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Netflix, Disney Extend Licensing Agreement

Netflix and Disney-ABC has entered into an extension of their previous existing licensing agreement. The extension allows Netflix to continue to stream library episodes from ABC Studios, Disney Channel and ABC Family over the Internet.  As part of the deal, Netflix is also adding new content to its lineup of Disney-ABC series and TV movies.

Episodes from new seasons of current Disney-ABC series will be made available to Netflix 30-days after the last episode of each season airs. Among the series and TV movies extended as part of the deal include prior season episodes of Grey’s Anatomy, Desperate Housewives, and Private Practice; and all episodes of Lost, Brothers & Sisters, and Ugly Betty, among others.

 

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Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.