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DMW Daily, May 28, 2009

Top Stories
o Time Warner to Spin Off AOL into Standalone Company
o Google to Introduce "Wave" Web Communication Platform
o Lionsgate Sells 49% Stake in TV Guide for $123 Million
o NYT: Labels Offering Better Licensing Terms for Start-ups
o Microsoft: 30M Xbox 360s Sold; 20M Xbox Live Members
o Best Buy, Velocity Interactive Team on Digital Media Fund
o EFF Launches "Teaching Copyright" Curriculum, Website
o High-Quality Download Seller HDGiants Files for Bankruptcy
Briefly Noted
o Microsoft Introduces New "Bing" Search Engine
o Google Bans Music Uploads on Korean Blogging Service
o Blog Network GigaOM Debuts $79 Subscription Service
o Muzu Signs Fourth Major Warner to Music Video Site
o Sirius XM to Charge Same Satellite Fee for iPhone Application
 Top Stories
o Time Warner to Spin Off AOL into Standalone Company 
New York - Marking what may be the final chapter in a business relationship that never delivered on its initial promise, media giant Time Warner announced on Thursday that it will spin off AOL into an independent, publicly traded company. [more..]
o Google to Introduce "Wave" Web Communication Platform 
Mountain View, Calif. - Google on Wednesday introduced a forthcoming service, Google Wave, that aims to combine email, chat, and content-sharing in a single interface. [more..]
o Lionsgate Sells 49% Stake in TV Guide for $123 Million 
Santa Monica, Calif. - Film studio Lionsgate announced on Thursday that it has sold a 49% stake in it TV Guide Network and TVGuide.com business to One Equity Partners, the private equity investment arm of JPMorgan Chase, for $123 million. [more..]
o NYT: Labels Offering Better Licensing Terms for Start-ups 
New York - The four major record labels are beginning to cut "friendlier" deals with digital music start-ups, in the face of declining CD sales and a new generation of listeners who primarily look to the Internet to discover new music, The New York Times reported. [more..]
o Microsoft: 30M Xbox 360s Sold; 20M Xbox Live Members 
Redmond, Wash. - Microsoft announced on Thursday that worldwide sales of its Xbox 360 video game console have now topped 30 million units, up 28% from the same point last year. [more..]
o Best Buy, Velocity Interactive Team on Digital Media Fund 
Los Angeles - Electronics and media retail store chain Best Buy announced on Thursday that it has partnered with venture capital firm Velocity Interactive Group to form a new digital media fund, which will invest in companies involved in digital music, video, games and personal media management. [more..]
o EFF Launches "Teaching Copyright" Curriculum, Website 
San Francisco - The Electronic Frontier Foundation (EFF), a digital civil liberties advocacy group, on Thursday launched a new "Teaching Copyright" curriculum and website. [more..]
o High-Quality Download Seller HDGiants Files for Bankruptcy 
Incline Village, Nev. - HDGiants, an online retailer of high-quality HD downloads of music and video content delivered directly to home entertainment systems, has filed for Ch. 11 bankruptcy protections in the state of Nevada. [more..]
 Briefly Noted
o Microsoft Introduces New "Bing" Search Engine 
San Diego - Microsoft on Thursday introduced Bing, its forthcoming revamped search engine that aims to provide a wider array of search results, and is slated for worldwide release by June 3. [more..]
o Google Bans Music Uploads on Korean Blogging Service 
Seoul - Google has prohibited users of Textcube, its Korean blogging service, from uploading songs to their blogs in the wake of new regulations against online piracy, the Korea Times reported. [more..]
o Blog Network GigaOM Debuts $79 Subscription Service 
Los Angeles - GigaOM, a technology news blog network, on Thursday announced a new $79 per year subscription service, which will provide "unlimited access to research reports and curation by research analysts and reporters, as well as longer essays on topics we GigaOM Network writers feel are particularly interesting," NewTeeVee reports. [more..]
o Muzu Signs Fourth Major Warner to Music Video Site 
Dublin, Ireland - Music video website Muzu now claims licenses from all four major record labels, with the signing of a new deal with Warner Music UK. [more..]
o Sirius XM to Charge Same Satellite Fee for iPhone Application 
New York - Satellite radio firm Sirius XM plans to release an iPhone application that will require users to pay the full $12.95 per month subscription fee for its regular satellite-based service in return for iPhone access, VentureBeat reported. [more..]