CNN announced that it acquired Canopy, a 15-person startup that developed a personalized, privacy-focused content-recommendation engine. The WarnerMedia-owned news outlet said it will use Canopy’s technology to accelerate development of a new project to connect users “to trusted sources, storytellers and creators.”
Terms of the deal weren’t disclosed. Founded in 2017, Canopy (canopy.cr) had raised $4.5 million led by private-equity firm Matrix Partners, according to Crunchbase. The startup, based in Brooklyn and Boston, also had investors from Spotify, WeWork, Splice, E14 Fund and Keybase.
CNN said all of Canopy’s 15 employees will join the news organization, led by founder and CEO Brian Whitman, who previously served as Spotify’s principal scientist. The Canopy team hails from companies including Instagram, Google, Twitter and Flipboard.
CNN said it will use Canopy’s system for the development of “NewsCo,” the code-name for its forthcoming news and information platform stocked with content from CNN and third-party partners.
Terms of the deal weren’t disclosed. Founded in 2017, Canopy (canopy.cr) had raised $4.5 million led by private-equity firm Matrix Partners, according to Crunchbase. The startup, based in Brooklyn and Boston, also had investors from Spotify, WeWork, Splice, E14 Fund and Keybase.
CNN said all of Canopy’s 15 employees will join the news organization, led by founder and CEO Brian Whitman, who previously served as Spotify’s principal scientist. The Canopy team hails from companies including Instagram, Google, Twitter and Flipboard.
CNN said it will use Canopy’s system for the development of “NewsCo,” the code-name for its forthcoming news and information platform stocked with content from CNN and third-party partners.
- 4/7/2020
- by Todd Spangler
- Variety Film + TV
CNN announced today that it has acquired the assets and hired the development team of Canopy, a Brooklyn and Boston based private firm that will help speed the development of NewsCo, a new upcoming news and information platfom.
Financial terms of the deal were’t disclosed.
CNNs said NewsCo is meant to connect users to sources, storytellers and creators across a wide range of topics and is the initial project of CNN’s recently formed team of strategists and tech experts focusing on new products and platforms drive news consumption.
“This acquisition enables us to light up in a single transaction a proven, best-in-class team whose deep knowledge and skill sets would’ve...
Financial terms of the deal were’t disclosed.
CNNs said NewsCo is meant to connect users to sources, storytellers and creators across a wide range of topics and is the initial project of CNN’s recently formed team of strategists and tech experts focusing on new products and platforms drive news consumption.
“This acquisition enables us to light up in a single transaction a proven, best-in-class team whose deep knowledge and skill sets would’ve...
- 4/7/2020
- by Jill Goldsmith
- Deadline Film + TV
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