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Here's your Daily Crunch. The Big Media Consolidation continues.

Amazon has snapped up MGM in a deal worth more than $8 billion.

Its studio purchase helps cement Amazon in the mix of tech companies with huge investments

in the online video space.

Observers believe the e-commerce trying plans to use MGM to bolster its prime service,

making consumers less likely to churn thanks to the inclusion of more services.

Let's check in on the world of startups and venture capital.

Imagine if Google Docs was end-to-end encrypted so that not even Google could access your documents.

That's SCIF, in a nutshell, and the idea has already attracted the attention of investors

raising 3.7 million dollars in seed funding from venture firm Sequoia Capital

just over a year since SCiff was founded in March 2020.

Treat is a company rethinking the resale retail market and they announced yesterday the close of

a $2. million dollar seed round.

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