digital media

News Byte

The End Is Here Before the Beginning for Beyond Oblivion

Arik Hesseldahl in News on December 31, 2011 at 9:27 am PT

Beyond Oblivion, a New York-based music start-up is shutting down before even launching a product, having burned through some $87 million worth of funding, according to a report in the Financial Times (link goes to a story behind a paywall). Backed by investments from News Corp. (which also owns this Web site), it had sought to bundle the service with hardware and charge a flat fee, but had trouble selling recording labels on the idea.

News Byte

DailyMotion Vet Joy Marcus Joins DFJ Gotham

Peter Kafka in Media on May 12, 2011 at 6:22 am PT

Joy Marcus, who used to run U.S. operations at France’s DailyMotion, has a new gig: She’s joining DFJ Gotham as a venture partner, where she’ll concentrate on the firm’s digital media portfolio. Marcus’ resumé also includes stints at Time Warner, Barnesandnoble.com and MTV.

JP Morgan Raises $1.2 Billion For Digital Growth Fund

Scott Austin, Editor, Venture Capital Dispatch, The Wall Street Journal in News on February 24, 2011 at 12:00 am PT

J.P. Morgan Chase & Co. has quickly rounded up $1.2 billion for a new digital-growth fund, furthering Wall Street’s bold push to capture stakes in fast-growing private tech companies such as Facebook Inc. and Twitter Inc.

News Byte

Revision3 Adds IGN President Roy Bahat to Board

Voices in News on February 16, 2011 at 1:43 pm PT

Web video studio Revision3 is bringing some more digital-media expertise to its board with the addition of Roy Bahat, president of gaming media company IGN Entertainment, a division of News Corp. Bahat is a Harvard grad and Rhodes Scholar who did stints with McKinsey & Company, the New York City mayor’s office and various start-ups before joining IGN in 2007.

J.P. Morgan Plans New-Media Fund

Anupreeta Das, Reporter, The Wall Street Journal in News on February 13, 2011 at 3:12 pm PT

J.P. Morgan Chase & Co., riding the wave of investor interest in fast-growing, privately held technology firms such as Facebook Inc. and Twitter Inc., plans to start a fund that would invest in Internet and digital-media companies, people familiar with the matter said.

PepsiCo Unveils Winners Of New Start-Up Incubator Program

Ty McMahan, Reporter, The Wall Street Journal in News on September 13, 2010 at 12:59 pm PT

PepsiCo Corp. set out in June to find 10 relatively unheard of start-ups to put it on the cutting edge of digital media and social marketing. Now the company has announced the winners of the inaugural PepsiCo10, an incubator program that matches technology, media and communications entrepreneurs with PepsiCo brands for pilot programs set to launch in the coming months.

News Byte

IVP Closes New $750 Million Tech and Media Fund

Beth Callaghan in News on August 31, 2010 at 7:31 am PT

This morning, Institutional Venture Partners announced the closing of IVP XIII, a new $750 million fund that will invest in rapidly growing technology and digital media companies. IVP’s later-stage investment strategy has been successful so far; like its similarly named predecessor fund–the $600 million IVP XII–the new fund is oversubscribed, and the firm’s committed capital now totals $3 billion.

Greycroft Raises New Fund Amid Tough Industry Conditions

Pui-Wing Tam, Reporter, The Wall Street Journal in News on April 14, 2010 at 10:59 am PT

The National Venture Capital Association earlier this week declared that the first quarter of this year was the slowest for venture-capital firms trying to raise money since 1993. Despite such conditions, venture-capital firm Greycroft Partners has just closed a new fund.

Does This Mean We Can Expect a Live Nation “iTunes Convenience Fee”?

John Paczkowski in News on November 24, 2009 at 12:10 pm PT

This year, Live Nation, the world’s largest concert promoter, will put on some 22,000 live shows–each one attended by carping about the asinine “convenience” and “courtesy” charges the company likes to tack on to ticket purchases. But much as concertgoers might loathe the idea of giving Live Nation even more of their money, they may soon do so. Because beginning today, the company is offering exclusive audio and video recordings of some of its events through iTunes.

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