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DMW Daily, May 7, 2008

Top Stories
o "Grand Theft Auto IV" First Week Sales: $500 Million, 6M Units
o Sprint Nextel, Clearwire Form $14.5 Billion WiMax Company
o Judge Orders TorrentSpy to Pay MPAA $110 Million in Damages
o Qtrax Licenses Universal Music Group for Legal P2P Service
o Web-based Ad Agency Spot Runner Gets $51 Million
o "Intellectual" Video Site FORA.tv Lands $4 Million
o Mobile Entertainment Distributor PlayPhone Merges with Pitch
o Personalized Content Search Firm Jinni Raises $1 Million
Briefly Noted
o eMusic Removes Early Rolling Stones Albums, ABKCO Catalog
o Free Music Label Debuts at WeLoveFreeMusic.com
o Social News Service Mixx Forges Partnership with CNN
 Top Stories
o "Grand Theft Auto IV" First Week Sales: $500 Million, 6M Units 
New York - Take-Two Interactive announced on Wednesday that its "Grand Theft Auto IV" broke all-time day one and week one sales records, posting 3.6 million global unit sales on April 29, with a retail value of $310 million, and 6 million in sales for its first week, with an estimated retail value of more than $500 million. [more..]
o Sprint Nextel, Clearwire Form $14.5 Billion WiMax Company 
Reston, Va. - Following months of negotiations, Sprint Nextel said on Wednesday that it will combine its WiMax business with that of Clearwire. [more..]
o Judge Orders TorrentSpy to Pay MPAA $110 Million in Damages 
Los Angeles - TorrentSpy, a BitTorrent tracker site that lost a copyright infringement suit filed by the Motion Picture Association of America (MPAA) last year, has been ordered by a federal judge to pay a massive $110 million in damages. [more..]
o Qtrax Licenses Universal Music Group for Legal P2P Service 
San Jose, Calif. - Qtrax, the developer of a free, ad-supported music download service, has reached a deal to license Universal Music Group's catalog, the company's first major label signing. [more..]
o Web-based Ad Agency Spot Runner Gets $51 Million 
Los Angeles - Spot Runner, a Web-based advertising service that helps local businesses create ads and place them on TV and radio, announced on Wednesday that it has raised $51 million in new financing. [more..]
o "Intellectual" Video Site FORA.tv Lands $4 Million 
San Francisco - FORA.tv, a video site that specializes in political and cultural content, has raised $4 million in its first round of funding, from Adobe Ventures, William Randolph Hearst III and others, Beet.TV reported. [more..]
o Mobile Entertainment Distributor PlayPhone Merges with Pitch 
San Jose, Calif. - PlayPhone, a mobile entertainment content distributor, announced on Wednesday that it has merged with U.K.-based Pitch Entertainment Group. [more..]
o Personalized Content Search Firm Jinni Raises $1 Million 
Herzliya, Israel - Jinni, a developer of personalized content search and discovery technology, has raised a $1 million first round of financing from Start-Up Factory, Globes Online reported. [more..]
 Briefly Noted
o eMusic Removes Early Rolling Stones Albums, ABKCO Catalog 
New York - Digital music service eMusic has been forced to remove early Rolling Stones albums and other repertoire from ABKCO Records it has been offering since early April, due to legal issues, Hypebot reported. [more..]
o Free Music Label Debuts at WeLoveFreeMusic.com 
New York - Former hedge fund operator turned music manager Steven Nowack has launched SOS Records, a record label that promises to offer all of its music as free MP3s at WeLoveFreeMusic.com. [more..]
o Social News Service Mixx Forges Partnership with CNN 
McLean, Va. - Mixx, an online social news start-up that allows users to submit news stories, vote on their favorites and view the most popular on the site's front page, said on Wednesday that it has forged a key partnership with CNN. [more..]