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Top StoriesuSocial Lets You Buy Twitter-FollowersAuthored by Jay Baage on July 2, 2009 - 7:57am.
Warner’s $33M Bid for Midway Games Close To Being ApprovedAuthored by Jay Baage on July 2, 2009 - 7:41am.
 Chicago – Warner Bros. (NYSE: TWX) $33 million bid to buy "substantially all" the assets of Midway Games (NYSE: MWY) looks like its close to being approved. A Delaware bankruptcy judge said Wednesday that the objections to the Warner Bros. deal were resolved, clearing the way for the company to change owners, according to Chicago Tribune.
Report: Paramount in Talks to Merge DVD Operations with Sony and FoxAuthored by Jay Baage on July 2, 2009 - 6:20am.
 Los Angeles - Viacom-owned Paramount Pictures studio (NYSE: VIA) is in preliminary discussions about merging some or all of its DVD operations with Sony (NYSE: SNE) and Fox (NYSE: NWS), according to Financial Times. The purpose would be to save costs on backend physical production and distribution as the market quickly moves toward digital distribution of film and television content.
Michael Jackson Breaks Digital Song Sales RecordsAuthored by Mark Hefflinger on July 1, 2009 - 7:50am.
 Los Angeles
- Michael Jackson has sold a record 2.6 million digital songs in one week, up
from 48,000 a week ago, according to sales data compiled by SoundScan. The feat
makes Jackson the first artist to sell over a million downloads in a single
week.
MCS Music Files Copyright Suit Against Yahoo, Microsoft, RealAuthored by Mark Hefflinger on July 1, 2009 - 7:24am.
 Nashville, Tenn. - MCS Music America,
a company that provides administration and manages copyrights for some 45,000
music tracks, has filed copyright infringement claims against Yahoo (NASD: YHOO), Microsoft (NASD: MSFT)
and RealNetworks (NASD: RNWK), alleging the companies did not obtain all the proper
permissions for using its tracks on their service, Techdirt reported. On its
website, MCS Music America
says it administers copyrights for artists including Elvis Presley, Tina
Turner, Mariah Carey, Metallica and Moby, among others.
RIAA Wins Copyright Judgment Against Usenet.comAuthored by Mark Hefflinger on July 1, 2009 - 6:00am.
 Los Angeles
- The Recording Industry Association of America (RIAA) announced on Wednesday
that a federal court has ruled in its favor in a copyright infringement lawsuit
it filed against Usenet.com. According to CNET's coverage, U.S. District Judge
Harold Baer of the Southern District of New York found Usenet.com -- which
offers access to the twenty-year-old Usenet network -- guilty of direct,
contributory and vicarious copyright infringement.
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.
Bling Nation Lands $8M for Cell Phone Payment SystemAuthored by Jay Baage on July 2, 2009 - 7:11am.
Palo Alto - Bling Nation, a mobile payments infrastructure service, has raised $8 million in funding from Lightspeed Venture Partners, Meck and Camp Ventures. The money will be used to work with banks in local U.S. communities to set up the infrastructure required for its Redi Pay Bling mobile payments service. tags: Deals | Investing | Venture Capital | Mobile Payment Service | Camp Ventures | Bling Nation | from Lightspeed Venture Partners | Meck |
Gannett To Lay Off 1,400, Digital Units SafeAuthored by Jay Baage on July 2, 2009 - 6:47am.
New York - Newspaper publisher Gannett Co. (NYSE: GCI), owner of USA Today and dozens other newspapers, plans to cut 1,400 jobs in the next few weeks, as a result of decreased advertising revenue.
tags: Marketing | Advertising | Newspapers | Layoffs | Gannett | USA Today | PointRoll | ShopLocal | Ripple6 |
Gizmodo, Engadget Founders Launch GDGT Social NetworkAuthored by Mark Hefflinger on July 1, 2009 - 9:19am.
San Francisco
- The founders of gadget news blogs Gizmodo and Engadget have teamed to launch
GDGT, a gadget-focused online social network.
Insider Trading Probe Launched on Pirate Bay BuyerAuthored by Mark Hefflinger on July 1, 2009 - 8:24am.
Stockholm, Sweden - An investigation has been launched into suspected insider trading
of shares in Sweden-based Global Gaming Factory, following irregular volume was
seen a week before the company acquired file-sharing hub The Pirate Bay for
$7.8 million, TorrentFreak reported.
tags: Deals | Law | Music | Movies | Acquisitions | Copyright | The Pirate Bay | Global Gaming Factory |
Former NCAA Players Sue EA Over Likenesses in Football GamesAuthored by Mark Hefflinger on July 1, 2009 - 8:01am.
Los Angeles
- A number of former college football players have filed suit against
Electronic Arts (NASD: ERTS), alleging the company included their likenesses in its
"NCAA Football" video games without permission, GamePolitics
reported.
Report: iPhone App Developers Have Raised $100M to DateAuthored by Mark Hefflinger on July 1, 2009 - 7:37am.
Los Angeles
- Start-up companies focusing on developing applications for Apple's (NASD: AAPL) iPhone
have raised $102.49 million in venture capital over the past two years, according
to data compiled by the blog ChubbyBrain.
tags: Deals | Mobile | VC | Apple | Investments | iPhone | Kleiner Perkins Caufield & Byers | iFund |
AMC Acquires Movie Sites Filmcritic.com, Filmsite.orgAuthored by Mark Hefflinger on July 1, 2009 - 5:38am.
New York
- Rainbow Media's AMC cable TV network announced that it has acquired two
movie-related websites, Filmcritic.com and Filmsite.org.
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.
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 |
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Australia - How is this for an innovative social media marketing idea? An Australian marketing company called uSocial is offering a paid service that finds followers for users of the micro-blogging service Twitter. Is it cheating? You decide. 
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