L.A. Tech Updates: Peacock Will Play on Android and Google; Snap Debuts at NewFronts

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Here are the latest updates on news affecting Los Angeles' startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for more.

Today:

  • Peacock Will Be Available on Google and Android Devices in July
  • Snap Debuts at 'NewFronts' Showcase for Potential Advertisers

      Peacock Will Be Available on Google and Android Devices in July

      upload.wikimedia.org

      NBC's new streaming service Peacock has added Google and Android devices — including Andriod TV and Chromecast — to the apps that will stream its nearly 15,000 hours' worth of content beginning July 15. NBC has already announced plans to launch on Apple and Xbox.

      Streaming will be free (but not ad-free) through October 15. Viewers can also level-up to the ad-free service for an additional $5/ month.

      The service launched in mid-April across Comcast's platforms, where it hopes to add value for its parent company's 28.6 million customers.

      Peacock's library will include a flock of NBC favorites like Parks & Recreation, 30 Rock and Law & Order: SVU; movies from Universal Pictures and Dreamworks Animation such as Jurassic Park, E.T. and Shrek; and news segments, talk shows, original series and content from Telemundo. Peacock will also offer a selection of live sports (once those migrate back), and in 2021 will have exclusive rights to The Office.

      As we reported in April, speculation is that part of Comcast's strategy is to retain Pay-TV customers while also guiding a controlled move toward streaming, so it doesn't lose out as more customers shift toward cord-cutting.

      Snap Debuts at 'NewFronts' Showcase for Potential Advertisers

      For the first time, Snap is presenting at today's NewFronts, the digital media world's annual summit of presentations to woo prospective advertisers. The event is being held virtually this year.

      The Santa Monica-based firm describes the occasion as "a culmination of hard work that's been happening at Snap around content and video advertising for years."

      Snap will be highlighting a collection of data points:

      • As of June 22, Snapchat reaches over 100 million people in the U.S., including 90% of people aged 13-24
      • 229 million people worldwide reportedly use the app every day
      • The company now also has more daily users aged over 25 than all of Twitter's self-described "monetizable user base"
      • Total daily time spent watching shows on Discover more than doubled from Q1 2019 to Q1 2020
      • Average time spent watching by people over 35 also doubled from Q1 2019 to Q1 2020

      Snap will also share results of a study from Nielsen that found, for example, that a Bud Light ad campaign on Snap was nine times more efficient at reaching the target audience than television advertising. Nielsen also found that the platform provided an average 23% bump on top of TV campaigns, across 20 separate ad campaigns that appeared on Snap.

      The company will also be announcing a new unscripted original series at the event, as well as the renewal of Driven, a docuseries that the company says reached over 15 million viewers in its first installment.

      Across all Discover, 45 shows have reached monthly audiences exceeding 15 million viewers, the company says, and the platform now operates with over 350 partners in 15 countries.

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      Energy Shares Gears Up To Bring Equity Crowdfunding to Retail Investors

      David Shultz

      David Shultz reports on clean technology and electric vehicles, among other industries, for dot.LA. His writing has appeared in The Atlantic, Outside, Nautilus and many other publications.

      Energy Shares Gears Up To Bring Equity Crowdfunding to Retail Investors
      Photo by Red Zeppelin on Unsplash

      The Inflation Reduction Act contains almost $400 billion in funding for clean energy initiatives. There’s $250 billion for energy projects. $23 billion for transportation and EVs. $46 billion for environment. $21 billion for agriculture, and so on. With so much cash flowing into the sector, the possibilities for investment and growth are gigantic.

      These investment opportunities, however, have typically been inaccessible for everyday retail investors until much later in a company’s development–after an IPO, usually. Meaning that the best returns are likely to be captured by banks and other institutions who have the capital and financing to invest large sums of money earlier in the process.

      That’s where Pasadena-based Energy Shares comes in. The company wants to help democratize access to these investment opportunities and simultaneously give early-stage utility-scale energy projects another revenue stream.

      Read moreShow less

      Why These Ukrainian Entrepreneurs Are Making LA Their Home

      Aisha Counts
      Aisha Counts is a business reporter covering the technology industry. She has written extensively about tech giants, emerging technologies, startups and venture capital. Before becoming a journalist she spent several years as a management consultant at Ernst & Young.
      Why These Ukrainian Entrepreneurs Are Making LA Their Home
      Joey Mota

      Fleeing war and chasing new opportunities, more than a dozen Ukrainian entrepreneurs have landed in Los Angeles, finding an unexpected community in the city of dreams. These entrepreneurs have started companies that are collectively worth more than $300 million, in industries ranging from electric vehicle charging stations to audience monetization platforms to social networks.

      Dot.LA spent an evening with this group of Ukrainian citizens, learning what it was like to build startups in Ukraine, to cope with the unimaginable fear of fleeing war, and to garner the resilience to rebuild.

      Read moreShow less
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