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ArchivesReport: U.S. Used Game Market Hits $2B, 100 Million UnitsAuthored by Mark Hefflinger on June 30, 2009 - 8:39am.
New York - The U.S. market for
used video games has reached $2 billion in annual revenues, with 100 million
units now changing hands each year, according to a report from Wedbush Morgan
cited by GamesIndustry.biz. The figure represents one-third of all games sold
every year. The firm said that just 5% of new game sales are affected by the
used market, noting that most used games do not appear on the market until more
than two months after their physical release dates.
Pandora Requires Indie Artists to Have CDs Listed on AmazonAuthored by Mark Hefflinger on June 30, 2009 - 8:35am.
San Francisco
- Streaming radio service Pandora is now requiring independent artists to stock
a physical CD for sale at Amazon.com before adding their songs to the service,
Hypebot reported. Submissions must be available as a physical CD, and include
cover art and a UPC code, in part due to a deal to display album art on Pandora
via Amazon's servers. Artists are also encouraged to joint the Amazon Advantage
Program, which costs $29.95 per year and gives Amazon a 55% cut of profits from
CD sales.
White House Launches New Site to Track Federal IT SpendingAuthored by Mark Hefflinger on June 30, 2009 - 8:32am.
Washington
- The White House on Tuesday launched USASpending.gov, a new web site designed
to inform visitors about how the federal government is spending money on
information technology projects. Speaking at a forum in New York Tuesday morning, Vivek Kundra, the
federal chief information officer, said that although information on the site
already was publicly available, the site's new "dashboard" format is
designed to make it much easier to understand. The site, available at the link
below, features information on nearly 7,000 federal IT investments.
Microsoft's IE8 Sponsors Free Music via Live NationAuthored by Mark Hefflinger on June 30, 2009 - 8:28am.
Los Angeles
- Concert promotion giant Live Nation announced on Tuesday that it partnered
with Microsoft to offer free music downloads to fans who download new customized
versions of the recently-launched Internet Explorer 8 Web browser. The Live Nation
custom browsers will give access to access to an exclusive song from
Nickelback, and content from the Bamboozle Music Festival. IE 8 will be a
sponsor of the band's tour and the Live Nation festival.
Survey: Over Half of Venture Capitalists Say Industry "Broken"Authored by Mark Hefflinger on June 30, 2009 - 8:22am.
Framingham,
Mass. - More than half (52.9%) of
venture capitalists consider their industry "broken," according to a
new survey conducted by Massachusetts-based Polachi.
Joost to Become White-Label Video Provider; CEO Volpi OutAuthored by Mark Hefflinger on June 30, 2009 - 7:12am.
 New York
- Joost, the video distribution firm launched by the creators of Kazaa and
Skype, announced on Tuesday that it will cut staff and turn its focus from an
entertainment portal to being a provider of white-label video services. Chief executive
Mike Volpi is stepping down, but will remain chairman, and will be replaced by
former Comcast executive Matt Zelesko.
Will Pirate Bay Be Successful As A Legit Music Downloading Service?Authored by Jay Baage on June 30, 2009 - 6:59am.
China Bans Trading in Virtual Currency, 'Gold Farming'Authored by Mark Hefflinger on June 30, 2009 - 6:47am.
Shanghai,
China - The
Chinese government has announced new limits on the use of virtual currency, in
a move intended in part to curtail the practice of "gold farming,"
where people in poorer countries play online games and collect virtual gold
which is then sold to rich players in other countries.
Report: Jammie Thomas-Rasset Rejects RIAA Settlement OfferAuthored by Mark Hefflinger on June 30, 2009 - 6:10am.
Los Angeles
- Jammie Thomas-Rasset, the woman recently found guilty of copyright
infringement on a file-sharing network and ordered to pay $1.9 million in damages,
has rejected a settlement offer from the record labels, CNET News.com reported.
Yahoo to Shutter Video Distribution Unit Maven NetworksAuthored by Mark Hefflinger on June 30, 2009 - 5:23am.
 Sunnyvale,
Calif. - Yahoo (NASD: YHOO) plans to shutter
its Maven Networks online video distribution and ad platform, which it acquired
for $160 million in January 2008, TechCrunch reported. "While video
initiatives remain a priority for Yahoo, both for its consumer and advertising
experiences, we are increasing investment in some areas while scaling back in
others," the company told TechCrunch.
The Pirate Bay Acquired for $7.8 Million; Will Go LegitAuthored by Mark Hefflinger on June 30, 2009 - 5:11am.
 Stockholm, Sweden - Swedish software firm Global Gaming
Factory (GGF) announced on Tuesday that it has paid $7.8 million to acquire
notorious file-sharing hub The Pirate Bay, and will turn the site into a
legitimate business that compensates copyright holders. Under the term, the
operators of The Pirate Bay -- who were recently found guilty of copyright infringement,
sentenced to a year in prison and ordered to pay fines totaling $3.9 million --
will receive half of the payment in cash and half in GGF shares.
tags: Deals | P2P | TV | Music | Movies | Sweden | Acquisitions | Copyright | BitTorrent | The Pirate Bay | Global Gaming Factory | Peerialism |
Simage Gets $1.4 Million for Custom Digital TV in BarsAuthored by Mark Hefflinger on June 30, 2009 - 4:33am.
Chicago - Simage, the operator of a digital ad and
programming network for bars and restaurants, has raised $1.4 million in angel
funding, from investors including Horizon Investment Partners, Victory Records
founder Tony Brummel, and individual angels.
tags: Deals | VC | Video | Marketing | Advertising | TV | Simage | Horizon Investment Partners | Victory Records |
High Gear Media Lands $5.5 Million for Automotive WebsitesAuthored by Mark Hefflinger on June 30, 2009 - 4:25am.
Palo Alto,
Calif. - High Gear Media, the
publisher of 38 auto-related news websites, announced on Tuesday that it has
raised $5.5 million in its second round of financing, led by new investor DAG
Ventures.
tags: Deals | VC | Publishing | Accel Partners | Greylock Partners | DAG Ventures | High Gear Media |
French Xbox Users Get Canal Plus TV, Movies, SoccerAuthored by Mark Hefflinger on June 29, 2009 - 11:04am.
London
- Microsoft (NASD: MSFT) has partnered with French pay-TV company Canal Plus to offer
movies, TV and soccer on demand through its Xbox 360 video game console,
Reuters reported. The deal will give French Xbox Live members access to some
3,000 programs, as well as French Ligue 1 soccer matches. Microsoft signed an
Xbox Live programming carriage deal last month with BSkyB.
Nextgov.com Tool Aggregates Government Twitter FeedsAuthored by Mark Hefflinger on June 29, 2009 - 11:03am.
Washington
- Government Executive Media Group, publisher of the Nextgov.com federal
technology community site, said on Monday that it has launched a new tool
designed to aggregate official Twitter feeds from federal government agencies. "Readers
can see real time tweets from across the federal government such as a report
from the Rose Garden on the President's energy bill speech, a warning from the National Terror
Alert Response
Center about terror threats in Sudan, and a
tweet from the NIH on recent findings from their cancer research," said Nextgov
executive editor Allan Holmes.
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