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$2 Million For 30 Seconds in Grammys Broadcast

ABC Television network is collecting about $2 million per 30-second ad spot in the 89th Academy Awards broadcast. ABC announced Friday that it had sold all its commercial inventory for the Feb. 26 awards show at the Dolby Theatre in Hollywood. CA. The program will be hosted by ABC comedian Jimmy Kimmel. In 2016, ABC […]

Snap Lowers Valuation Expectations in Highly Awaited IPO

Snap Inc, owner of the popular messaging app Snapchat, set a lower-than-expected valuation range on Thursday, amid mounting investor concerns over its unproven business model, slowing growth and tight founder control. The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25 […]

Fuse Raises $12 Million For App Building Tool

In 2015, Fuse began testing a service that it claimed would provide a better way for designers and developers to build mobile apps, eliminating the need to constantly compile code. Today the company announced it has hit a major milestone, raising a $12 million Series A round from returning investors Northzone and Alliance Ventures. With […]

Sprint Purchases 33% Stake in Tidal

Sprint has acquired a 33% stake in Jay Z’s streaming service Tidal, the two companies announced today (Jan. 23). A source familiar with the matter tells Billboard that the purchase was for $200 million and that Jay and each of the company’s two dozen artist-owners will remain part owners. As part of the deal, Tidal […]

Apple May Invest in $100 Billion SoftBank Fund

Apple has held talks about investing in a $100 billion technology fund that SoftBank aims to launch next year, according to a person with knowledge of the discussions. Apple may contribute as much as $1 billion to the fund, which would give the company insight into up-and-coming technologies. Apple invested $1 billion in May in […]

A Self Driving Apple Car: A Potential Reality

A letter sent last month to U.S. transportation officials offers some insight into Apple’s plans for the growing self-driving vehicle market. The letter from Steve Kenner, director of product integrity at Apple, addresses the Federal Automated Vehicles Policy crafted by the Department of Transportation and the National Highway Traffic Safety Adminstration (NHTSA). “The company is […]

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