today. Fests should take note.

Periot has always probed society’s wounds, questioning events — Hiroshima, the G8 summits, even coming out — by forcing viewers to confront common perceptions, sources of information, and the ways official reports are designed to prop up the powers that be.
See full article at Variety - Film News »

New York Times Invests in Dutch Pay-Per-Article Startup Blendle

  • The Wrap
The New York Times and Axel Springer Digital Ventures have agreed to invest 3 million euro ($3.8 million) in Series A financing in Dutch startup Blendle. Self-described as the “iTunes for journalism,” Blendle launched six months ago as a website and app that allows readers to search for articles and pay for the ones they want individually. Each article cost about $0.20 and publishers keep 70 percent of revenues. Also read: New York Times Launches First International Weekly in Us In its short time in existence, the online pay-per-article platform has struck up deals with big newspaper and magazine publishers in the Netherlands...
See full article at The Wrap »

John de Mol Expands Talpa Media in Germany with Axel Springer Deal

John de Mol has cut a deal with German media giant Axel Springer to expand the reach of his Talpa Media in Germany.

De Mol (pictured) will acquire 49.9% of Schwartzkopff TV, a production subsidiary of Axel Springer that will be renamed Talpa Germany. Schwartztkopff has already been in business with Talpa for several years, co-producing Teutonic versions of the company’s “Voice” competition show franchise. Talpa’s “Utopia” is set to launch in Germany next year.

Talpa, based in the Netherlands, has been on a global expansion push in the past few months. It has launched outposts in the U.K., Nordic region and Italy.

“Schwartzkopff TV has been our partner in the German market from the very beginning. The fact that we work together so well is an important factor in the success of the Talpa formats in Germany. I’m therefore very pleased with this strong confirmation of our partnership,
See full article at Variety - TV News »

Mipcom: John de Mol's Talpa Takes Stake in Germany's Schwartzkopff TV

Mipcom: John de Mol's Talpa Takes Stake in Germany's Schwartzkopff TV
John de Mol's Talpa Media, producer of The Voice and Utopia, has acquired just less than half of German production company Schwartzkopff TV, the group that produces the German version of The Voice. The deal, which still has to pass muster with local competition authorities, will see Schwartzkopff renamed Talpa Germany. German media group Axel Springer will continue to own the other 51.1 percent of the Hamburg-based company. Read more Buyers Circle 'The Voice' Producer Talpa Media Schwartzkopff has been Talpa's exclusive production partner in German since 2010. In addition to The Voice and spin-off show The

read more
See full article at The Hollywood Reporter - Movie News »
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