Retail giant Amazon swallowed the legendary studio MGM, amassing a trove of iconic movies including the James Bond 007 franchise. The move is part of a larger consolidation in the entertainment industry as the streaming wars heat up and Amazon tries to compete with Disney and Netflix.
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Amazon Buys MGM for $8.45B, Acquires Bond Franchise
The move culminates Century City-based MGM's prolonged search for a buyer that has been rumored for over a decade. MGM counts over 4,000 films among its assets, including "Silence of the Lambs," "12 Angry Men," "Rocky" and "Tomb Raider."
Born of Burning Man, Topia Raises $5M
A combination of Zoom, Minecraft, Twitch and Wordpress with the spirit of Burning Man. That's how Daniel Liebeskind describes Topia, the browser-based social world-building platform he built to bring genuine interactivity to virtual conferences and events.
Emile Creates 'TikTok' Style Videos to Help You Prep For Your AP Test
TikTok changed the way we watch, shop and discover music. Can it change how we learn? That's the bet Emile's three co-founders are making. Their TikTok style app uses short form video to tutor high school students in advanced placement subjects from psychology to literature.