DMW Daily, March 17, 2009

 Top Stories
Port Washington, N.Y. - While 17 million fewer U.S. consumers purchased CDs in 2008 compared to the prior year, the number paying for digital music was up by 8 million, to 36 million Internet users, according to a report from market research firm NPD Group. [more..]
Cupertino, Calif. - Apple on Tuesday provided a sneak-peek at the upgrades coming this summer in the iPhone 3.0 software release, which will bring long-desired features like copy-and-paste of text, MMS multimedia messaging, and a search function that works across all applications. [more..]
Espoo, Finland - Nokia announced on Tuesday that it will cut 1,700 jobs worldwide in the coming months, in a bid to "increase cost-efficiency and adapt to the market situation." [more..]
Silver Spring, Md. - Discovery Communications, the owner of cable TV networks including Discovery Channel and Animal Planet, announced on Tuesday that it has filed a patent infringement suit against Amazon.com over its Kindle e-book reader device. [more..]
San Mateo, Calif. - Gazillion Entertainment, a new multiplayer game publisher with venture capital backing, announced on Tuesday that it has signed a multi-year agreement with Marvel Enterprises, to develop massively multiplayer online games based on comic superheroes like Iron Man, Wolverine and Captain America. [more..]
Mountain View, Calif. - Y Combinator, a provider of seed funding for start-up companies, announced on Tuesday that it has raised $2 million in new funding from Sequoia Capital and angel investors, and will increase the number of companies it funds annually from 40 to 60. [more..]
San Mateo, Calif. - Apture, a developer of technology that enhances user communication for publishers and bloggers through in-text media links, announced on Tuesday that it has raised $4.1 million in its first round of funding, led by Clearstone Venture Partners. [more..]
Vancouver, Canada - TeamPages, an online social network for student and amateur sports, announced on Tuesday that it has raised an undisclosed amount of second round funding, from investors including Burda Digital Ventures, W Media Ventures, and local angel investors including former Class Software Solutions CEO Ralph Turfus. [more..]
 Opinion & Analysis
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 Briefly Noted
Seattle - News Corp.'s Fox Atomic has struck a deal to turn Zombie Studios' original futuristic military action epic "Blacklight" into a feature film, comic book series and video game. [more..]
Austin, Texas - Social entertainment firm Conduit Labs on Tuesday announced the launch of Loudcrowd, a new community site for music fans that includes a range of music-themed online games. [more..]
London - U.K. digital music retailer 7digital said on Tuesday that it has integrated its service with the Songbird open-source desktop music player. [more..]
Kirkland, Wash. - 1Cast, a video distribution service that offers up-to-the-minute news video to subscribers' smartphones and the Web, said on Tuesday that CNBC, The Wall Street Journal Digital Network, Reuters and AFP are among partners distributing content on its service. [more..]