Peter Kafka

Recent Posts by Peter Kafka

Accel Bets on Hollywood With $40 Million Legendary Pictures Deal

Accel Partners, the venture capital heavyweight known for betting on tech hits like Facebook, is going Hollywood: It has invested $40 million into Legendary Pictures, a production studio best known for “The Dark Knight.” The company has a seven-year output deal with Time Warner’s Warner Bros., which also happens to be streaming some of its movies on Facebook. So “the next time you pay to stream a Warner Bros. movie with Facebook credits, Accel will take a cut from both sides,” notes Forbes, which disclosed the deal in a story this afternoon.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik