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Social NetworkingMySpace to Acquire imeem Music Streaming ServiceAuthored by Mark Hefflinger on November 19, 2009 - 9:29am.
 Los Angeles
- News Corp.'s (NYSE: NWS) MySpace has agreed to acquire streaming music service imeem for
an undisclosed sum, although sources told CNET News.com that the deal is valued
at about $8 million. The deal reportedly includes a payment of $1 million in
cash, as well as earn outs and accounts receivable.
Report: MySpace in Talks to Acquire Music Streamer imeemAuthored by Mark Hefflinger on November 17, 2009 - 8:23am.
Los Angeles
- News Corp.'s (NYSE: NWS) MySpace online social network is in "late stage
negotiations" to acquire the music streaming service imeem, TechCrunch
reported, citing multiple unnamed sources. Founded in 2003, San Francisco-based
imeem started off as a music-focused social network application, but later shifted
focus to concentrate on music streaming.
Report: Video Viewing on Social Media Sites Doubles in YearAuthored by Mark Hefflinger on November 20, 2009 - 9:56am.
New York - Internet users now spend nearly double the amount
of time watching videos on social networking sites than they did just one year
ago, according to newly released figures from Nielsen.
MySpace Debuts Music ChartsAuthored by Mark Hefflinger on November 19, 2009 - 11:54am.
Los Angeles
- News Corp.'s (NYSE: NWS) MySpace on Thursday introduced its own MySpace Music Charts,
which will provide data on the most popular music amongst MySpace Music users.
The charts will run across all genres, and include real-time data on current
trends.
Adknowledge Buys Ad Network Unit of SocialMedia.comAuthored by Mark Hefflinger on November 19, 2009 - 9:59am.
Kansas City,
Mo. - Adknowledge, a provider of
behavioral online advertising services, announced on Thursday that it has
acquired the advertising business of SocialMedia.com.
tags: Games | Deals | Advertising | Social Networking | Acquisitions | Adknowledge | SocialMedia.com |
Facebook Alters Privacy PolicyAuthored by Mark Hefflinger on November 18, 2009 - 1:24pm.
Palo Alto,
Calif. - Facebook has instituted
a new privacy policy, following a comment period during which some 7,000 of the
service's 300 million users provided feedback on the proposed changes. The company
simplified the language of the policy, and plans to add definitions of key
terms, screen shots of important pages, and informational "learn
more" videos.
Xbox 360, PlayStation 3 Get Facebook, Social Media IntegrationAuthored by Mark Hefflinger on November 18, 2009 - 12:47pm.
Foster City,
Calif. - A day after Microsoft (NASD: MSFT)
introduced Xbox 360 integration with social media services including Facebook,
Twitter and Last.fm, Sony (NYSE: SNE) Computer Entertainment America announced its own
integration of Facebook on the PlayStation 3 platform.
tags: Games | Social Networking | Sony | Microsoft | Facebook | Xbox 360 | PlayStation 3 | last.fm | Twitter |
Burda Digital Buys 25% Stake in Business Social Network XingAuthored by Mark Hefflinger on November 18, 2009 - 10:58am.
Hamburg,
Germany - European
media group Hubert Burda Media's Burda Digital unit on Wednesday announced that
it has acquired a 25% stake in business-focused online social network Xing.
LimeLife Raises $1 Million for Women's Lifestyle SiteAuthored by Mark Hefflinger on November 18, 2009 - 9:52am.
Menlo Park,
Calif. - LimeLife, a
women-focused community site offering news, entertainment and lifestyle content, has
raised $1 million in new venture capital financing, PaidContent reported,
citing a regulatory filing.
Social Network Application Developer RockYou Gets $50 MillionAuthored by Mark Hefflinger on November 17, 2009 - 7:34am.
San Mateo,
Calif. - RockYou, a developer of
social network applications and advertising technology, has raised $50 million
in its fourth round of venture capital financing from existing investor
Softbank, TechCrunch reported.
Zynga Raises $15.1 Million for Casual Social GamesAuthored by Mark Hefflinger on November 17, 2009 - 7:25am.
San Francisco
- Zynga, a publisher of casual games on social networks, has raised $15.1
million in a third round of funding, PEHub.com reported, citing a regulatory
filing. Investors include Kleiner Perkins Caufield and Byers, Foundry Group and
Reid Hoffman.
tags: Games | Deals | VC | Social Networking | Kleiner Perkins Caufield & Byers | Zynga | Foundry Group | Reid Hoffman |
Social Games Firm Playdom Acquires Green Patch, Trippert LabsAuthored by Mark Hefflinger on November 13, 2009 - 9:02am.
Mountain View,
Calif. - A day after it raised
$43 million in new financing, social games developer Playdom announced that it
has acquired Facebook game developer Green Patch, and iPhone and social game
developer Trippert Labs.
Berlin's Wooga Lands $7.5 Million for Social GamesAuthored by Mark Hefflinger on November 12, 2009 - 8:11am.
Berlin
- Wooga, a Berlin-based developer of games for online social networks, announced
on Thursday that it has raised $7.5 million in new financing, led by Balderton
Capital.
Playdom Raises $43 Million for Social Online GamesAuthored by Mark Hefflinger on November 11, 2009 - 1:35pm.
Mountain View,
Calif. - Playdom, a developer of
online games for social networks whose titles include "Mobsters," has
raised a $43 million first round of funding, led by New Enterprise Associates, TechCrunch
reported.
tags: Games | Deals | VC | Social Networking | Norwest Venture Partners | New Enterprise Associates | Lightspeed Venture Partners | Playdom |
LinkedIn, Twitter Enable Cross-Posting of Status UpdatesAuthored by Mark Hefflinger on November 10, 2009 - 11:34am.
San Francisco
- Business-focused social network LinkedIn has partnered with Twitter, to
enable users to cross-post their status updates between the two services. On
LinkedIn, a new check-box being added to the Network Updates field will let
users automatically post their LinkedIn updates to Twitter, while users will
need to alter their Twitter account settings in order to post their updates to
LinkedIn.
Universal to Debut New Interactive Blu-ray FeaturesAuthored by Mark Hefflinger on November 10, 2009 - 11:33am.
Universal City,
Calif. - Universal Studios Home
Entertainment announced on Tuesday that several of its upcoming Blu-ray releases
will include new interactive features, including social networking and mobile
applications for the iPhone. The pocket BLU app connects a user's iPhone via
Wi-Fi to a network-connected Blu-ray player, and can become an advanced remote
control; provide a video timeline; function as a keyboard for Blu-ray chat and
messaging; and unlock exclusive mobile bonus content. The social BLU technology
will allow users to send Facebook and Twitter status updates from their Blu-ray
player, and in the future let users share film-related user-generated content. The
new features will be available on forthcoming Blu-ray editions of films
including "Bruno," "Funny People" and "Inglorious
Basterds."
Electronic Arts Buys Social Games Firm Playfish for $400MAuthored by Mark Hefflinger on November 9, 2009 - 8:41am.
 Redwood City,
Calif. - Video game developer and
publisher Electronic Arts (NASD: ERTS) announced on Monday that it has acquired Playfish, a
creator of social network games, for about $275 million in cash, with an
additional $25 million in equity retention arrangements. The sellers are also
entitled to another $100 million in performance-based consideration on
milestones achieved through the end of 2011. Founded in 2007, London-based
Playfish's social network games, which include "Pet Society" and
"Who Has the Biggest Brain," have been installed more than 150
million times.
Korean Social Network Cyworld to Shutter U.S. ServiceAuthored by Mark Hefflinger on November 6, 2009 - 9:42am.
Los Angeles - Cyworld, a
Korea-based online social network owned by SK Telecom, has decided to shutter
its U.S.
service three years after launch, having failed to attract a large audience.
Drop in MySpace Traffic to Cut $100M Off Google Ad DealAuthored by Mark Hefflinger on November 5, 2009 - 1:00pm.
New York
- News Corp.'s (NYSE: NWS) MySpace may lose out on at least $100 million of the $900
million it was contracted to receive from a search advertising agreement with
Google (NASD: GOOG), due to lackluster traffic to the website, the Financial Times reported.
Offerpal Names New CEO in Wake of "Scam" AllegationsAuthored by Mark Hefflinger on November 5, 2009 - 11:46am.
Fremont,
Calif. - Offerpal Media, a
provider of monetization services for online game and social application
developers, announced that it has replaced its CEO, after a controversy erupted
over the past week concerning whether some of its practices qualify as
"scams."
tags: Games | Marketing | Advertising | Social Networking | MySpace | Moves | Offerpal Media | Anu Shukla | George Garrick |
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