Samsung is taking its time bringing the Galaxy Fold back to market. And frankly, that’s probably for the best. The Note debacle from a few years back was an important lesson about what happens when you rush a product back to market. That one resulted in a second recall — PR nightmae upon PR nightmare.…
Category Archives: consumer tech
Will the F1 Race annouced yesterday in Singapore bring these investors to Singapore shores where technology and animation is soon to be a thriving industry….for this region Thailand gets some funds…
Directly below is a list of VC deals in the games space + Mergers & Acquisitions activity in the games space:
Source: Stuck in Customs
VC Deals (in no particular order):
Company: Red 5 Studios, Aliso Viejo, CA
Investment: $ 8.9 million
Investor: Benchmark Capital
Description: Red 5 Studios is an online game studio which develops original MMO games.
Company: Digital Chocolate, San Mateo, CA
Investment: $ 22.5 million
Investors: Bridgescale Partners; Chengwei Ventures; DN Capital; Glynn Capital Management; Kleiner Perkins Caufield & Byers; Montagu Newhall; Outlook Ventures; Sequoia Capital; Sutter Hill
Ventures; WHI Capital
Description: Digital Chocolate is a developer of games and applications for mobile phones.
Company: Electric Sheep, New York, NY
Investment: $ 7 million
Investors: CBS; Gladwyne Partners
Description: The Electric Sheep Company designs experiences and delivers add-on software for 3D virtual worlds. The Company delivers strategic, creative, and technical insight and services to organizations, works with multiple virtual world platforms, and has developed many projects on behalf of brands.
Company: Double Fusion, San Francisco, CA
Investment: $ 26 million
Investors: Accel Partners, Hearst Corporation, IDG; Ventures Pacific, Jerusalem; Venture Partners, Norwest; Venture Partners, Sedona; Capital, Time Warner
Description: Double Fusion is a provider of in-game advertising and marketing solutions. The company’s technology delivers a range of advertising possibilities inside and around video game and casual game titles.
TDK Australia staff were told at 4.00pm this afternoon that its parent company in Tokyo has reached an agreement to sell its recording media business to US-based Imation for $US300 million in stock and cash and receive representation on the Imation board.
TDK Australia managing director, Scott Brownscombe, advised retail customers via a letter sent after the close of business.
“We are confident that Imation’s commitment to the recording media business and development of new products in this category combined with TDK’s brand equity will translate into a stronger TDK brand,” Brownscombe said.
“As you are aware TDK and Imation are global businesses and the impact of this decision on the Australian operations will be determined over the coming months and we will keep you informed,” he said.
According to a statement released this evening, the agreement will see Imation acquire TDK’s worldwide recording media business and use of the TDK brand name for recording media products including magnetic tape, optical media, flash media and accessories for $US300 million in a combination of Imation common stock and cash with potential for payment of up to an additional $70 million based on future financial performance of the acquired business.
New report predicts huge growth for digital industries
A new report announces that the digital content creation market will rise to nearly $5billion in the next five years.
Jon Peddie Research‘s 2007 Digital Content Creation Report predicts that the 3D modeling and animation, 2D animation, digital video, graphics and imaging, and audio markets will reach a worth of $4.9 billion by 2012, reflecting a compound annual growth rate of 10%.
The report claims the fastest growing segments in the future will be interactive development and video, as the internet offers new distribution networks and new programming approaches to extend the power of individual web sites.
“We are seeing big shifts in the digital content creation market,“ says Kathleen Maher, author of the report. “There have been game-changing moves by Adobe with the acquisition of Macromedia and Serious Magic, Autodesk‘s acquisition of Alias and Colorfront and Google‘s acquisition of Sketchup and YouTube. The landscape is changing right in front of us all.”