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Breaking Digital Video NewsWarner’s $33M Bid for Midway Games Close To Being ApprovedAuthored by Jay Baage on July 2, 2009 - 7:41am.
 Chicago – Warner Bros. (NYSE: TWX) $33 million bid to buy "substantially all" the assets of Midway Games (NYSE: MWY) looks like its close to being approved. A Delaware bankruptcy judge said Wednesday that the objections to the Warner Bros. deal were resolved, clearing the way for the company to change owners, according to Chicago Tribune.
Joost to Become White-Label Video Provider; CEO Volpi OutAuthored by Mark Hefflinger on June 30, 2009 - 7:12am.
 New York
- Joost, the video distribution firm launched by the creators of Kazaa and
Skype, announced on Tuesday that it will cut staff and turn its focus from an
entertainment portal to being a provider of white-label video services. Chief executive
Mike Volpi is stepping down, but will remain chairman, and will be replaced by
former Comcast executive Matt Zelesko.
YouTube Co-Founder Chen Takes Position at GoogleAuthored by Mark Hefflinger on July 1, 2009 - 9:28am.
San Bruno,
Calif. - YouTube co-founder and
chief technology officer Steve Chen has stepped down to take an unspecified
position at parent company Google (NASD: GOOG), All Things D reported. "Steve shifted
his focus to help with some Google engineering projects. He's still involved
with YouTube and invested in its success," YouTube spokesman Ricard Reyes
told The Times' Bits Blog. Chen's holdings in YouTube, which was acquired by
Google for $1.65 billion, reportedly were worth more than $326 million in
February 2007.
1Cast Mobile Clip Service Adds Al Jazeera English, Fox BusinessAuthored by Mark Hefflinger on July 1, 2009 - 9:21am.
Kirkland,
Wash. - 1Cast, the provider of a
video news aggregation service for smartphones and the Web, said on Wednesday
that it has added programming from Al Jazeera English and Fox Business Network
to its service. 1Cast also offers up-to-the-minute video clips from the
Associated Press, BBC, Bloomberg, Reuters, CNBC and All Things D.
Insider Trading Probe Launched on Pirate Bay BuyerAuthored by Mark Hefflinger on July 1, 2009 - 8:24am.
Stockholm, Sweden - An investigation has been launched into suspected insider trading
of shares in Sweden-based Global Gaming Factory, following irregular volume was
seen a week before the company acquired file-sharing hub The Pirate Bay for
$7.8 million, TorrentFreak reported.
tags: Deals | Law | Music | Movies | Acquisitions | Copyright | The Pirate Bay | Global Gaming Factory |
AMC Acquires Movie Sites Filmcritic.com, Filmsite.orgAuthored by Mark Hefflinger on July 1, 2009 - 5:38am.
New York
- Rainbow Media's AMC cable TV network announced that it has acquired two
movie-related websites, Filmcritic.com and Filmsite.org.
Will Pirate Bay Be Successful As A Legit Music Downloading Service?Authored by Jay Baage on June 30, 2009 - 6:59am.
Yahoo to Shutter Video Distribution Unit Maven NetworksAuthored by Mark Hefflinger on June 30, 2009 - 5:23am.
 Sunnyvale,
Calif. - Yahoo (NASD: YHOO) plans to shutter
its Maven Networks online video distribution and ad platform, which it acquired
for $160 million in January 2008, TechCrunch reported. "While video
initiatives remain a priority for Yahoo, both for its consumer and advertising
experiences, we are increasing investment in some areas while scaling back in
others," the company told TechCrunch.
The Pirate Bay Acquired for $7.8 Million; Will Go LegitAuthored by Mark Hefflinger on June 30, 2009 - 5:11am.
 Stockholm, Sweden - Swedish software firm Global Gaming
Factory (GGF) announced on Tuesday that it has paid $7.8 million to acquire
notorious file-sharing hub The Pirate Bay, and will turn the site into a
legitimate business that compensates copyright holders. Under the term, the
operators of The Pirate Bay -- who were recently found guilty of copyright infringement,
sentenced to a year in prison and ordered to pay fines totaling $3.9 million --
will receive half of the payment in cash and half in GGF shares.
tags: Deals | P2P | TV | Music | Movies | Sweden | Acquisitions | Copyright | BitTorrent | The Pirate Bay | Global Gaming Factory | Peerialism |
Simage Gets $1.4 Million for Custom Digital TV in BarsAuthored by Mark Hefflinger on June 30, 2009 - 4:33am.
Chicago - Simage, the operator of a digital ad and
programming network for bars and restaurants, has raised $1.4 million in angel
funding, from investors including Horizon Investment Partners, Victory Records
founder Tony Brummel, and individual angels.
tags: Deals | VC | Video | Marketing | Advertising | TV | Simage | Horizon Investment Partners | Victory Records |
French Xbox Users Get Canal Plus TV, Movies, SoccerAuthored by Mark Hefflinger on June 29, 2009 - 11:04am.
London
- Microsoft (NASD: MSFT) has partnered with French pay-TV company Canal Plus to offer
movies, TV and soccer on demand through its Xbox 360 video game console,
Reuters reported. The deal will give French Xbox Live members access to some
3,000 programs, as well as French Ligue 1 soccer matches. Microsoft signed an
Xbox Live programming carriage deal last month with BSkyB.
"Transformers" Posts Biggest Opening in IMAX HistoryAuthored by Mark Hefflinger on June 29, 2009 - 11:00am.
Los Angeles - The IMAX Corporation (NASD: IMAX) announced on Monday that
Paramount's "Transformers: Revenge of the Fallen" posted the biggest
opening in IMAX history, with a single-day domestic gross of $3.9 million, and five-day
gross of $14.4 million. The film was available from 169 IMAX screens in the U.S.,
making for a per screen average of over $85,000 during the five-day opening
period. The company said the IMAX release contributed more than 7% of the
film's $201 million total, on less than 2% of the screens showing the picture.
Pirate Bay Testing YouTube Rival Video Streaming ServiceAuthored by Mark Hefflinger on June 29, 2009 - 10:13am.
Stockholm,
Sweden -
Swedish file-sharing hub The Pirate Bay, which two years ago announced plans to
launch a streaming video site, appears to be closer to completion as the
developers launched a test version of The Video Bay earlier this month,
TorrentFreak reported.
Team Claims Victory in $1 Million Contest to Improve NetflixAuthored by Mark Hefflinger on June 29, 2009 - 6:54am.
Los Gatos,
Calif. - One of the teams working
towards the Netflix Prize, a $1 million purse the company offered to anyone who
could improve its movie recommendation algorithm by 10%, claims to have reached
that goal.
Supreme Court Declines Case; Cablevision DVR Remains LegalAuthored by Mark Hefflinger on June 29, 2009 - 6:37am.
 Washington
- The U.S. Supreme Court declined to hear an appeal challenging the legality of
Cablevision's (NYSE: CVC) network-based digital video recorder service, which the
television networks and movie studios had charged amounted to copyright infringement.
Unlike a TiVo, which stores recorded programs locally on a hard drive in the
consumer's home, Cablevision's "remote storage" digital video
recorder stores recorded programs on the company's own servers, and streams
them on demand to customers.
YouTube Ups Video Upload Size Limit From 1GB to 2GBAuthored by Mark Hefflinger on June 26, 2009 - 12:05pm.
San Bruno,
Calif. - Google's (NASD: GOOG) YouTube has
increased the maximum size of video file that may be uploaded from 1GB to 2GB,
keeping the maximum length of videos at 10 minutes, Mashable reported. The move
should make it easier for publishers of HD video to post their content to the
site.
Columbia Pictures Bringing "Uncharted" Video Game to Big ScreenAuthored by Mark Hefflinger on June 26, 2009 - 12:03pm.
Los Angeles
- Sony's (NYSE: SNE) Columbia Pictures has secured rights to develop a movie based n
developer Naughty Dog's "Uncharted" video game, VentureBeat reported.
The Tomb Raider-like game is being adapted for the screen by Kyle Ward
("Kane & Lynch," "Hitman 2"), and produced by Avi Arad,
Charles Roven and Alex Gartner.
Canada's Zip.ca Movie Rental Service Adds Roxio CinemaNowAuthored by Mark Hefflinger on June 26, 2009 - 12:01pm.
Novato, Calif. - Sonic Solutions (NASD: SNIC) said on Friday that
it has partnered with Canadian online video rental service Zip.ca, to make its
Roxio CinemaNow download service available to Zip.ca subscribers. Zip.ca will
offer movies and TV episodes that can be downloaded and watched on PCs; the
service is also embedded on some consumer electronics.
EA Mobile Details Four Upcoming Movie Tie-in GamesAuthored by Mark Hefflinger on June 26, 2009 - 12:00pm.
Redwood City,
Calif. - EA Mobile, the mobile
division of game developer Electronic Arts (NASD: ERTS), said on Friday that it plans to
launch four new movie-based titles later this year. The games will include "Harry
Potter and the Half-Blood Prince," "G.I. Joe The Rise of Cobra,"
"Star Trek" and "X-Men Origins: Wolverine."
YouTube: Mobile Vids Up 400% a Day Since iPhone 3GS DebutAuthored by Mark Hefflinger on June 25, 2009 - 12:41pm.
San Bruno,
Calif. - Google's (NASD: GOOG) YouTube said on
Thursday that mobile uploads to the site have jumped 1700% in the past six
months, and have been rising 400% per day since Friday, when Apple's (NASD: AAPL) new video-capable
iPhone 3GS went on sale. The company did not break down the numbers any
further, to state how many mobile videos are uploaded daily, or by device, or what
percentage they represent of the total videos uploaded to YouTube, NewTeeVee
noted.
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