DMW Daily, October 29, 2007

 Top Stories
Los Angeles - News Corp. and NBC Universal on Monday announced a private beta launch of Hulu, their video distribution joint venture that offers streaming programming on a free, ad-supported basis. [more..]
Los Angeles - A federal judge last week ordered that a court-appointed expert be put in place to determine the best means for StreamCast Networks, operator of the Morpheus file-sharing service, to block unauthorized downloads on its network. [more..]
Tokyo - Sony expects losses for the current fiscal year at its video game unit, Sony Computer Entertainment, will exceed $876 million -- more than double what the company had initially forecast, Reuters reported. [more..]
Hong Kong - Chinese e-commerce portal Alibaba.com has raised $1.5 billion in its initial public offering (IPO) over the weekend, The Wall Street Journal reported. [more..]
New York - Viacom's MTV Networks announced on Monday that it has partnered with Gracenote to incorporate music lyrics into its on-air, online and mobile platforms. [more..]
McLean, Va. - Gannett, the publisher of USA Today and 84 other daily newspapers, said on Monday that it has formed a joint venture with Chicago-based Tribune Interactive to expand a national network of local entertainment websites under the Metromix brand. [more..]
Los Angeles - Walgreens, the nation's largest drug store chain with 6,000 stores, plans to add DVD-burning kiosks to its offering next year, Reuters reported. [more..]
London - Skinkers, a developer of branded desktop applications, such as news readers, has raised $16 million in its second round of venture capital financing, led by Acacia Capital Partners. [more..]
Cardiff by the Sea, Calif. - Imagine Communications, the developer of a personalized TV platform for broadband operators, has raised $15 million in its second round of funding, led by Court Square Ventures, Israel's Globes Online reported. [more..]
Atlanta - Vitrue, a developer of social media video platforms for companies, announced on Monday that it has raised $10 million in its second round of venture capital financing, led by Dace Ventures. [more..]
Los Angeles - The Hyperfactory, a mobile marketing agency, announced on Monday that it has raised an undisclosed sum of new funding, from investors including Rich Frank, former chairman of talent agency The Firm; Paul Frank, head of Firm TV; and two executives from 42 Below vodka. [more..]
Waltham, Mass. - EveryScape, a developer of interactive, local search using 3D mapping and digital photography, on Monday announced the launch of "The Real World Online," which allows users to explore recreations of cities created using stitched-together digital photos. [more..]
 Opinion & Analysis
There’s a comfortable familiarity to Hulu, because it’s really no different than watching TV.  You have sitcoms and dramas, full length movies like Sideways (with “limited commercial interruption”) and Weekend at Bernie’s, late night talk shows and sports. [more..]
It's that time of year again, Dancing with the Stars (Season 5) is in full swing, which means it's time to take a look at the latest search term data to gauge contestant popularity and viewer mindset, blogs Bill Tancer.
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Youtube has a huge problem and they have dug a hole so deep they are never going to be able to fix it unless they change their approach to copyright, blogs Mark Cuban.
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Brooklyn assemblyman Hakeem Jeffries is demanding that the New York Comptroller withdraw an $84 million state pension fund invested in Universal Music Group and parent company Vivendi unless rap star Nas changes the title of his new album, Nigger, according to Rolling Stone. 

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 Briefly Noted
New York - At least one major record label that partnered with Starbucks and other retailers to sell iTunes digital album download cards is happy with initial sales of the product, as Sony BMG said 6% (5,720 units) of all copies of Eddie Vedder's soundtrack to "Into the Wild" sold thus far were digital cards, Billboard reported. [more..]
San Francisco - Coders with The Pirate Bay, the notorious Sweden-based file-sharing network, are now at work developing a new service based on OiNK, the private file-sharing hub that was shut down last week by British and Dutch police, TorrentFreak.com reported. [more..]
San Francisco - Next month, The Who plan to launch a subscription service for their fans that will charge $50 a year for access to band blogs and message boards, all music videos, an exclusive 2-CD live album, advance ticket sales, and a 25% discount on other Who merchandise, Wired reported, citing an article in Harp Magazine. [more..]
San Francisco - Music-focused online social network imeem announced on Monday that it has signed a licensing deal with major label EMI Music, which will give users free, on-demand access to EMI's music and videos. [more..]
Espoo, Finland - Nokia recently launched a mobile service in Asia that allows mobile users to download free MP3 tracks from independent artists, CNET's Crave blog reported. [more..]
Bellevue, Wash. - SinglePoint, a provider of mobile and interactive TV marketing services, announced on Monday that it has partnered with NBC Universal to manage multiple media campaigns for NBC Universal properties. [more..]