AllThingsD reports that DreamWorks Animation is near to a deal to purchase AwesomenessTV, a YouTube network targeted at teens and kids, according to people familiar with the proposed transaction. Awesomeness has almost 500,000 subscribers and generated over 80 million video views last month. . Read More
TechCrunch reports that Soundrop, the social and interactive listening room music program that first launched as an app on Spotify, has launched a new web version. Currently in beta, the new version allows users to take advantage of existing listening rooms based on artists, genres and moods, using Spotify for the audio component and YouTube for the video. . Read More
Reuters reports that Google's competitors will get the opportunity to comment on the concessions suggested by Google and needed to complete an EU antitrust investigation, which could force Google to improve its offer. . Read More
Gengo, an online translation service, has raised $12 million in a funding round, led by Intel Capital, with participation from Iris Capital, Singapore-based Infocomm, NTT-IP and Saudi Telecom Ventures, and returning investor Atomico. . Read More
TechCrunch reports that the recently announced open source music service today has changed its name from Napster.fm to Peer.fm to steer clear of legal issues in light of Rhapsody's ownership of the Napster brand which it acquired from BestBuy in . Read More
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AllThingsD reports that YouTube has won another copyright case against Viacom, marking the second time the U.S. District Judge Louis Stanton has favored YouTube’s side in the case, accepting that the streaming video provider was protected by “safe harbor” provisions of the Digital Millennium Copyright Act. . Read More
DMW's LA Games Conference announces its agenda and speakers for the 7th Annual event that keeps raising the bar for what a high end executive event can be. The two-day event features 11 panels, 3 keynotes, 3 roundtables and 3 presentations as well as exhibits, demos and networking within the historic Hollywood Roosevelt Hotel. . Read More
