Live Nation Entertainment Announces Participation In Liberty Investor Meeting

prnewswire | November 14, 2017

LOS ANGELES, Nov. 14, 2017 /PRNewswire/ -- Live Nation Entertainment, Inc. (NYSE: LYV), the world's leading live entertainment and ecommerce company, announced today that its President and CEO, Michael Rapino, will be making a presentation during the Liberty Investor Meeting at approximately 1:45 p.m. ET (10:45 a.m. PT) on Thursday, November 16, 2017 in New York City.  

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BUSINESS

TA Associates to Acquire TouchTunes

TouchTunes | March 31, 2022

TouchTunes, a leading in-venue, interactive music and entertainment platform,announced that TA Associates, a leading global growth private equity firm, has signed a definitive agreement to acquire the company from funds advised by Searchlight Capital Partners, L.P. (“Searchlight”) and Newlight Partners LP (“Newlight”). Partnering together, TouchTunes and TA aim to accelerate the company’s growth and innovation across existing and new markets. Financial terms of the transactions were not disclosed.TouchTunes has established a network of more than 65,000 connected digital jukeboxes in bars, brewpubs, restaurants and other social spaces across North America and Europe. The company’s digital jukeboxes allow music lovers to choose the music that plays in their favorite venues, adapting over time to highlight the songs and artists most played in a location. Music selections can be controlled from the jukebox or smartphones through the company’s popular companion app, which also helps users find nearby jukebox locations. TouchTunes jukeboxes also offer a variety of interactive experiences, including an integrated photo booth solution. “TA is highly impressed with the deep commitment TouchTunes has to creating a high-quality music experience. The company’s continuous innovation, strong relationships with venues and jukebox operators, and skilled management team all help to deliver the desired experience for customers,TouchTunes has already established itself as a market leader, but we see opportunity for continued innovation and expansion. We are excited to invest in TouchTunes at this moment in its growth and look forward to partnering closely with the TouchTunes management team.” -Michael Berk, a Managing Director at TA TouchTunes has succeeded by delivering innovative, shared music experiences that inspire emotional connections,said Ross Honey, TouchTunes President and CEO. TA is an ideal partner for TouchTunes moving forward as we look to continue our growth, offering the experience and resources we need to accelerate expansion of TouchTunes’ network, audience and markets. We look forward to working with TA to build on our strengths and drive new opportunities. We would also like to thank both Searchlight and Newlight for their partnership and guidance over the past few years. LionTree Advisors served as exclusive financial advisor to TouchTunes and its shareholders on the transaction. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in early April. About TouchTunes TouchTunes is the largest in-venue interactive music and entertainment platform, with its connected jukeboxes featured in more than 59,000 bars and restaurants across North America and 6,000 in Europe. TouchTunes' platform provides location-based digital solutions that inspire social interactions through shared experiences. Music is the core of TouchTunes' experience, with millions of songs played daily across the network and a popular companion mobile app that lets anyone find nearby jukebox locations, create playlists, and control the in-venue music directly from their phone. In addition, TouchTunes supports a highly scalable digital out-of-home activation platform that provides targeted advertising and promotional opportunities for consumer brands. We are proud of our strong relationships with a network of over 2,500 local jukebox operators who install our equipment and take responsibility for maintenance, promotion, service, and support. TouchTunes is headquartered in New York City, with offices in Chicago, Montreal, and London. For more information, visit http://www.touchtunes.com and follow TouchTunes on Facebook, Twitter, and Instagram for the latest company news. About TA Associates TA is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer, and business services – the firm invests in profitable, growing companies with opportunities for sustained growth and has invested in more than 550 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $47.5 billion in capital since its founding in 1968. The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com. About Searchlight Capital Partners, L.P. Searchlight is a global private investment firm with over $10 billion in assets under management and offices in New York, London and Toronto. Searchlight seeks to invest in businesses where its long-term capital and strategic support accelerate value creation for all stakeholders. For more information, please visit www.searchlightcap.com. About Newlight Partners LP Newlight Partners LP is a growth-focused middle market private equity firm that builds businesses in partnership with exceptional founders and management teams. The Newlight team has been investing together since 2005, originally as the Strategic Investments Group at Soros Fund Management LLC, and now as Newlight after the team's spin-out in 2018. Newlight’s thematic investment approach focuses on identifying and addressing marketplace opportunities in rapidly growing subsectors. Newlight currently has over $4 billion in capital commitments and assets under management. For more information, please visit www.newlightpartners.com.

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VIRTUALIZATION

HTC VIVE Showcases Advancements in VR Health and Entertainment at SXSW 2022

HTC VIVE | March 11, 2022

Premier virtual reality (VR) platform and ecosystem HTC VIVE will demo new and unique VR experiences at South By Southwest 2022, broadening its portfolio in the VR industry and driving innovation through its partnerships with MyndVR and holoride. At SXSW, HTC VIVE will join four panels covering the topics of VR entertainment, health, gaming, and human interaction. Additionally, HTC's content brand VIVE ORIGINALS will introduce the world premiere of the first VR concert experience on its metaverse music platform BEATDAY, and hold a screening of the stop motion XR animated film "The Sick Rose" on VIVE Focus 3.HTC's VIVERSE vision spans enterprise, consumer, entertainment, and everything in between. It is dedicated to building open, yet safe and secure VR environments and experiences, and will debut key parts of this vision in Austin: Health and Senior Care in VR HTC VIVE is proud to share that its partner MyndVR, the leading provider of VR solutions for senior care, will bring a new innovation to the growing VR healthcare vertical. MyndVR today announced MyndConnectTM, a completely new senior care service that is centered on battling isolation amongst seniors. MyndConnectTM is a next-generation communication platform that allows seniors and family members across the globe to share real-time Virtual Reality experiences together in the metaverse. MyndConnectTM is specifically developed for older adults leveraging the new, extra-lightweight VIVE Flow glasses and HTC's award-winning all-in-one headset VIVE Focus 3. VR Concerts HTC VIVE is also unveiling its metaverse concert platform BEATDAY on VIVE Focus 3. Previously only accessible in 2D on computers and tablets, at SXSW BEATDAY will be available for guests to experience in VR for the first time ever. With the latest volumetric capture technology, artists can put on the best show possible without distractions or physical limitations. At concert time, users can enter the virtual venue and enjoy the show, or even get up on stage and interact with the band – the level of immersion is at the users' discretion. At SXSW, attendees will be able to enter a concert from the popular Taiwanese indie band Amazing Show. Up to three people at a time can meet in the concert and explore their surroundings together. In the future, users will be able to create their own avatar for the show, which will be saved as a non-fungible token (NFT) after the event. VR Film HTC VIVE ORIGINALS and TurnRhino Original Design Studio joined forces to produce the world's first 360 VR immersive animation, "The Sick Rose," which incorporates Taiwanese traditional dough figurine handicraft with stop-motion animation and VR technology – including tens of thousands of hand-made objects. SXSW marks the first time "The Sick Rose" will be shown to American audiences. By adopting 360 VR macro photography techniques to shoot the project, the audience can be part of the story, wandering through the plot with the characters and diving into the hand-built set. Through "The Sick Rose," HTC demonstrates the ways that VR can be used in the entertainment industry to create stories that allow the audience to participate alongside the characters. VR in the Car HTC VIVE and holoride will showcase a fun and immersive in-car VR experience to select guests at SXSW 2022 with a drive around Austin, TX. During the ride, passengers will wear the VIVE Flow immersive VR glasses, and will experience tech demos of holoride's 'Elastic Content' which is able to match car movement so that experiences like games adapt in real-time to route length and type, driving styles and location. "VIVE Flow can fit in the palm of your hand and still deliver a breathtaking experience,Paired with holoride's impressive tech, you'll be able to turn car rides into virtual amusement parks. We're very excited to work with holoride in shaping the future of passenger entertainment." holoride will be offering their experience rides in East Austin at a dedicated location. -Shen Ye, Global Head of Hardware at HTC VIVE. About HTC HTC VIVE is the premier virtual reality (VR) platform and ecosystem that creates true-to-life VR experiences for businesses and consumers. The VIVE ecosystem is built around premium VR hardware, software, and content. The VIVE business encompasses best-in-class XR hardware; VIVEPORT platform and app store; VIVE Enterprise Solutions for business customers; VIVE X, a US$100M VR business accelerator; and VIVE ARTS for cultural initiatives. For more information, please visit www.vive.com

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BUSINESS

Wasabi Technologies Partners with the Boston Red Sox Through Multi-Year Sponsorship Deal with Fenway Sports Group

Wasabi Technologies | April 08, 2022

Wasabi Technologies, the hot cloud storage company announced a multi-year partnership with Fenway Sports Group that harnesses the power of sports and entertainment to take the Wasabi brand to new heights. Wasabi is designated a Proud Partner of the Boston Red Sox, generating unprecedented brand awareness, community relations initiatives, and client and employee engagement across Fenway Sports Group properties through 2026.With headquarters in the heart of Boston, Wasabi was founded in 2017 by Carbonite founders David Friend and Jeff Flowers to remove the complexity of cloud storage for businesses all over the world. The company has grown exponentially in recent years with $275M in funding, making it a force in Boston's pacesetting technology landscape. The company previously teamed up with Fenway Sports Group on the Wasabi Fenway Bowl, and is also the Official Cloud Storage Partner of Liverpool Football Club and the Boston Bruins. "Sports, media, and entertainment is quickly becoming one of Wasabi's biggest areas of business due to the sheer amount of data impacting everything from the fan experience and player performance, to franchise operations. Storing that data must be simple and affordable so these organizations can effectively harness its power in the digital age, Becoming the Proud Partner of the Boston Red Sox, one of the most beloved sports franchises, not just in our own backyard, but in the world, is an incredible step, and the work we will do together will change the trajectory of our company." -Michael Welts, chief marketing officer, Wasabi Technologies. As a partner of the Boston Red Sox, Wasabi will creatively leverage the global reach of one of the preeminent sports brands in the world. The Wasabi brand will be prominently displayed throughout historic Fenway Park, and Wasabi will support a number of Red Sox Foundation initiatives including STEM education and career programming, and the Run to Home Base, dedicated to healing the invisible wounds for Veterans of all eras, Service Members, Military Families and Families of the Fallen through world-class clinical care, wellness, education, and research. Additional Wasabi brand activations will be present across Fenway Sports Group's entertainment properties in the coming years, including as Presenting Partner of the Plainridge Park Casino Fenway Concert Series. "As our data needs continue to evolve, from player analytics, IoT, digital assets and even security, this presents an enormous learning opportunity for the organization, Wasabi provides a cost-effective cloud-based solution that enables us to retrieve content quickly and improve the level of video analysis and production we do here at the Red Sox. We could not be more excited to welcome Wasabi onboard." -Red Sox SVP and CTO Brian Shield. About Wasabi Technologies Wasabi provides simple, predictable and affordable hot cloud storage for businesses all over the world. It enables organizations to store and instantly access an unlimited amount of data at 1/5th the price of the competition with no complex tiers or unpredictable egress fees. Trusted by tens of thousands of customers worldwide, Wasabi has been recognized as one of technology's fastest-growing and most visionary companies. Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi has secured nearly $275 million in funding to date and is a privately held company based in Boston and is a Proud Partner of the Boston Red Sox.

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Facebook changes name of its annual VR event and its overall AR/VR organization

techcrunch | August 25, 2020

The company says it is changing the name of their augmented reality and virtual reality organization to “Facebook Reality Labs,” an org which will encompass the company’s AR/VR products under the Oculus, Spark and Portal brands.The company’s AR/VR research division had its title changed from Oculus Research to Facebook Reality Labs back in 2018. That division will now be known as FRL Research.Facebook has also announced that Oculus Connect, its annual virtual reality developer conference, will be renamed Facebook Connect and will be occurring entirely virtually on September 16.

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Are you curious about how VR works?  We made a 3-part series about the STEM of VR, explaining the Science of VR, the Math of VR, and now the Technology of VR.  By Technology, we mean - how do gadgets like VR Headsets work to create Virtual Reality?

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