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Toys “R” Us faced a $400 million debt payment next year. : If you’re a retailer and you’re not Amazon or Walmart, life can be very hard. The bankruptcy filing by Toys “R” Us on Monday is just the latest example. • JPMorgan Chase and others will lend $3 billion to help the company keep operating and paying employees. “As part of the restructuring process, Toys ‘R’ Us plans to close some underperforming stores, according to people familiar with the ... Full investment news article
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Patreon Raises $60m Because Fans Still Pay For Content
An art industry startup is doing what many media companies believe is impossible: Attracting consumers who want to pay for content. Patreon, which lets artists charge fees for their work, today announced that it has raised $60 million in a new funding round led by Thrive Capital. How it works: Borrowing from the idea of patronage, Patreon's creators can collect membership fees from their fans (or patrons) in exchange for access to exclusive art or content. This year, the company ... Full investment news article
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