DMW Daily, January 5, 2009Cupertino,
Calif. - Hoping to deflect further
questions about his health, Apple CEO Steve Jobs on Monday issued a statement
addressing his continuing weight loss over the past several months.
[more..]
London - Japan's Sony is set for a restructuring that will
see the closure of some of its electronics factories in Japan, and "sacred
cow-slaying" measures that company sources told U.K.'s The Times they
believe will "abolish or fundamentally alter many of Sony's
long-established business practices."
[more..]
White Plains, N.Y. - While overall U.S. music unit sales,
which includes songs, albums, vinyl, music videos and ringtones, climbed 10.5%
to 1.5 billion in 2008, total album sales -- including 10-song digital track
groupings -- fell 8.5% to 428.4 million, according to a report from Nielsen
SoundScan.
[more..]
Beijing - The Chinese government has launched a campaign to
"clean up a vulgar current on the Internet" that targets 19
companies, including search leaders Baidu and Google, Reuters reported, citing
a report on the official news site China.com.cn.
[more..]
Washington - The subsidy program offering coupons to
Americans to help pay for converter boxes that ensure their televisions will
continue to work after the digital TV transition next month is about to run out
of funds, the Associated Press reported.
[more..]
New York - Shortly after its announcement that it would end
its five-year lawsuit campaign against individual file-swappers, comes news
that the Recording Industry Association of America (RIAA) has severed ties with
MediaSentry, a company it had used to track file-sharing and gather evidence of
illegal downloads for its lawsuits, the Wall Street Journal reported.
[more..]
Redmond,
Wash. - Microsoft's 30GB Zune
digital music player experienced a "leap year bug" that caused the
device to freeze and become unusable, prompting the company to post a fix on
the Zune website that suggests users let the battery drain completely before
rebooting the device.
[more..]
Los Angeles - Online social
network Facebook has filed a lawsuit against Brazil's Power.com, a service that
lets users access a range of social networking sites directly from Power.com,
according to published reports.
[more..]
Brookline, Mass.
- Virtual worlds developer Worlds.com on Monday announced that it has filed a patent
infringement lawsuit against video game developer NCsoft, whose multiplayer online
titles include "City of Heroes"
and "Guild Wars."
[more..]
San Francisco
- The Wikimedia Foundation has announced that it surpassed its $6 million fundraising
goal to sustain the Wikipedia online encyclopedia.
[more..]
New York - Herman Blackbook, a New York-based consulting
firm, has announced the launch of its New Platforms Fund, which will provide small
amounts of funding for developers of applications for platforms including
Twitter, iPhone, Boxee and AppNexus.
[more..]
Fleet, England - Mirics Semiconductor, a developer of chips
that aim to bring "nomadic global broadcast reception to portable and PC
platforms, announced on Monday that it has raised $7 million in third round of
funding.
[more..]
Palo Alto,
Calif. - Superfish, a start-up
developing a visual search engine, has raised $5.3 million in its second round
of financing, PEHub.com reported, citing a regulatory filing.
[more..]
Waltham, Mass.
- Three telecom industry executives have launched a new communications industry
investment firm called Genovation Capital, based in Waltham, Mass., which will focus on early-stage
businesses.
[more..]
San Francisco - With no
initial public offerings (IPOs) and just $3.9 billion generated through
venture-backed mergers and acquisitions during the fourth quarter, 2008 was the
worst year in terms of liquidity for U.S. venture capitalists since the
post-tech-bust doldrums of 2003, according to a new report from Dow Jones
VentureSource.
[more..]
Ann Arbor,
Mich. - Media retail chain
Borders on Monday announced that it has named Ron Marshall as its new president
and CEO, replacing George Jones.
[more..]
Englewood Cliffs, N.J. - Korea's LG Electronics on Monday
announced that its new line of broadband-ready HDTVs will be able to instantly
stream movies from online DVD rental service Netflix.
[more..]
Seattle
- Amazon.com on Monday that it plans to make downloads from its Amazon Video on
Demand service accessible on the Roku Digital Video Player.
[more..]
Los Angeles
- DreamWorks Animation plans to give out some 150 million pairs of 3D glasses
for a 3D Super Bowl telecast ad promoting its upcoming animated feature,
"Monsters vs. Aliens," the Associated Press reported.
[more..]
San Francisco
- Dolby Laboratories is in talks with content providers on integrating its
digital 3D technology into Blu-ray movies and video games, Reuters reports.
[more..]
Los Angeles
- Universal Music Group has partnered with fitness personality Jake Steinfeld
("Body by Jake") to launch what it says is the first "digital
fitness music label."
[more..]
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