Cupertino, Calif. - Seventy-four days after its introduction, Apple announced on Monday that it has sold its one millionth iPhone. [more..]

Los Angeles - Film studio Lionsgate Entertainment announced on Monday that it has acquired independent movie studio Mandate Pictures, whose productions include "Stranger than Fiction" and "Harold & Kumar Go to White Castle," for $56.3 million in cash and stock. [more..]

New York - The recording industry has developed a new format, the "ringle," that is essentially a CD single with three songs and an added ringtone that can be downloaded from the Internet via the CD, Billboard reported. [more..]

Burbank, Calif. - In a shift of strategy, Warner Bros. has announced plans to finance a slate of its own original Internet programming, rather than asking advertisers to cover production costs, The New York Times reported. [more..]

Fairfax, Va. - Approaching the sixth anniversary of the 9-11 attacks, George Mason University's Center for History and New Media (CHNM) said on Monday that it has released thousands of items of previously unavailable historical content through its September 11 Digital Archive. [more..]

Princeton, N.J. - U.S. mobile search advertising revenues are expected to increase at a compound annual growth rate of 112%, rising from $33.2 million this year to $1.4 billion in 2012, according to a report from market research firm The Kelsey Group. [more..]

London - WPP Digital, a U.K.-based provider of online advertising services, announced on Monday that it has acquired Schematic, a Los Angeles-based interactive design company, for an undisclosed sum. [more..]

San Diego - Active Network, a provider of online communities centered on healthy lifestyles, as well as technology and marketing services to community organizations, has raised $65.6 million in its fifth round of venture capital financing, VentureWire reported. [more..]

Bethesda, Md. - Kajeet, the provider of a pay-as-you-go mobile network for kids and their parents, has raised $36.8 million in its second round of financing, led by Draper Fisher Jurvetson Growth Fund, VentureWire reported. [more..]

Millbrae, Calif. - Power Reviews, an operator of product reviews websites for corporate clients, has raised $15 million in a new round of financing, led by Lehman Brothers Venture Partners, VentureBeat reported. [more..]

Los Angeles - Platinum Studios, the owner and rightsholder to an independent library of comic book characters, announced on Monday that it has raised $5 million in a new round of equity financing, and has filed with the SEC for an initial public offering of shares. [more..]

New York - Fantasy Sports Ventures (FSV), which operates a network of over 70 fantasy sports websites, announced on Monday that it has acquired TheHuddle.com, a ten-year-old fantasy football content site. [more..]

Boston - ScanScout, a provider of video advertising technology for media and entertainment companies, announced on Monday that it has raised an investment of undisclosed amount from Time Warner. [more..]

Chicago - OnSite Network, the provider of a digital ad and programming network placed in sports bars and restaurants, said on Monday that it has raised over $5 million through a private placement of its shares. [more..]

Senator Obama isn't afraid of Web 2.0 tools like Facebook and YouTube, and now he's established a profile on LinkedIn as well. [more..]

Britney Spears' come-back at MTV's Video Music Awards yesterday was not exactly the vitamin shot MTV and the troubled music biz was hoping for, but rather the opposite, blogs Jay Baage.
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Nu-ravers Klaxons were the surprise winners of the British Mercury Music Prize this week, but Amt Winehouse is getting the most attention on the Internet, writes Robin Goad of Hitwise UK. [more..]

I'm going to be out there to win, but I promise you no one is going to be having a better time than me, writes Mark Cuban regarding his dayjob as a media executive and owner of the Dallas Mavericks NBA basketball team and competing in ballroom dancing on ABC's show "Dancing with the Stars."
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San Francisco - iPhoneSIMFree.com has begun shipping its software application that allows iPhone owners to unlock the device for use on networks other than AT&T. [more..]

New York - Producers of The Webby Awards, the eleven-years-running event that recognizes the best websites in dozens of categories, announced on Monday plans to host its first industry conference, WebbyConnect, in Laguna Beach, Calif. on Oct. 3-5. [more..]

London - U.K.-based digital music store 7digital said on Monday that it will be first retailer in the U.K. to offer seminal rock band Pink Floyd's entire back catalog as 320 Kbps, DRM-free MP3 files, and the first to offer the group's full catalog. [more..]

New York - Ratings provider The Nielsen Company on Monday launched a new service that will let its clients know whether their commercials ran the previous day, rather than waiting weeks for a report on commercial ratings. [more..]

Milpitas, Calif. - SanDisk, a maker of storage media products and MP3 players, on Monday introduced the Sansa View, a new flash memory-based video MP3 player intended to compete with Apple's new iPod nano with video. [more..]

Sausalito, Calif. - Crackle, a video entertainment site from Sony Pictures Entertainment (formerly known as Grouper), on Monday announced the launch of Moving Targets, a new channel that will focus on sketch comedy, digital shorts and animation. [more..]

Seattle - RealNetworks and Warner Bros. Digital Distribution on Monday announced the debut of "On Set, On Edge," a 20-episode original online reality series that follows filmmaker Vanessa Parise ("Kiss the Bride") during the production of her second film, "Jack and Jill vs. The World." [more..]

Los Angeles - Vuguru, the media firm founded by former Disney head Michael Eisner, has signed deals to expand distribution of the spinoff to its original online series "Prom Queen" to a range of new video-sharing sites, Variety reported. [more..]

New York - Narrowstep, a provider of Internet TV delivery technology, said on Monday that producer and writer Tyler Perry ("Diary of a Mad Black Woman") will use its services to launch an online TV channel featuring his own content. [more..]

Raleigh, N.C. - ICO Global Communications, a Virginia-based provider of satellite communications services, said on Monday that it will team with Kirkland, Wash.-based broadband firm Clearwire to launch one of the industry's first mobile video trials. [more..]

New York - Take-Two Interactive on Monday announced the formation of a new casual games publishing label, 2K Play. [more..]

Agoura Hills, Calif. - Video game publisher THQ on Monday shipped "Drawn to Life," the first Nintendo DS title that lets payers draw and play as their own hero, to retailers. [more..]