Alistair's Feed
Jun 4, 2013

Amazon plans major move into grocery business -sources

SAN FRANCISCO, June 4 (Reuters) – Amazon.com Inc is
planning a major roll-out of an online grocery business that it
has been quietly developing for years, targeting one of the
largest retail sectors yet to be upended by e-commerce,
according to two people familiar with the situation.

The company has been testing AmazonFresh in its hometown of
Seattle for at least five years, delivering fresh produce such
as eggs, strawberries and meat with its own fleet of trucks.

Jun 4, 2013

Amazon writes huge check for video rights to Dora, SpongeBob

SAN FRANCISCO, June 4 (Reuters) – Amazon.com Inc
wrote its largest-ever check for a subscription-streaming deal,
securing hundreds of mostly childrens’ TV programs from Viacom
Inc for its Internet video service and ratcheting up
pressure on rival Netflix.

Amazon’s deal with Viacom gives the world’s largest Internet
retailer broader access to hit shows including “Dora the
Explorer” and “SpongeBob SquarePants.” Netflix had
previously conceded that losing access to those shows would be a
blow.

Jun 4, 2013

Amazon writes biggest streaming video check for Dora, SpongeBob

SAN FRANCISCO (Reuters) – Amazon.com Inc wrote its largest ever check for a subscription streaming deal on Tuesday to secure hundreds of mostly kids’ TV shows for the company’s Internet video service, ratcheting up pressure on rival Netflix Inc.

Amazon announced a new multi-year digital video licensing agreement with media company Viacom Inc, giving the world’s largest Internet retailer broader access to hit shows including Dora the Explorer and SpongeBob SquarePants.

Jun 4, 2013

Amazon ad revenue may top $800 million this year: eMarketer

SAN FRANCISCO (Reuters) – Amazon.com Inc advertising revenue may top $800 million this year as the world’s largest Internet retailer uses its huge customer base and store of purchasing data to show more-target ads on its websites and those of other companies, eMarketer estimated on Tuesday.

Amazon is known as a sleeping giant in the ad industry because the company has rich consumer data but has been tentative about using it for a lot of advertising. That has begun to change recently, prompting industry consulting and data firm eMarketer to estimate the company’s ad revenue for the first time.

Jun 4, 2013

Amazon ad revenue may top $800 mln this year-eMarketer

SAN FRANCISCO, June 4 (Reuters) – Amazon.com Inc
advertising revenue may top $800 million this year as the
world’s largest Internet retailer uses its huge customer base
and store of purchasing data to show more-target ads on its
websites and those of other companies, eMarketer estimated on
Tuesday.

Amazon is known as a sleeping giant in the ad industry
because the company has rich consumer data but has been
tentative about using it for a lot of advertising. That has
begun to change recently, prompting industry consulting and data
firm eMarketer to estimate the company’s ad revenue for the
first time.

Jun 3, 2013

Tiger Global raises Eventbrite stake through secondary deal

SAN FRANCISCO (Reuters) – Tiger Global Management, a large private-equity and hedge-fund firm, has increased its investment in online ticketing start-up Eventbrite through a secondary transaction.

Tiger Global’s private-equity and venture capital business, co-headed by Lee Fixel and Scott Shleifer, invested more than $30 million in the secondary deal, which closed in late May, according to a person familiar with the situation. The person did not want to be identified because the transaction was private.

May 29, 2013

Amazon moving ahead with five original TV series

SAN FRANCISCO (Reuters) – Amazon.com Inc said on Wednesday that it will make five original TV series, having used viewer feedback to pick the shows out of a group of 14 pilots filmed by the world’s largest Internet retailer earlier this year.

The chosen pilots are: “Alpha House”, a political comedy starring John Goodman; “Betas”, a comedy about start-up culture in Silicon Valley; “Annebots”, a kids’ show about robots; “Creative Galaxy”, an animated art adventure series; and “Tumbleaf”, another kids’ show about a small blue fox named Fig.

May 27, 2013

The new tech palaces: visionary HQs, or cursed trophies?

SEATTLE/SAN FRANCISCO, May 27 (Reuters) – While much of
corporate America is retrenching on the real estate front, the
four most influential technology companies in America are each
planning headquarters that could win a Pritzker Architecture
Prize for hubris.

Amazon.com this week revealed plans for three verdant
bubbles in downtown Seattle, joining Apple’s circular
“spaceship,” Facebook’s Frank Gehry-designed open-office complex
and a new Googleplex on the list of planned trophy offices.

May 23, 2013

commerce software maker ChannelAdvisor soars in debut

May 23 (Reuters) – ChannelAdvisor Corp shares
soared as much as 39 percent in their market debut on Thursday
as investors bet the e-commerce software company will benefit
from the rapid global spread of online buying and selling.

The company’s shares opened up 25 percent, after its initial
public offering of 5.8 million shares was priced at $14 per
share, the high end of its pricing range. They touched an
intraday high of $19.49, valuing the company at about $400
million.

May 21, 2013

PayPal fires up new data center to support growth

SAN FRANCISCO, May 21 (Reuters) – PayPal has opened a new
data center to help the online payment division of eBay Inc
handle its rapid growth, President David Marcus said on
Tuesday.

The addition means PayPal now has four primary data centers,
which it runs from network operation centers at its headquarters
in San Jose, California, and Scottsdale, Arizona.