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Blockbuster, Netflix rebound
Shares of Blockbuster on Wednesday recovered their Tuesday losses as investors seemed to digest analyst comments suggesting that Apple’s move into online film rentals wouldn’t be the end of the video rental giant (HR 1/16). The stock closed up 18.6% at $3.19 after hitting a low the previous day. Shares of Netflix, which also declined Tuesday, closed up fractionally to $22.18.
Noto leaves Goldman for NFL
Goldman Sachs media, entertainment and Internet industry analyst Anthony Noto has decided to retire as a partner of the Wall Street powerhouse to become executive vp and CFO of the NFL. During his nine-year career at Goldman, Noto has repeatedly been recognized as one of the leading sector analysts and other achievements. Before becoming an equity-research analyst, he was a brand manager at Kraft Foods and a captain in the U.S. Army.
Openads secures funding
Open-source advertising server provider Openads has received a Series B financing worth $15.5 million. The capital injection round was led by Accel Partners and also included existing investors Index Ventures, First Round Capital, Mangrove Capital Partners and O’Reilly AlphaTech Ventures. The company will use the funds to accelerate product development and expand its team.
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