Business

THE NEWS WRAP: HBO set to offer stand-alone streaming service in 2015

Kye White /

US pay-TV service HBO says it will offer a stand-alone streaming service in 2015, Re/code reports.

 

At an investor presentation hosted by HBO parent company Time Warner, HBO chief executive officer Richard Plepler told the audience the company will be launching a digital version of its service that won’t require a pay-TV subscription next year.

 

The company has been under pressure from investors to extract more value from HBO.

Thismoment raises $17.6 million

Thismoment, a startup that helps businesses collect user-generate content for their own marketing efforts, has raised $17.6 million ($AU20.1 million) in Series D funding.

 

The startup automatically gathers content, usually photos and videos, from across social platforms when it’s been posted with a given hashtag.

Brainly raises $9 million

Polish education startup Brainly has closed a $US9 million ($A10.3 million) funding round, led by General Catalyst Partners, Point Nine Capital and Runa Capital, Tech Eu reports.

 

The startup offers a social learning network that allows students to help each other with school work.

 

The capital will be used to accelerate Brainly’s expansion in the United States, where it launched operations earlier this year.

Overnight

The Dow Jones Industrial Average is down 173.45 to 16,141.74. The Australian dollar is currently trading at US88 cents.

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Kye White

Kye began his career at a Fairfax daily on the North-West Coast of Tasmania. He has since taken his belongings, and keen interest in technology, to Melbourne. He has a bachelor of Arts majoring in Political Science from the University of Tasmania and a Graduate Diploma in Journalism from RMIT University.

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