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Social Platform Atom Tickets Adds Harkins And Eight More Exhibitors

Social movie ticketing app Atom Tickets, which is backed by Lionsgate, Disney and Fox plus Fidelity Management & Research, has added nine new exhibitor partners, including No. 5 U.S. chain Harkins Theatres. In addition to Arizona-based Harkins, the circuits joining Atom’s footprint include New Vision Theatres, Santikos Entertainment and Regency Theatres, which operates LA’s famed Bruin and Village venues in Westwood Village. Among the regional chains signing on are O'Neil… Read

Business

Aviron Capital Backs Interactive Movie App Developer Kino Industries

Asset management company Aviron Capital, private company led by a consortium of financiers with funding primarily provided by BlackRock, has acquired a substantial equity stake in Kino Industries. Kino is the developer of CtrlMovie, an interactive movie experience enabling audiences to control the direction of a film’s narrative via a smartphone app. No financial details of the investment were disclosed. The CtrlMovie app lets viewers vote to decide what characters will… Read

breakingBusiness

SAG-AFTRA “Fighting Back” Against Dangers Posed By Face-Swapping Technology

SAG-AFTRA says it's “fighting back” against the dangers posed by new face-swapping technologies that have been used to digitally superimpose the faces of its members onto the bodies of porn stars. In recent months, the technology – known as "deepfaking" – has hijacked the likenesses of several famous actresses and singers to make it appear that they were performing in pornographic films. "We are closely watching the development of so-called deepfakes," SAG-AFTRA president… Read

Business

Mignon Clyburn, Fierce Critic Of Net Neutrality Rollback, Quitting FCC Post

Mignon Clyburn, a Democrat who has served for eight years as one of five commissioners of the Federal Communications Commission, said she will resign from the regulatory body before its next open meeting in May. She made the announcement during an FCC meeting today. “I've done all I know to do. And it's time for me to serve in another way,” she said, according to multiple press accounts of the meeting. Clyburn’s departure leaves an empty seat on the commission, which is… Read

Business

Netflix’s Reed Hastings Sees Plenty More Runway; Ted Sarandos Says Day-And-Date Movies “Will Be More And More Accepted”

As an old Wall Street saying goes, the market climbs a wall of worry. In the case of Netflix, the more people worry about the company exhausting its potential (or cash reserves), the higher it seems to climb. Founder and CEO Reed Hastings said during today’s earnings video conference that he sees plenty more upside. “Whether our share grows or shrinks is really down to, do we make great content, market it well, serve it up beautifully?” he said. If they don’t, he… Read

Business

MoviePass Parent Helios And Matheson’s Shares Soar On Verizon Stake News

UPDATED with closing price: Shares of Helios and Matheson Analytics, which owns MoviePass, soared 31% today, on top of a 6% uptick Friday after Verizon disclosed its 9% stake in the company. The data firm’s stock finished at $4.21, its highest level since February but well below the $20 territory it reached last October amid a surge of interest in the monthly subscription movie ticket plan offered by MoviePass. The service has stirred up controversy in the exhibition… Read

Business

Apple Co-Founder Steve Wozniak On Why He Will #DeleteFacebook: Report

As Facebook continues to spend time under the microscope, Apple co-founder Steve Wozniak has become the latest tech titan to dissect the social network’s flaws. According to a report in USA Today, “Woz” has become the latest member of the #DeleteFacebook movement. “Users provide every detail of their life to Facebook and … Facebook makes a lot of advertising money off this,” Wozniak wrote in an email to the newspaper. “The profits are all based on the user's info, but the… Read

Business

Facebook To Alert Users Affected By Cambridge Analytica Data Breach

If you were one of the 87 million Facebook users that might have been affected by the social media platform’s recent Cambridge Analytica privacy breach, then you will be getting a detailed message in your news feed starting Monday. In the wake of the scandal, Facebook said that users who may have had their data shared with Cambridge Analytica will be getting messages this week, according to the Associated Press. In addition, in an effort to do some damage control, all… Read

Business

Facebook’s Sheryl Sandberg Continues Apology Tour Ahead Of Mark Zuckerberg’s Congressional Testimony

Sheryl Sandberg Facebook

Facebook’s Sheryl Sandberg continued the social network’s apology tour with an appearance today on Fox News Channel, where she talked about stepped-up efforts to safeguard user privacy and measures to safeguard against manipulation during the upcoming elections. Sandberg’s interview on The Daily Briefing with Dana Perino — her second TV interview of the day — seeks to contain the fallout from the Cambridge Analytica data scandal ahead of CEO Mark Zuckerberg’s appearance… Read

breakingBusiness

Mark Zuckerberg To Testify Before Senate Judiciary and Commerce Committees, House Energy And Commerce Committee

UPDATED with details about Senate testimony: Facebook CEO Mark Zuckerberg will appear before House and Senate committees next week to answer questions about the Cambridge Analytica scandal, even as it disclosed today that the political consulting firm connected to President Donald Trump’s 2016 election might have accessed more user data than originally thought. Zuckerberg will testify before a joint session of the Senate Judiciary and Commerce Committees on April 10, then… Read

Business

Facebook’s Mark Zuckerberg Says Cambridge Analytica Data Breach Could Have Hit 87 Million Users; Plans To Remain CEO Despite “Huge Mistake”

Mark Zuckerberg

While he still faces Congressional testimony next week, Facebook CEO Mark Zuckerberg faced fresh scrutiny during a media conference call today as the company continues to cope with the effects of the Cambridge Analytica data scandal. Zuckerberg said he was “quite confident” in the company’s analysis showing that no more than 87 million users were affected by the data breach, 71 million of them Americans. That estimate is substantially higher than the previous estimate of… Read

Business

Silicon Valley Leaders Rally Around YouTube In The Wake Of San Bruno Shooting

The shooting at YouTube’s headquarters in San Bruno today brought a moment of unity to Silicon Valley, following a week of discord in which two of the most prominent technology leaders publicly sniped at each other. A woman opened fire with a handgun in an outdoor courtyard Tuesday afternoon, injuring three people and sending scores of employees feeling in fear before apparently turning the gun on herself, according to police. As reports of an active shooter at YouTube… Read