SellGoogle to Sell More Than $2 Billion in StockAuthored by Mark Hefflinger on March 30, 2006 - 9:16am.
Mountain View, Calif. - Shares of Google fell nearly 2% on Thursday after the Internet search giant announced plans to sell 5.3 million shares of its stock worth more than $2 billion. The company said that the move will partially meet the anticipated needs of index funds to purchase its stock when Google is added to the S&P 500 Index at the close of trading on Friday. Google is replacing oil and gas producer Burlington Resources in the index.
NBC to Sell Episodes of Disney/Touchstone's "Scrubs" on iTunesAuthored by Mark Hefflinger on March 30, 2006 - 9:07am.
Los Angeles - NBC said on Thursday that it will make its primetime TV series "Scrubs," which is produced by rival Disney's Touchstone Television, available for purchase and download for $1.99 per episode on Apple's iTunes Store, Reuters reported. The deal marks the first time a series produced outside of the network it airs on has been offered on iTunes, which now counts a TV catalog of some 60 shows. Daily Variety reported earlier this month that NBC and Touchstone were near a deal for "Scrubs" that would see them split download profits 50-50.
First Panasonic Blu-ray Disc Player to Sell for $1,500 in SeptemberAuthored by Mark Hefflinger on March 28, 2006 - 10:30am.
New York - Panasonic, the U.S. arm of Japanese consumer electronics firm Matsushita, announced on Wednesday that it will begin selling its first Blu-ray Disc player in the U.S. in September. The company said its DMP-BD10 will sell for around $1,500.
U.K. and Ofcom Support Proposal to Sell Unused Broadcast SpectrumAuthored by Mark Hefflinger on March 27, 2006 - 11:50am.
London - The U.K. government and Ofcom, the U.K. telecommunications watchdog, have both endorsed a plan to allow parts of unwanted or unused spectrum to be auctioned in order to raise funds for the government. "The government agrees with the audit that there is scope for more effective use of public sector spectrum through the introduction of spectrum trading and increased sharing with other users, and will work with Ofcom to enable this," the U.K. government said. The government insisted that it would ensure that enough spectrum is available for national security, defense and public services. The U.S. government hopes to raise billions of dollars when it auctions off spectrum freed by the transition to digital television broadcasting, now scheduled to take place on Feb. 17, 2009.
Instant Live to Sell Post-Concert CDs from Yo-Yo Ma TourAuthored by Mark Hefflinger on February 24, 2006 - 10:54am.
Los Angeles - Instant Live, a unit of concert promoter Live Nation, said on Friday that it will distribute live concert recordings for several dates on The Silk Road Project featuring Yo-Yo Ma Your. The company partnered with Sony Classical on the endeavor, which will offer concertgoers CDs of the performance for sale at the venue immediately after the show. Los Angeles-based Instant Live has also distributed live recordings from the Pixies, Bauhaus and the Black Crowes.
Sony to Sell Downloadable "SOCOM 3: U.S. Navy SEALs" PacksAuthored by Mark Hefflinger on February 21, 2006 - 6:17am.
Foster City, Calif. - Sony Computer Entertainment America announced on Tuesday that it plans to offer downloadable expansion packs for its "SOCOM 3: U.S. Navy SEALs" title for PlayStation 2. Beginning in March, players will be able to pay $5.99 to download a pack to a USB storage device, PlayStation 2 internal hard drive, or memory stick for PSP, which may then be added to the PlayStation 2 title. The Map Pack expansions were developed by Zipper Interactive, and produced by Sony's Foster City studio in association with the U.S. Naval Special Warfare Command.
NASCAR to Sell Race Highlights Videos on iTunesAuthored by Mark Hefflinger on February 17, 2006 - 7:11am.
Daytona Beach, Fla. - NASCAR announced on Friday that it has begun offering video highlights and behind-the-scenes coverage from NASCAR Nextel Cup Series races for purchase and download through Apple's iTunes Store. NASCAR will launch the offering with a $1.99 race review and other coverage of the Daytona 500 this weekend.
Former AOL Executive Pittman to Sell "Daily Candy" Internet CompanyAuthored by Mark Hefflinger on February 15, 2006 - 9:48am.
Dulles, Va. - Robert Pittman, a former top executive at America Online, stands to make tens of millions of dollars by selling off the Daily Candy, a network of 11 electronic newsletters focused on shopping and entertainment, The Wall Street Journal reported on Wednesday. Pittman, who resigned from AOL in 2002 following the company's merger with Time Warner, has reportedly put the Daily Candy on the auction block, and people familiar with the matter believe it could fetch more than $100 million. He purchased a majority stake in the company, which is aimed primarily at young women, for $3.5 million in 2003. The Daily Candy has 11 editions, including one in DC. It publishes daily recommendations on fashion, shopping, entertainment, and food. Pittman, the former right-hand man of AOL founder Steve Case, founded his investment firm, called Pilot Group, in 2003.
Sprint First Carrier to Sell One Million Cell Phone Song DownloadsAuthored by Mark Hefflinger on February 15, 2006 - 9:43am.
Reston, Va. - Wireless network operator Sprint announced on Wednesday that it has become the first mobile music service in the U.S. to sell one million over-the-air downloads of full-length tracks to its subscribers. The service, which launched in October 2005, offers a catalog of 320,000 songs for $2.50 each -- which includes one copy of the song for the phone and another for the PC. "The popularity of the Sprint Music Store is due largely to its ability to instantly deliver the songs people want when they want them on their Sprint phone, the one device that is likely always with them. This feature along with the easy-to-use storefront appeals to a mass audience in addition to tech-savvy early adopters," said Jeff Hallock, vice president of product marketing for Sprint.
Oasys Mobile to Sell Ringtones from The OrchardAuthored by Mark Hefflinger on February 14, 2006 - 10:11am.
Raleigh, N.C. - Mobile entertainment publisher Oasys Mobile (formerly Summus) announced on Tuesday a partnership with The Orchard, a digital distributor of independent label music. Under the deal, Oasys will distribute master recording "TrueTones" ringtones from Orchard artists, including an initial catalog of 10,000 TrueTones.
Oasys Mobile to Sell Valentino Production Music/SFX RingtonesAuthored by Mark Hefflinger on February 8, 2006 - 3:59am.
Raleigh, N.C. - Wireless entertainment publisher Oasys Mobile (formerly Summus) announced on Wednesday that it signed an agreement with Valentino, the provider of a production music and sound effects library. Under the deal, Oasys will develop and publish cell phone ringtones based on Valentino music and sound effect audio clips.
CBS First Network to Sell TV Show Episodes on Own WebsiteAuthored by Mark Hefflinger on February 2, 2006 - 7:20am.
Los Angeles - CBS has become the first network to sell downloadable episodes of its TV series on its own website, eliminating third-party distributors like Apple's iTunes Store and Google Video. "It's been our strategy to exploit content across as many platforms as possible," said CBS CEO Leslie Moonves. "This is not only a boon to fans of the show, who can now watch it at their leisure, but it also represents a great way to generate traffic for CBS.com while opening a whole new revenue stream for CBS." Episodes of shows including "CSI" and "Survivor" will be available for $1.99 after midnight on the night they air, and accessible for a 24-hour period after they are downloaded from CBS.com -- unlike on iTunes, where episode downloads do not expire.
iPod Chipmaker PortalPlayer to Sell 4.5 Million Additional SharesAuthored by Mark Hefflinger on October 24, 2005 - 7:35am.
San Jose, Calif. - PortalPlayer, a maker of system-on-chips, firmware and software for manufacturers of hard disk drive and flash memory-based personal media players, said on Monday that it plans to sell 4.5 million shares in an upcoming public offering. The company's stock closed up more than 8% to $27.86 on Monday. San Jose, Calif.-based PortalPlayer provides chips used in both Apple's iPod Nano and new video iPod.
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