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Los Angeles-based MetaMedia announced this morning that it has received a "significant" strategic investment from private equity investor Dimensional Asociates. Size of the investment was not announced, however, the company said Dimensional Associates has purchased a controlling interest and recapitalized the company.... Continue →
IAC, the Internet media giant founded by Barry Diller, may be preparing a lawsuit seeking billions of dollars from artificial intelligence companies for a coalition of online publishers, for their use of those publishers' content to train their AI, according to a report. IAC has had a long history in the world of Los Angeles online publishing and media, in addition to its involvement in Hollywood.... Continue →
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