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Top StoriesVideo Service Joost Sells Assets to Adconion Media GroupAuthored by Mark Hefflinger on November 24, 2009 - 8:26am.
 Santa Monica,
Calif. - Adconion Media Group,
the operator of an online ad and content network, announced on Tuesday that it
has acquired Joost, the streaming TV service founded by the creators of Kazaa
and Skype. Financial terms of the transaction were not disclosed. Founded in
2007 by Niklas Zennstrom and Janus Friis, Joost has raised about $50 million in
funding for its peer-to-peer-based video distribution service.
tags: Deals | Video | Advertising | P2P | Acquisitions | Joost | Adconion Media Group | Janus Friis | Niklas Zennstrom |
Indie Label Collective Merlin Signs MySpace Music DealAuthored by Mark Hefflinger on November 23, 2009 - 9:00am.
 Los Angeles
- MySpace Music, the joint venture between the News Corp.-owned (NYSE: NWS) social network
and the major record labels, on Monday announced a global licensing agreement
with Merlin, which represents independent labels accounting for 10% of global
music sales. The parties did not say whether Merlin received any equity stake
in MySpace Music, although Merlin did note that they have agreed on an "indie
participation plan" for Merlin labels and artists, representing "an
opportunity to participate in and benefit from the financial growth of MySpace
Music with very minimal threshold qualifications."
tags: Marketing | Social Networking | Music | MySpace | Indie | News Corp. | Merlin | MySpace Music |
Sony to Launch Online Entertainment Store in 2010Authored by Mark Hefflinger on November 20, 2009 - 11:23am.
 Tokyo
- Sony (NYSE: SNE) announced plans on Friday to launch a new online store next year that will sell books, music and movies next year, and deliver content to
networked televisions and other devices. The company did not provide many
details about the "Sony Online Service," as it is tentatively being
called, but is expected to be positioned as a competitor to Apple's iTunes
Store.
tags: Games | Video | TV | Sony | Apple | Movies | Publishing | Books | iTunes Store | Sony Online Service |
Google Book Settlement Gets Preliminary Approval; Hearing in 2010Authored by Mark Hefflinger on November 20, 2009 - 11:02am.
 New York
- The judge overseeing the settlement agreement between Google (NASD: GOOG) and authors and
publishers over the direction of its massive book-scanning project has pushed a
hearing on a revised settlement back to Feb. 18, while at the same time granted
preliminary approval to the new deal. "The preliminary approval order
sends a positive initial message; this agreement promises to benefit readers
and researchers, and enhance the ability of authors and publishers to
distribute their content in digital form," Google said in a statement.
tags: Law | Lawsuits | Google | Copyright | E-Books | Publishing | Books | Authors Guild | Google Book Search |
eBay Completes Sale of Skype Unit to Investor GroupAuthored by Mark Hefflinger on November 20, 2009 - 9:34am.
 San Jose,
Calif. - Nearly three months
after first announcing the deal, online auction giant eBay (NASD: EBAY) said that it has
completed the sale of a majority stake in its Skype Internet telephone business
to an investment group headed by Silver Lake Partners. Under the deal, the
investor group -- which also included Joltid Limited, the Canada Pension Plan
Investment Board and Andreessen Horowitz -- paid $1.9 billion and a $125
million note in exchange for a 70% stake in the unit.
tags: Deals | eBay | Acquisitions | Skype | Silver Lake Partners | Andreessen Horowitz | Canada Pension Plan Investment Board | Joltid | Janus Friis | Niklas Zennstrom |
MySpace to Acquire imeem Music Streaming ServiceAuthored by Mark Hefflinger on November 19, 2009 - 9:29am.
 Los Angeles
- News Corp.'s (NYSE: NWS) MySpace has agreed to acquire streaming music service imeem for
an undisclosed sum, although sources told CNET News.com that the deal is valued
at about $8 million. The deal reportedly includes a payment of $1 million in
cash, as well as earn outs and accounts receivable.
Forecast: Holiday E-Commerce Spending to Grow 3%Authored by Mark Hefflinger on November 24, 2009 - 10:17am.
Reston, Va. - Online retail spending for the 2009
holiday season is expected to reach $28.8 billion, up 3% from a year ago,
according to a new forecast from Internet audience measurement firm comScore.
Google Adds TiVo Viewing Data to Google TV Ads PlatformAuthored by Mark Hefflinger on November 24, 2009 - 10:15am.
Alviso, Calif. - TiVo (NASD: TIVO) announced on Tuesday that it
has entered into an audience research agreement with Google (NASD: GOOG), which will see
Google integrate TiVo television viewing data into its measurement of audiences
for ads sold through the Google TV Ads platform.
Live Nation to Sell Live Concert Recordings, Videos on iTunesAuthored by Mark Hefflinger on November 24, 2009 - 9:42am.
Los Angeles
- Concert promoter and venue owner Live Nation (NYSE: LYV) announced on Tuesday that it has
partnered with Apple's (NASD: AAPL) iTunes Store on a new live music program, that will see
Live Nation Studios offer exclusive recorded and filmed concerts for purchase
and download on iTunes.
IDC Acquires Dow Jones' Online Financial Solutions BusinessAuthored by Mark Hefflinger on November 24, 2009 - 9:17am.
Bedford,
Mass. - Interactive Data Corp.
(IDC), a provider of financial market data and analytics, announced on Tuesday
that it has signed an agreement to acquire the data and tools assets of Dow Jones
& Co.'s (NYSE: NWS) Online Financial Solutions (OFS) business.
Attentio Nabs $786K for Social Media Monitoring ToolsAuthored by Mark Hefflinger on November 24, 2009 - 9:03am.
Brussels,
Belgium -
Attentio, a developer of social media monitoring services for brands and
companies, has raised $786,000 in financing from SRIB/GIMB, TechCrunch
reported.
Russian Online Game Developer Nival Network Gets $5 MillionAuthored by Mark Hefflinger on November 24, 2009 - 8:56am.
Los Angeles
- Nival Network, a Russia-based developer of online games, has raised $5
million in new financing from an unnamed investor, TechCrunch reported.
Local Shopping Search Engine Milo.com Lands $4 MillionAuthored by Mark Hefflinger on November 24, 2009 - 8:40am.
Palo Alto,
Calif. - Milo.com, a search
engine that allows shoppers to research products and locate nearby retailers,
announced on Tuesday that it has raised $4 million in its first round of
financing, led by True Ventures.
Facebook, Zynga Face Class Action Suit Over Offer-based AdsAuthored by Mark Hefflinger on November 23, 2009 - 11:35am.
Sacramento,
Calif. - A class action suit has
been filed against Facebook and social network gaming firm Zynga, over
"offer-based" advertisements that allegedly resulted in users being
billed for unwanted services, Valleywag reported.
Mobile TV Chipmaker Telegent to Raise Up to $250M in IPOAuthored by Mark Hefflinger on November 23, 2009 - 11:14am.
Sunnyvale,
Calif. - Telegent Systems, a developer
of semiconductors that enable mobile TV services, on Monday filed with the
Securities and Exchange Commission (SEC) to raise up to $250 million in its
initial public offering (IPO).
Apple to Launch iPhone in South Korea This WeekAuthored by Mark Hefflinger on November 23, 2009 - 10:16am.
Seoul, South Korea - Apple (NASD: AAPL) will launch the iPhone in South
Korea later this week with local carrier KT Corp, which is already accepting
pre-orders for the smartphone, the Associated Press reported.
Report: Million Spotify Streams Earn Lady Gaga Just $167Authored by Mark Hefflinger on November 23, 2009 - 10:03am.
Los Angeles - Despite racking
up more than a million streams in Sweden during a five month period
on ad-supported streaming service Spotify, artist Lady Gaga's song "Poker
Face" generated a songwriting royalty payment of just $167 from Swedish performing
rights society STIM, TorrentFreak reported, citing the local Swedish outlet
Expressen.
Study: Online Video Ads Less Effective on Social NetworksAuthored by Mark Hefflinger on November 23, 2009 - 9:36am.
Los Angeles
- Online video advertising is more effective on content sites and within email
than it is when place on social networking and video game-related sites,
according to a report from Eyeblaster, a provider of third-party online ad
distribution.
AOL to Unveil New Logo Following Next Month's SpinoffAuthored by Mark Hefflinger on November 23, 2009 - 8:42am.
New York
- Hoping to reinvigorate its business, AOL said that it plans to alter its logo
beginning Dec. 10, the day after the completion of its scheduled spinoff from
parent Time Warner (NYSE: TWX).
Google Acquires Customized Ad Technology Firm TeracentAuthored by Mark Hefflinger on November 23, 2009 - 8:28am.
Mountain View,
Calif. - Google (NASD: GOOG) announced on
Monday that it has acquired Teracent, a developer of online display advertising
customized by machine-learning algorithms.
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