Plex partners with Lionsgate to expand its ad-supported video library

Plex has added a new content partner for its soon-to-launch ad-supported video service. The company announced this morning its service will now also include movies from Lionsgate, which will join Plexexisting partner Warner Bros. Domestic Television Distribution in helping to fill out the forthcoming video-on-demand library.

However, unlike with Warner Bros., whose videos will be limited to U.S. viewers, the deal with Lionsgate is for worldwide streaming. (There may be a few titles with geo-restrictions, Plex noted.)

&Lionsgate is one of the biggest names in the business and we know our millions of users will enjoy free access to their library of movies,& said Keith Valory, CEO of Plex, in a statement. &Plex caters to the most passionate and discerning media lovers all over the world, so it is important for us to be able to bring great content like this together in one beautiful app for all of our users across the globe.&

TechCrunch first reported on Plexplans to enter the ad-supported movies market back in January. The company described a strategy that is similar to Roku— that is, instead of just facilitating streaming through its platform, it will actually broker deals that bring a selection of free content directly to its users. It can then tap into the ad revenue thatgenerated to boost its bottom line as Roku does with The Roku Channel.

Though Plex began as a media organizer, it has, in recent years, expanded to focus on becoming a one-stop-shop for all your media needs. This includes streaming and recording from live TV, streaming music by way of a TIDAL partnership, plus access to podcasts,newsandweb series.

Plex now has 20 million users, and while it doesn&t detail its subscriber numbers, it has achieved profitability.

That said, the one media organization challenge it hasn&t yet solved is helping users search for, discover and track the shows and movies they want to watch outside of live TV or its ad-supported streams. Plex did once say itlooking into paid subscriptions further down the road, as ita natural next step beyond the ad-supported streaming deals.

Plex says its video-on-demand library will launch later this year.

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Hear how to hire at breakneck speed at TechCrunch Disrupt SF

Nothing can get built without talented people with the right skillsets, which is why startups hitting their growth phases have to go from hiring a smattering of employees to building systems that can hire dozens to hundreds of people per year. How can startups double and triple headcount year after year in a sustainable way, all while not losing the culture that made them what they are in the first place?

We&ve got an incredible discussion lined up on the Extra Crunch stage at TechCrunch Disrupt SF this year that answers that prompt from some of the most knowledgeable people in the business.

First, we have Harj Taggar of Triplebyte, a platform designed to accelerate the hiring of quality and vetted engineers for tech startups. Taggar was the first partner to join Y Combinator, where he spent five years helping some of the most successful startups in the world grow from humble origins to debuting at the New York Stock Exchange. Taggar brings a wealth of experience of observing high-growth companies hire, and also brings significant expertise from Triplebyte on what works and what doesn&t at scale for startup hiring.

Next, we have Liz Wessel, CEO and co-founder of WayUp, a platform for student professionals to connect with new jobs and opportunities that has raised more than $27 million in venture capital from Trinity and General Catalyst. Wessel brings a deep operational background to the discussion, not just hiring dozens of people for her own startup, but also seeing how hiring operates horizontally across industries and sectors through her employment platform.

Finally, we have Scott Cutler, CEO and co-founder of StockX, an ecommerce platform for buying and selling sneakers as well as streetwear, handbags and more. StockX has raised $160 million across several rounds of venture capital, and has hundreds of employees. Before he founded StockX, Cutler was head of the Americas for eBay and president of StubHub. He brings both a large tech and a rapidly-growing startup perspective to the discussion.

We&re amped for this conversation, and we can&t wait to see you there! Buy tickets to Disrupt SF here at an early-bird rate!

Did you know Extra Crunch annual members get 20% off all TechCrunch event tickets? Head over here to get your annual pass, and then email This email address is being protected from spambots. You need JavaScript enabled to view it. to get your 20% discount. Please note that it can take up to 24 hours to issue the discount code.

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Walmart is partnering with Capital One to launch a new credit card program, which rolls out on September 24, and includes both co-branded and private-label cards. The former, the Capital One Walmart Mastercard, includes 5% back on purchases made on Walmart.com or paid for in-store using Walmart Pay (the latter for the first 12 months). The private label card, the Walmart Rewards Card, will offer those same perks, but is limited to being used only in Walmart stores and on Walmart.com.

After the 12-month introductory period, the co-branded Mastercard will drop to 2% on Walmart purchases in stores, instead of 5%. However, it will continue to offer 5% on Walmart.com purchases, including Walmart Grocery.

It also offers 2% back on restaurants and travel and 1% back everywhere else. The card doesn&t include any annual fee or foreign transaction fees, and its rewards can be used any time, Walmart says.

Customers can apply for the new card via Walmartwebsite or app, or through CapitalOne.com. The application itself can be filled out using a mobile device and, once approved, customers gain access to the card immediately. They also can load the card into Walmart Pay or into the Walmart app before the physical card arrives in the mail — similar to how Applenew Apple Card works.

Through Capital One, customers will receive purchase notifications, security alerts, 0% fraud liability and the ability to lock/unlock a lost or stolen card from the Capital One app.

The new Walmart store card, meanwhile, also offers 5% back on purchases on Walmart.com, in the Walmart app and on Walmart Pay in-store purchases during the introductory period. It then offers 2% back on Walmart purchases afterward. It also earns 2% back at Walmart Fuel Stations.

Current Walmart cardholders will be converted to the Capital One Walmart Rewards Mastercard or the Walmart Rewards Card, starting October 11, with physical cards arriving in November. They&ll also earn 5% back through Walmart Pay through October 14, 2020.

Walmartprior card, from Synchrony Bank, offered smaller rewards, noted Sara Rathner, credit cards expert at NerdWallet, in a statement published this morning.

&The Capital One Walmart Rewards Mastercard is definitely helping to cement 5% back as the gold standard among retail cards. We already see this rewards rate with the Amazon Prime Rewards Visa card and the Target REDcard. The previous Walmart card issued by Synchrony Bank only offered 3% back on Walmart.com and a paltry 1% back in-store, so the new card is a huge step up,& she said.

Credit card partnerships are an area of importance to major retailers, including Walmartchief rival, Amazon. Its credit card program includes a variety of options, including store cards, travel cards, prepaid cards, no annual fee cards, reward points cards and more. And of course both retailers today are, to some extent, challenged by Apple, which just entered the credit card space, too.

Branded store cards not only help to increase customer loyalty, they also drive more purchases, reduce credit card processing fees, create additional profit in the form of interest and generate records of customer purchases that can be used for targeted advertising.

&As our company has evolved to serve customers shopping in stores, online, and on the Walmart apps, we also recognized the need to fully digitally enable the cardholder experience,& said Daniel Eckert, senior vice president, Walmart services and digital acceleration, in a statement. &Thatwhy we&ve worked with Capital One to make it possible for cardholders to manage essentially every interaction with the program right from the palm of their hands,& he said.

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As expectations from seed investors intensify, a new stage of investment has established itself earlier in the venture-backed company life cycle.

Known as &pre-seed& investing, one of the first legitimate outfits to double down on the stage has refueled, closing its second fund on $77 million.

Afore Capitalsophomore fund is likely the largest pool of venture capital yet to focus exclusively on pre-seed companies, or pre-product businesses seeking their first bout of institutional capital. In many cases, a pre-seed startup may even be &pre-idea,& yet to fully incorporate. While some funds are happy to invest that early, Afore seeks slightly more mature companies.

Afore invests between $500,000 and $1 million in nascent startups. As it kicks off its second fund, founding partners Anamitra Banerji and Gaurav Jain tell TechCrunch they plan to lead all of their investments.

We have the opportunity to build a firm that defines a category. - Afore founding partner Anamitra Banerji

Standouts in Aforeexisting portfolio include the no-fee credit card company Petal — which has raised roughly $50 million to date — mobile executive coaching business BetterUp, childcare information platform Winnie and Modern Health, a B2B mental wellness platform.

Afore portfolio companies have raised more than $360 million in follow-on funding, with an aggregate market cap of $1.5 billion, Jain, the founding product manager at Android Nexus and former principal at Founder Collective, tells TechCrunch. &These are high-quality teams with high-quality projects and ideas.&

Jain and Banerji — a founding product manager at Twitter and former partner at Foundation Capital — began raising capital for Afore$47 million debut fund in 2016. Since then, the landscape for seed investing has shifted. Early-stage investors have begun funneling larger sums of capital to standout teams at the seed, while billion-dollar venture capital funds set aside capital for serial entrepreneurs working on their next big idea. As a result, deal sizes have swelled and deal count has shrunk simultaneously.

&Pre-seed has replaced seed in the venture ecosystem,& Banerji tells TechCrunch. &We saw this early as a result of both of us having been at funds. We knew that this was going to be a massive category just like seed was before it. Now we think itclearly here to stay and we have the opportunity to build a firm that defines a category.&

Since launching the firm, the pair explain they&ve noticed more and more founders explicitly stating that they are in the market for a pre-seed round, a statement you wouldn&t have heard as recently as two years ago.

This is a result of Aforeefforts to legitimize the stage through investments and programming, including its annual Pre-Seed Summit. Though Afore is certainly not the only VC fund focused on the earliest stage of startup investing — other firms deploying capital at the stage include Hustle Fund, which closed an $11.8 million debut fund last year, plus the $20 million immigrant-focused pre-seed fund Unshackled Ventures and the predominant seed and pre-seed stage firm Precursor Ventures, which announced a $31 million second fund earlier this year.

In the past year alone, more than $200 million has been dedicated to the pre-seed stage, with at least nine new funds launching to nurture early-stage startups.

More and more firms are setting up shop at the pre-seed stage as competition at the seed stage reaches new heights. As we&ve previously reported, monster funds are becoming increasingly active at the seed stage, muscling seed funds out of top deals with less dilutive offers. While the pre-seed stage, for the most part, remains protected from competition at the later stage, these firms still have to compete.

The fight for seed

&Nobody wants to lose sight of a deal, so they are willing to toss small amounts of capital very early behind interesting founders,& Jain said. &But frankly, we aren&t sure if itgood for a company to raise that much capital that early in their life cycle.&

Working with a fund that isn&t passionate about what you are building or familiar with the plights of the stage of your business is terrible for founders, adds Jain. Pairing with a focused fund like Afore, on the other hand, allows for &incentive alignment.&

Afore invests across all industries, preferring to back startups in categories &before they are categories.&

&What we are looking for is deep authenticity and passion around the product they are building,& says Banerji. &Ideas on their own aren&t enough. Founder resumes on their own aren&t enough. While we do care about all of those aspects, we get crazy about their clarity of thought in the short term.&

&We don&t take the point of view of ‘here is some money, itOK to lose it,& & he adds. &For us to invest, the founder must be all in. And we generally don&t invest in celebrity founders; we are going after the underdog founder.&

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North now offers Focals smart glasses fittings and purchases via app

NorthFocals smart glasses are the first in the category to even approach mainstream appeal, but to date, the only way to get a pair has been to go into a physical North showroom and get a custom fitting, then return once they&re ready for a pickup and final adjustment. Now, North has released its Showroom app, which makes Focals available across the U.S. and Canada without an in-person appointment.

This approach reduces considerable friction, and itable to do so thanks to technology available on board the iPhone X or later — essentially the same tech that makes Face ID possible. People can go through the sizing and fitting process using these later model iPhones (and you can borrow a friendif you&re on Android or an older iOS device) and then North takes those measurements and can produce either prescription or non-prescription Focals, shipped directly to your door after a few weeks.

The Showroom app also includes an AR-powered virtual try-on feature for making sure you like the look of the frames, and for picking out your favorite color. Once the Focals show up at your door, the final fitting process is also something you can do at home, guided by the appdirections for getting the fit just right.

Should you still want to hit an actual physical showroom, Northstill going to be operating its Brooklyn and Toronto storefronts, and will be operating pop-ups across North America as well.

Focals began shipping earlier this year, bringing practical smart notification, guidance and other software experiences to your field of view via a tiny projector and in-lens transparent display. North, which previously existed as Thalmic Labs and created the Myo gesture control armband, recognized that they were building control devices optimized for exactly this kind of application, but also found that no one was yet getting wearable tech like smart glasses right. Last year, Thalmic Labs pivoted to become North and focus on Focals as a result.

Since launching its smart glasses to consumers, itbeen iterating the software to consistently add new features, and making them more accessible to customers. An early price drop significantly lessened sticker shock, and now removing the requirement to actually visit a location in person to both order and collect the glasses should help expand their customer base further still.

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Booking.com is continuing to mislead its customers despite a crackdown by regulators, claims a new report.

The Competition and Markets Authority ruled this year that booking sites must review the way they rank and display rooms, over pressure-selling concerns.

An investigation by Which? says Booking.com is still giving

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