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Top StoriesIndie Label Collective Merlin Signs MySpace Music DealAuthored by Mark Hefflinger on November 23, 2009 - 9:00am.
 Los Angeles
- MySpace Music, the joint venture between the News Corp.-owned (NYSE: NWS) social network
and the major record labels, on Monday announced a global licensing agreement
with Merlin, which represents independent labels accounting for 10% of global
music sales. The parties did not say whether Merlin received any equity stake
in MySpace Music, although Merlin did note that they have agreed on an "indie
participation plan" for Merlin labels and artists, representing "an
opportunity to participate in and benefit from the financial growth of MySpace
Music with very minimal threshold qualifications."
tags: Marketing | Social Networking | Music | MySpace | Indie | News Corp. | Merlin | MySpace Music |
Sony to Launch Online Entertainment Store in 2010Authored by Mark Hefflinger on November 20, 2009 - 11:23am.
 Tokyo
- Sony (NYSE: SNE) announced plans on Friday to launch a new online store next year that will sell books, music and movies next year, and deliver content to
networked televisions and other devices. The company did not provide many
details about the "Sony Online Service," as it is tentatively being
called, but is expected to be positioned as a competitor to Apple's iTunes
Store.
tags: Games | Video | TV | Sony | Apple | Movies | Publishing | Books | iTunes Store | Sony Online Service |
Google Book Settlement Gets Preliminary Approval; Hearing in 2010Authored by Mark Hefflinger on November 20, 2009 - 11:02am.
 New York
- The judge overseeing the settlement agreement between Google (NASD: GOOG) and authors and
publishers over the direction of its massive book-scanning project has pushed a
hearing on a revised settlement back to Feb. 18, while at the same time granted
preliminary approval to the new deal. "The preliminary approval order
sends a positive initial message; this agreement promises to benefit readers
and researchers, and enhance the ability of authors and publishers to
distribute their content in digital form," Google said in a statement.
tags: Law | Lawsuits | Google | Copyright | E-Books | Publishing | Books | Authors Guild | Google Book Search |
eBay Completes Sale of Skype Unit to Investor GroupAuthored by Mark Hefflinger on November 20, 2009 - 9:34am.
 San Jose,
Calif. - Nearly three months
after first announcing the deal, online auction giant eBay (NASD: EBAY) said that it has
completed the sale of a majority stake in its Skype Internet telephone business
to an investment group headed by Silver Lake Partners. Under the deal, the
investor group -- which also included Joltid Limited, the Canada Pension Plan
Investment Board and Andreessen Horowitz -- paid $1.9 billion and a $125
million note in exchange for a 70% stake in the unit.
tags: Deals | eBay | Acquisitions | Skype | Silver Lake Partners | Andreessen Horowitz | Canada Pension Plan Investment Board | Joltid | Janus Friis | Niklas Zennstrom |
MySpace 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.
Facebook, Zynga Face Class Action Suit Over Offer-based AdsAuthored by Mark Hefflinger on November 23, 2009 - 11:35am.
Sacramento,
Calif. - A class action suit has
been filed against Facebook and social network gaming firm Zynga, over
"offer-based" advertisements that allegedly resulted in users being
billed for unwanted services, Valleywag reported.
Mobile TV Chipmaker Telegent to Raise Up to $250M in IPOAuthored by Mark Hefflinger on November 23, 2009 - 11:14am.
Sunnyvale,
Calif. - Telegent Systems, a developer
of semiconductors that enable mobile TV services, on Monday filed with the
Securities and Exchange Commission (SEC) to raise up to $250 million in its
initial public offering (IPO).
Apple to Launch iPhone in South Korea This WeekAuthored by Mark Hefflinger on November 23, 2009 - 10:16am.
Seoul, South Korea - Apple (NASD: AAPL) will launch the iPhone in South
Korea later this week with local carrier KT Corp, which is already accepting
pre-orders for the smartphone, the Associated Press reported.
Report: Million Spotify Streams Earn Lady Gaga Just $167Authored by Mark Hefflinger on November 23, 2009 - 10:03am.
Los Angeles - Despite racking
up more than a million streams in Sweden during a five month period
on ad-supported streaming service Spotify, artist Lady Gaga's song "Poker
Face" generated a songwriting royalty payment of just $167 from Swedish performing
rights society STIM, TorrentFreak reported, citing the local Swedish outlet
Expressen.
Study: Online Video Ads Less Effective on Social NetworksAuthored by Mark Hefflinger on November 23, 2009 - 9:36am.
Los Angeles
- Online video advertising is more effective on content sites and within email
than it is when place on social networking and video game-related sites,
according to a report from Eyeblaster, a provider of third-party online ad
distribution.
AOL to Unveil New Logo Following Next Month's SpinoffAuthored by Mark Hefflinger on November 23, 2009 - 8:42am.
New York
- Hoping to reinvigorate its business, AOL said that it plans to alter its logo
beginning Dec. 10, the day after the completion of its scheduled spinoff from
parent Time Warner (NYSE: TWX).
Google Acquires Customized Ad Technology Firm TeracentAuthored by Mark Hefflinger on November 23, 2009 - 8:28am.
Mountain View,
Calif. - Google (NASD: GOOG) announced on
Monday that it has acquired Teracent, a developer of online display advertising
customized by machine-learning algorithms.
Nokia Lays Off 330 Research and Development StaffAuthored by Mark Hefflinger on November 20, 2009 - 10:23am.
Espoo, Finland - Cell phone maker Nokia (NYSE: NOK)
announced on Friday that it will lay off up to 330 employees from its research
and development operations, representing about 2% of its global research and
development staff of 17,000.
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.
Details Emerge About AOL's Massive Workforce ReductionsAuthored by Mark Hefflinger on November 20, 2009 - 9:50am.
New York
- A day after AOL announced plans to cut one-third of its workforce -- up to
2,500 employees -- details are beginning to emerge about specifics of the plan.
Online Marketer QuinStreet Files for $250 Million IPOAuthored by Mark Hefflinger on November 20, 2009 - 9:40am.
Foster City,
Calif. - QuinStreet, a provider
of online marketing services, has filed with the Securities and Exchange
Commission (SEC) to raise up to $250 million in its initial public offering
(IPO).
Mobile Broadcast Firm IPWireless Lands $15.5 MillionAuthored by Mark Hefflinger on November 20, 2009 - 8:08am.
San Francisco
- IPWireless, a San Francisco-based developer of mobile broadband and broadcast
technology, said on Wednesday that it has raised $15.5 million in its first
round of funding, led by Spark Capital.
Chegg.com Gets $57 Million for Online Textbook RentalsAuthored by Mark Hefflinger on November 20, 2009 - 8:06am.
Santa Clara, Calif. - Chegg.com, an online textbook rental company,
said on Thursday that it has raised one of the largest funding rounds for a Silicon Valley tech company this year, landing $57
million in its fourth round.
Judge Shutters Websites Selling "Re-Recorded" Beatles TunesAuthored by Mark Hefflinger on November 19, 2009 - 11:17am.
Los Angeles
- A federal judge has issued a preliminary injunction against two websites,
BlueBeat.com and Basebeat.com, that had been selling unauthorized downloads of
songs from the Beatles and other artists on the cheap, the Associated Press
reported.
Senate Judiciary Approves Copyright Czar NomineeAuthored by Mark Hefflinger on November 19, 2009 - 10:56am.
Washington
- The U.S. Senate Judiciary Committee on Thursday voted unanimously to approve
President Barack Obama's nomination for the newly-created position of copyright
czar, Victoria Espinel.
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