Apple has announced that 270,000 iPhones were sold during the device's first two days on sale, a number that both the company and partner AT&T tried to reconcile with the fact that AT&T reported only 146,000 iPhones were activated during the same period. [more..]

Some 57% of U.S. Internet users have watched videos online, and about one in five (19%) do so daily, according to a new telephone survey of 1,492 Internet users conducted by the Pew Internet & American Life Project. [more..]

Days after rival Netflix announced subscription price cuts at its online DVD rental service, video rental giant Blockbuster said on Thursday that it has lowered the cost of several of its online subscription plans. [more..]

A judge told the company suing online social network Facebook for copyright infringement, breach of confidence, fraud and misappropriation of trade secrets that its case was lacking in concrete evidence [more..]

Linden Lab's online virtual world "Second Life" announced that it has banned its residents from participating in any forms of online gambling [more..]

Sony's PlayStation 2 accounted for 42% of U.S. video game console usage during June, and PC gamers played Blizzard Entertainment's "World of Warcraft" more than four times as much as any other PC game during the month [more..]

R.H. Donnelley, a yellow pages and online commercial directory company, has agreed to pay $345 million in cash to acquire Business.com, an online business search engine and directory company [more..]

News Corp.'s MySpace and Fox Broadcasting units announced on Thursday that they have partnered with the Producers Guild of America, on a contest that will seek online submissions of TV pilots from aspiring producers and award two the opportunity for a development deal with Fox [more..]

ComScore, a provider of Internet audience measurement services, announced on Thursday a new tool that will measure Internet users by their overall time spent online. [more..]

EarthLink announced that it will invest up to $100 million of additional funds in its wireless voice and data services joint venture, Helio [more..]

Reston, Va. - Sprint Nextel said on Thursday that it is working with Google to create a new WiMAX mobile Internet portal. The companies said that the site will feature search, interactive communications and social networking tools. [more..]

Sunnyvale, Calif. - Harmonic, a provider of broadcast and on-demand video delivery technology, announced that it will acquire Rhozet, which develops universal transcoding technology for the creation of multi-format video for Internet, mobile and broadcast applications, for $15.5 million. [more..]

New York - Perfect World, an online game developer and operator in China, saw its shares rise 30% in their initial public offering on the Nasdaq on Thursday. [more..]

San Francisco - Curse Inc., a gaming portal dedicated to massively multiplayer online games, announced on Thursday that it has raised $5 million in its first round of venture capital financing, from AGF Private Equity and angel investors. [more..]

Scott Goldberg releases this season's Professional Fanboy League (PFL) Power Rankings, a top 10 of the companies sporting the most passionate following. [more..]

Washington - The Entertainment Software Association (ESA), a U.S. trade group of video game publishers and developers, said on Thursday that so far over 100,000 Americans have joined the Video Game Voters Network [more..]

Verizon Wireless announced on Thursday that it has teamed with ESPN and Qualcomm's MediaFLO USA unit to create a mobile TV channel for the action sports network EXPN that will include live competitions from the upcoming X Games 13 [more..]

Lulu.com, a marketplace for new digital content on the Internet, on Thursday announced that it has published "the world's first book written using a mobile phone." [more..]

London-based Z Group on Thursday introduced ShrinkMyTunes, a new compression technology the company says provides four times more storage capacity for MP3 files on audio devices. [more..]

Microsoft announced on Thursday that it will lower the cost of the HD DVD player add-on for its Xbox 360 video game console from $199 to $179, beginning Aug. 1. [more..]

Retail giant Target has announced that it will stock Sony's Blu-ray Disc players and Blu-ray movie and video titles during the upcoming holiday season [more..]