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ArchiveForeign Market Sales Boost Warner Music Group ResultsAuthored by Mark Hefflinger on February 9, 2010 - 10:00am.
 New York
- Major record label Warner Music Group (NYSE: WMG) reports that revenue from its fiscal
first quarter, ended in December, was up 3% to $918 million, although the
company posted a net loss for the quarter of $17 million. Foreign sales were up
12.7%, helping to defray sales that were down by 9.5% in the U.S., making
for an overall 3.4% increase in income.
Yahoo Hires Universal Music's Bronikowski to Head Music UnitAuthored by Mark Hefflinger on February 9, 2010 - 9:48am.
New York
- Yahoo has hired senior Universal Music Group executive Jeff Bronikowski to
head Yahoo Music, Billboard reported.
Business Publisher Penton Media Files for BankruptcyAuthored by Mark Hefflinger on February 9, 2010 - 9:43am.
New York
- Penton Media, a publisher of business magazines, announced on Tuesday that it
has filed for Ch. 11 bankruptcy protections, hoping to restructure its $270
million of debt.
Yale Gets $4 Million to Develop HIV Prevention Video GameAuthored by Mark Hefflinger on February 9, 2010 - 9:20am.
New Haven, Conn.
- Yale University has received a $3.9 million
grant to develop a video game designed to teach young people how to avoid being
infected with HIV, GamePolitics reported.
Fotomoto Raises Funding for Self-service Photo MonetizationAuthored by Mark Hefflinger on February 9, 2010 - 9:17am.
San Francisco
- Fotomoto, a service that lets photographers monetize their photos through
contacts with Web publishers, has raised $623,000 in funding.
tags: Deals | Publishing | Images | User-Generated | Draper Fisher Jurvetson | Amidzad Partners | Fotomoto |
iFollo.com Gets $1 Million for User-Submitted Celebrity SightingsAuthored by Mark Hefflinger on February 9, 2010 - 8:12am.
Park City,
Utah - iFollo.com, a site that
lets users share stories of encounters with celebrities and public figures,
announced on Tuesday that it has raised $1 million from investor Robert S.
Trump.
MySpace Music Testing Audio AdsAuthored by Mark Hefflinger on February 8, 2010 - 1:03pm.
Los Angeles
- MySpace Music, the joint venture between the News Corp.-owned (NYSE: NWS) social network
and the major record labels, is testing 30-second audio ads that users must
listen to before they can access free song streams, the Associated Press
reported. The ads "are timed so that a user can listen to up to 100 songs
on a playlist or to a full album with just a single interruption after the
first song," AP reports. The company is working with TargetSpot to sell
the audio ads.
EA to Release Version of "Madden NFL" on FacebookAuthored by Mark Hefflinger on February 8, 2010 - 1:01pm.
New York
- Video game publisher Electronic Arts (NASD: ERTS) plans to bring a version of its popular
"Madden NFL" football game franchise to Facebook, Bloomberg reports.
"We have to make 'Madden' more accessible," EA Sports president Peter
Moore told Bloomberg. "You'll see us on Facebook going forward." Moore called the Facebook
version of the game, which does not yet have a release date, a "simpler
experience" than playing on a console.
Barnes & Noble Replenishes Nook E-book Reader SupplyAuthored by Mark Hefflinger on February 8, 2010 - 12:59pm.
New York
- Bookseller Barnes & Noble (NYSE: BKS) announced on Monday that its Nook e-book
reader device is now in stock at its online store, and will be rolling out in
the majority of its retail stores later this week. The company, which ran out
of Nook inventory for the year before Thanksgiving last year, noted that it
"quickly sold out of nook stock online over the holidays due to
unprecedented customer demand," but has since "ramped up
production."
Sony's "Free Realms" Online Game Hits 8 Million UsersAuthored by Mark Hefflinger on February 8, 2010 - 11:27am.
San Diego
- Sony (NYSE: SNE) Online Entertainment said on Monday that its free, family-friendly
online game "Free Realms" now counts over 8 million unique registered
users. The Sims-like online game features social networking elements and also
an offline physical trading card game.
Italian Court Reinstates ISP Block on The Pirate BayAuthored by Mark Hefflinger on February 8, 2010 - 11:25am.
Los Angeles - An Italian
court has ruled that ISPs in the country must block access to file-sharing hub
The Pirate Bay, reinstating a ban that had been previously overruled, then
reaffirmed by Italy's
Supreme Court, TorrentFreak reported.
Google to Add 'Status Updates', Other Social Features to GmailAuthored by Mark Hefflinger on February 8, 2010 - 10:59am.
Mountain View,
Calif. - Google (NASD: GOOG) plans to add new
social features to its Gmail service that include the ability to share
"status updates" and recent activity on third-party services with
contacts, The Wall Street Journal reported, citing people familiar with the
matter.
Google to Appeal French Court Ruling on Digital Book IndexAuthored by Mark Hefflinger on February 8, 2010 - 10:50am.
Paris
- Google (NASD: GOOG) has appealed a French court ruling that prohibited the company from
digitizing French authors' works for inclusion in its massive book index
without publishers' permission, Agence France-Presse reported.
tags: Law | Lawsuits | Google | France | Copyright | E-Books | Publishing | Books | Google Book Search |
Video Caption Transcriber 3Play Media Raises FundingAuthored by Mark Hefflinger on February 8, 2010 - 10:40am.
Somerville,
Mass. - 3Play Media, a developer
of video caption transcription technology, announced that it has raised
$450,000 in funding from angel investors.
Report: EMI Plans 'Radical' Cost Cuts, More LayoffsAuthored by Mark Hefflinger on February 8, 2010 - 10:06am.
 London
- Major record label EMI is planning "radical cost cuts, including a
further reduction in its 3,500-strong workforce," in a bid to make the
company more attractive to investors, the Telegraph reported. Terra Firma, the
private equity firm that acquired EMI for $4.7 billion before the recession hit,
is seeking an additional more than $160 million from investors, in order to
meet loan repayment deadlines and prevent a possible takeover by lender Citigroup.
Report: AOL Working with Four Bidders on Sale of ICQAuthored by Mark Hefflinger on February 8, 2010 - 9:58am.
New York
- AOL (NYSE: AOL) is in serious negotiations with four bidders to sell its ICQ instant
messaging service, All Things D reported on Monday.
Swedish Web Movie Service Voddler Gets $3.5 MillionAuthored by Mark Hefflinger on February 8, 2010 - 9:44am.
Stockholm,
Sweden -
Voddler, a provider of streaming video services, has raised $3.5 million in new
funding from Eqvitec Partners.
Canadian News Site The Mark Closes First Round of FundingAuthored by Mark Hefflinger on February 8, 2010 - 9:26am.
Toronto
- The Mark, a Canada-based online daily news magazine, announced on Monday that
it has closed its first round of funding, led by Innovation Grade Capital.
Motorola Leads Investment in Social Music Player TuneWikiAuthored by Mark Hefflinger on February 8, 2010 - 9:13am.
Schaumberg,
Ill. - Motorola (NYSE: MOT) Ventures
announced on Monday that it has led a new investment round in TuneWiki, a
provider of social media music players and related applications.
tags: Deals | VC | Social Networking | Music | Lyrics | Motorola Ventures | Novel TMT | Hillsven Capital | Intellect Capital Ventures | TuneWiki | Benchmark Israel |
Hachette Joins Macmillan in Seeking Variable E-book PricingAuthored by Mark Hefflinger on February 5, 2010 - 11:58am.
New York
- A second large publishing house has joined Macmillan in seeking a variable
pricing model for e-books, challenging Amazon.com's bid to set an industry
standard price of $9.99 for e-books, The Wall Street Journal reported.
Lagardere's Hachette Book Group said in a letter to book agents that it would
seek a pricing formula from all retailers like the one that Apple has proposed,
where publishers could set prices ranging up to $14.99 for some titles.
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