2014 proved to be a transformational year for content-driven digital media and tech investment. What started as a year in which SoCal investors longed for credibility and redemption for their long-held faith in the age-old adage "content is king" (in an increasingly tech-driven world), ended as a year of affirmation via a parade of multi-billion dollar exits. Disney unlocked this door first on the video side of the house with its $500-$950 million purchase of leading multi-channel network (MCN) Maker Studios. But, then others rushed the stage. Facebook bought virtual-reality (V/R) company Oculus Rift - and its initial gaming applications -- for $2 billion; and Apple Beat(s) the drum of music for $3 billion. These three deals alone totaled nearly $6 billion and defined a millennial-driven year in digital media.
Read the article here.