Cupertino, Calif. - A day after slashing the price of its iPhones by $200, Apple on Thursday said that it will offer previous purchasers of the product a $100 store credit. [more..]

Sacramento, Calif. - California Gov. Arnold Schwarzenegger yesterday appealed a federal court ruling that struck down as unconstitutional a law that would have restricted the sale of violent video games to minors. [more..]

Brussels - The European Commission will hold a hearing later this month at which executives from Apple and several major record labels will appear to discuss the Commission's charges that the iTunes Store might violate EU competition rules, Billboard reported. [more..]

Santa Clara, Calif. - Vudu on Wednesday introduced its movie-on-demand service, which includes a $399 Internet-connected set-top box and a selection of over 5,000 movies. [more..]

San Francisco - Online retail giant Amazon.com is set to introduce its own e-book reader device next month that can connect wirelessly with the company's online e-book store, The New York Times reported on Thursday. [more..]

New York - CBS Corporation announced on Thursday that it will acquire SignStorey, a provider of video programming and advertising content to retail stores, for $71.5 million in cash. [more..]

Denver - Toshiba and Sony, the developers of the rival next-generation HD DVD and Blu-ray Disc formats, respectively, on Thursday introduced several new players each at the CEDIA home cinema exhibition in Denver. [more..]

Burbank, Calif. - Warner Bros. Entertainment announced on Thursday plans to launch a megasite for its animation holdings, including Warner Bros. Animation, Looney Tunes, Hanna-Barbera and DC Comics, that will feature cartoons on-demand, games and virtual world elements. [more..]

Edison, N.J. - Video game publisher Majesco Entertainment announced on Thursday that it has raised $6 million through a private placement of its shares with several institutional investors. [more..]

Dusseldorf, Germany - JOGO Media, a provider of in-game advertising services, said on Thursday that it has secured a new round of financing from Switzerland's Goldbach Media. [more..]

London - Ideaworks3D, a developer of mobile games and provider of mobile game development tools, has raised an undisclosed amount of new funding, from Japan Asia Investment Co., PEHub.com reported. [more..]

Luciano Pavarotti died today at the age of 71, leaving behind four decades of work, much of which can be seen on the internet. [more..]

Facebook currently ranks 20th in terms of delivering traffic to retail websites. Four percent of people leaving Facebook go to a retailer - and this number has doubled during 2007, blogs Robin Goad of Hitwise UK.
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Scott Karp blogs about that Facebook's has allowed public stripped down versions of user profiles that are crawlable by search engines, which raises privacy issues for personal users and has questionable utility for business users. [more..]

Set your DVR's and TiVo's, because Britney is performing at MTV's Video Music Awards on September 9, the network confirmed today. [more..]

The ability to buy real equity in an athlete isn't quite here yet, but ProTrade.com is getting as close as possible. [more..]

Fred Thompson is officially running for President, and in an act befitting his career, he made the announcement in Hollywood. [more..]

Los Angeles - Disney's ABC Entertainment and Warner Bros. TV Group have signed a unique deal for the online rights to TV shows produced by Warner that air on ABC, Variety reported. [more..]

Atlanta - Cable TV provider Cox Television on Thursday announced that it has formed a new company, called Cox Cross Media, that will focus on online media advertising sales for its roughly 300 television stations. [more..]

Cambridge, Mass. - Maven Networks, a provider of Internet TV delivery technology, said on Thursday that Sony BMG and FT.com will use its services to launch new consumer video offerings. [more..]

Dulles, Va. - The Washington Redskins have teamed with AOL to launch Redskins Connect, a new line of online offerings including Redskins-related e-mail addresses, video and picture uploads and a co-branded toolbar. [more..]

New York - Setanta Sports North America, which owns broadcast rights to several major sports leagues, said on Thursday that it will offer mobile video clip footage of the 2007 Rugby World Cup on Verizon Wireless' V CAST Video service. [more..]

Austin - Online Game Services, a unit of GNi, announced on Thursday that it has partnered with peer-to-peer firm BitTorrent to develop a download service for online games. [more..]