DMW Daily, October 1, 2008New York
- In a statement filed with the Copyright Royalty Board (CRB) last year, Apple
threatened to shut down its iTunes Store should the board increase in the
royalty rates that would make the Web store unprofitable -- a move the board
may make tomorrow, Fortune reported.
[more..]
Los Angeles - Five of Hollywood's major movie studios on Wednesday pledged to
support a $1 billion effort to equip 20,000 U.S. movie theater screens with
digital cinema projection systems.
[more..]
Washington
- A bill approved by the Senate last week that would have protected the new
uses of "orphaned" copyright works will not be taken up in the House
until at least after the elections, Wired.com reported, citing lobbyists.
[more..]
Grapevine, Texas - Video game retail store chain GameStop
announced on Wednesday that it has acquired French game retail chain Micromania
from private equity fund L Capital for $700 million.
[more..]
Arlington,
Va. - Exits by venture-backed
companies continued their drought during the third quarter, according to new
data by Thomson Reuters and the National Venture Capital Association (NVCA).
[more..]
Palo Alto,
Calif. - Gigya, a provider of
widget distribution services, announced on Wednesday that it has closed an $11
million third round of financing, led by DAG Ventures.
[more..]
Chicago
- OneSeason.com on Wednesday launched its new Web-based sports stock market, developed
with $250,000 in seed funding from investor Phil Drayer, Reuters reported.
[more..]
Los Gatos,
Calif. - Online DVD rental
service Netflix announced on Wednesday that it has signed a deal with Liberty
Media's Starz Entertainment, that will bring movies from its Starz Play
broadband subscription movie service to Netflix's instant online streaming
service.
[more..]
Cupertino,
Calif. - Apple on Wednesday
announced it is dropping the non-disclosure agreement (NDA) it had been making
iPhone developers sign for released iPhone software.
[more..]
New York - David Pakman, the CEO of digital music service
eMusic who announced earlier this week he would step down and take a position
at an unnamed venture capital firm, said in a blog post today that he will be joining
Venrock as a partner.
[more..]
San Francisco
- Slide, a publisher of social media applications that include photo slideshows
and "FunSpace" and "Top Friends" on Facebook, plans
tomorrow to introduce a new application that lets users embed clips of TV shows
on social media sites, The Wall Street Journal reported.
[more..]
Hollywood - Buzznet, a social network and publisher of music-focused
websites that includes Stereogum, Absolute Punk, Idolator, Vampire Freaks, FOE
and The Gauntlet, announced on Wednesday that it has hired former New York
Times music reporter Jeff Leeds as its new editor-in-chief.
[more..]
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