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Archivo del Autor: Belen De Leon

This startup gives an easy-to-remember name to each spot on Earth video – CNET

What3words helps out when street addresses just aren’t enough. It might be built in to your next car.
Source: CNET

Singapore sovereign fund Temasek snaps up tech events firm Unbound in $12M deal

Media exits happen, but typically you don’t hear of tech events companies being sold. Well, that’s the case in Singapore where SingEx — a subsidiary of the country’s Temasek sovereign wealth fund — has forked out to buy a majority share in Unbound Innovations, a five-year-old UK-based business that runs technology events worldwide.

Details of the transaction were not made public, but TechCrunch understands from a source that SingEx bought a majority share in Unbound in a deal that values the company at £18 million, or around $23.5 million.

Unbound has been around since 2013 but it seems to have struck out with its Innovfest event series, which has focused on uniting governments with corporates and the startup world. That aside, it has run ‘Unbound’ events in London since 2016 and it works with corporates such as Unilever, HSBC and Accenture on innovation projects.

Indeed, this investment news comes weeks after the conclusion of Unbound’s two-day Singapore-based event, Innovfest Unbound, which claimed to attract over 12,000 attendees. Innovfest began with events in Singapore and Miami last year; those two added to the recent event account for over 20,000 attendees, Unbound said.

Coming up next is a London event July, followed by the Miami return later this year and the first event in Bahrain planned for 2019. But that’s likely only just the start.

Unbound said that this new capital will go towards doubling its operations and expanding into new verticals and geographies through a mix of acquisition and organic expansion. Right now, there’s no word on what those expansions might look like.

It stands to reason that expanded reach is good for Temasek, too. The fund has a big position on tech within its $275 billion portfolio — which added UST Global via a $250 million deal yesterday — and having a majority stake in Unbound will likely increase its exposure to tech ecosystems, companies and more. Not to mention that the events business is actually pretty lucrative in itself.


Source: TechCrunch

How Australia almost buggered up World Cup streaming completely – CNET

Commentary: This year, the battle is on between streaming companies and broadcasters to win World Cup viewers. But Down Under, one streaming newcomer has screwed it up.
Source: CNET

The Last Jedi, Black Panther win big at the 44th Saturn Awards – CNET

The Last Jedi wins the Saturn for best writing while Black Panther nabs five awards, including best comic to motion picture.
Source: CNET

India’s Times Internet buys popular video app MX Player for $140M to get into streaming

Times Internet, the digital arm of Indian media firm Times Group, is getting into the digital content space, but not in the way you might think.

The company’s previous venture — an OTT called BoxTV.com — shut down in 2016 after an underwhelming four-year period. Now it is taking a radically different strategy by buying video playback app MX Player for Rs 1,000 crore, or around $140 million. The company didn’t disclose its stake but said it is a majority percentage.

The service originates from Korea but it has become hugely popular in India as a way to play media files, for example from an SD card, on a mobile device. It is a huge hit India, where the app claims 175 million monthly users — while the country accounts for 350 million of its 500 million downloads.

From here, Times Internet plans to introduce a streaming content service to MX Player users which Karan Bedi, MX Player CEO, expects to go live before August. The plan is to introduce at least 20 original shows and more 50,000 content across multiple local languages in India during the first year. The duo said the lion’s share of that investment money would go into developing content.

Bedi, a long-time media executive who took the job at MX Player eight months ago, said the service will be freemium and very much targeted at the idea of providing an alternative to television in India. He added that the deal had been in negotiation for the past year, which validates a January report from The Ken which first broke news of acquisition.

There are plenty of video streaming services in India. Beyond Netflix and Amazon Prime, Hotstar (from Rupert Murdoch-owned Star India) is making waves alongside Jio TV from Reliance Jio, but data from App Annie suggests MX Player is way out ahead. The analytics firm pegs MX Player at nearly 50 million daily users, as of June, well ahead of Hotstar (14.1 million), JioTV (7.4 million) and others.

Both Bedi and Times Internet MD Satyan Gajwani explained to TechCrunch in an interview that a big focus is differentiation and building a digital channel for India’s young since the average viewer demographics for MX player are hugely different to Indian TV audiences. Some 80 percent of the app’s users are aged under 35 (70 percent is aged under 25), while the gender balance is skewed more towards men.

“A lot of people aren’t happy with Indian TV,” Bedi said. “There are a lot is soaps and it is not focused on young people. [The MX PLayer audience] is exactly the opposite of the Indian tv demographic.”

That not only plays into growing a place for ‘millennial’ content, but it also means the streaming service may find success with advertisers if it can offer a gateway to young Indians. Beyond audience, there’s also flexibility. Gajwani explained further that unlike traditional TV and even YouTube, the Times Internet-MX Player service will offer different options for advertisers who “work with content creators to create stuff, sponsor a show, or find various different ways to reach scale.”

“India has a $6 billion TV ad market and we think this could unlock some of the money going to TV,” he said.

Times Internet MD Satyan Gajwani

“This audience on here is genuinely different, [rather than cord-cuttters] they’re almost cord-nevers,” Bedi added. “This is a big new audience that’s never been tapped by broadcasters.”

The idea is to gently introduce programming that is accessible to a large audience in India, who might not be open to paying, and then test other revenue models later.

“Further down the line, we might include subscriptions to scale,” Gajwani added. “Subscription is growing but it’s much much smaller today, what excites us is the idea we’ll have 100 million people streaming a show.”

MX Player might not be well known, but scale is one thing it certainly has in spades. The company just crossed 500 million downloads on Android, but Bedi pointed out that many are not counted because they are side-loaded, which doesn’t register with the Google Play Store.

All told, he said, the app picks up 1.2 million downloads per day with around 350,000 coming from the official Android app store, he said. Bedi said that, among other things, the app is typically distributed by smartphone vendors in tier-two and three Indian cities to help phone buyers get the essential apps for their device right away.

The question now is whether Times Internet can leverage that organic growth to build another business on top of the basic demand for video playback. This is certainly a unique approach.


Source: TechCrunch

Poliovirus is a new weapon in the war against brain cancer – CNET

Researchers at Duke University show that a polio virus-rhinovirus hybrid could destroy cancer cells in patients with recurrent glioblastoma.
Source: CNET

Oh BiBi raises $21 million for its mobile gaming studio

French startup Oh BiBi raised $21 million from Atomico with Korelya Capital also participating. Oh BiBi is a team of mobile gaming veterans trying to build the next big thing when it comes to mobile gaming.

The company has already released a handful of games, such as LoL Kart, Motor World Car Factory, Dino Factory and SUP Multiplayer Racing. But the company’s next big bet is Frag.

Frag is an online first-person shooter. You’ll fight against other players in one-on-one matches. There’s a metagame element as well — you’ll need to put together your team of characters as you can swap between multiple characters in the middle of a match.

Each character has a cartoonish design and some special powers. Oh BiBi keeps comparing it to Fortnite in its press release, but it sounds more like 1 vs. 1 Overwatch.

Frag will be available as an open beta next month on iOS and Android. Oh BiBi is taking a freemium approach and distributing its games as a free download with in-app purchases.

Building a mobile gaming startup is incredibly hard. It’s not just about building engaging games. You also need to tweak paid acquisition strategies, retention numbers, in-app purchase triggers and improve the lifetime value of your players.

This is Atomico’s first investment in a French startup as a lead investor. Atomico has invested in Rovio and Supercell in the past. So the VC firm thinks the Oh BiBi team is well positioned to tackle this market.


Source: TechCrunch

Apple reportedly mulling single subscription offering, ala Amazon Prime – CNET

Service would combine its music service, original TV shows and magazine offerings, The Information reports.
Source: CNET

Scientists are now growing Neanderthal mini brains in the lab – CNET

They’re being dubbed “Neanderoids” and the next step is wiring them to robots that resemble crabs… because of course.
Source: CNET

Redbox lands deal with Warner to rent DVDs on the same day they go on sale in physical stores

DVD and Blu-ray rental kiosk operator Redbox announced a deal with Warner Bros. today that allows it to begin offering new releases on the same day they go on sale in physical retail stores. Redbox’s former agreement with the studio meant they had to wait until seven days after the home-video release. In a statement, Redbox said this deal also maintains the availability of new releases in Redbox On Demand, its streaming rental service.

According to Variety, this means Redbox now has same-day deals with almost all of the major studios. In addition to Warner Bros., they include Sony Pictures Entertainment, Universal Pictures and Lionsgate (its deal with 20th Century Fox is similar to its previous one with Warner Bros ., in that it allows Redbox to rent its movies seven days after their home-video release). One notable exception is Disney, which Redbox has not had a distribution deal with since 2012. This is likely due to an ongoing legal dispute involving digital download codes for Disney content.

Redbox now operates more than 41,500 kiosks, which it said in its announcement is “more locations than Starbucks and McDonalds in the U.S. combined.”

While the idea of waiting for DVD rentals might seem quaint in the age of on-demand and streaming everything, many Americans still rent discs. According to the NPD Group, nearly a third of people it surveyed in the United States last year said they rent DVDs and Blu-rays in addition to using a subscription service like Netflix. Despite reporting declining revenue before its parent company, Outerwall, agreed to be taken private in July 2016, Redbox doubled down on kiosks last year, adding 1,500 with plans to add more this year.


Source: TechCrunch

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