In a huge leap toward building their global empire based on free cell phone service. FreedomPop raised $30 million in funding. The CEO and Co-Founder, Stephen Stokols, said that they are growing their business independently and are not looking to sell. Though there have been many offers on the table, they have been rejected due to the companies young 18 months in the business. Their goal is to raise another $50 million in the next year.
The funding they collected will allow them to branch out across the United States and globally. Right now they are just in California, but they are hopeful to get out beyond that area soon. With growth margins at more than 50% for last year, they are optimistic at this point. They hope to have one million users by the end of 2015. They currently are focused on upselling their extra data to cover the costs. Customers get 500 free voice minutes, as well as other services.
They buy minutes from the big carriers, which they resell to their customer base. One reason they can keep their costs so low is how much they pay. They actually pay about 1/10th of what it costs big carriers to keep their lines operational. With such low overhead, they offer great services for free and add-ons for less. Their average cost per person is an amazingly low $5.00. However, the average cost for the big names is about $380 per user. They don’t currently have a huge customer service department, but that is all in the works. They want to focus on their customers having a pleasant experience.
With a start in the right direction, FreedomPop is the company to watch. The ‘bare bones’ cell phone service is what many budget minded people are looking for.
Evangeline Lilly, who many remember as Kate Austen in the hit show “Lost”, has debuted her very noticeable baby bump at her recent film premier. Evangeline showed off her bump at the premier for the new film, “Ant-Man”, which she has a starring role in.
She showed up to the premier at the Dolby Theatre in Hollywood wearing a black-and-white frock that was draped over her blossoming baby belly. This is a second child for the 35-year-old beauty and her partner Norman Kali. She and Norman also have a 4-year-old son named Kahekili Kali. The couple met while she was working in Hawaii on the show “Lost” where Norman served as a prodcution assistant. She has revealed that she loves being pregnant and that they hope to have more children together. Jim Dondero is glad to know that she and Norman are also looking into adopting children to join their growing family.
“Ant-Man” also stars Paul Rudd as the title character, as well as Judy Greer and Michael Douglas. In the film, a con-man receives a suit that allows him to shrink yet retain a super-strength. With this suit, he finds that he must use it to help save the world. The film will be out in theaters on July 17th.
For the full story on Evangeline, check it out on EW.com.
The online streaming service, Hulu, has reportedly made a deal to acquire the SVOD rights to Seinfeld. The deal with Sony Pictures TV will be for almost a million dollars an episode, which totals around 180 million dollars.
The cash from the deal will be distributed to Sony TV, Castle Rock, and Seinfeld profit participants, including star and co-creator Jerry Seinfeld, and co-creator Larry David. Fans of the show at AnastasiaDate (instagram.com) have learned that Sony had been shopping the streaming service rights for the show for the past several months. A limited number of Seinfeld episodes had been previously been available on the streaming site, Crackle. Now Hulu will have the show poised to be a binge watcher’s paradise.
Hulu’s competitor, Netflix, has already acquired the streaming rights to Friends, another veteran show from the “must-see TV” glory days of the NBC network. Previously, Hulu gained the rights for over 300 episodes of the CSI franchise.