FreedomPop Raises $30 Million in Funding

As originally reported on Recode, the mobile carrier FreedomPop has decided not to sell and has recently picked up $30 million in new funding. This new funding comes from Partech Ventures, a European venture capital firm. One of the contributing factors to the company’s decision not to sell was CEO Stephen Stokols belief that the company would attain three to four times its current value in the next year after expanding its business internationally, Stokols also mentioned that he was inspired to make the decision not to sell by Silicon Valley, a television show about a fictional startup who decided to stay independent.

FreedomPop also intends to acquire retail partnerships, hoping to have their products on major retailer’s shelves by this coming October, despite Stokols saying he is not entirely convinced that it is what the company needs although several retailers have already expressed interest in a partnership. Until then their products are only available online. Stokols goes onto state that improving the company’s customer service is another one of their major priorities. To accomplish this the company is hiring more staff in addition to improving the software they use to handle customer service.

More information can be found on Recode at http://recode.net/2015/06/17/freedompop-opts-not-to-sell-raises-30-million-instead/.

Monopoly Ready To Buy Up Theaters Soon

Just about every type of entertainment has inspired a movie or two. Comic books, television shows, and even classic toys have been the subject of major motion pictures over the past decade. It would stand to reason that one very traditional form of entertainment would also inspire a motion picture-the board game. While “Battleship” is still fresh in the minds of movie audiences everywhere, another popular family game is set to make a big screen debut.

According to Screen Rant, Monopoly is being adapted to a major movie. The film is apparently going to be modeled after family-friendly adventure fare, like “The Goonies,” to keep audiences engaged. While the actual plot, script, and cast are yet to be determined, the film has a lot of negativity to conquer after “Battleship” was less than enthusiastically embraced by audiences. Since the Monopoly movie is still in the pre-production phase, the project has a ways to go before audiences get to roll the dice with this one.

Moving the film toward a family-friendly adventure film is a pretty good idea. After all, a film about a person walking around buying things would get pretty dull for Mikal Watts to want to watch. In any event, the film is moving forward with a treasure hunt kind of plot. That point alone is enough to draw some interest, but the cast and director will have a lot to say about how well the film does at the box office.