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Report: EMI Plans 'Radical' Cost Cuts, More LayoffsAuthored by Mark Hefflinger on February 8, 2010 - 10:06am.
 London
- Major record label EMI is planning "radical cost cuts, including a
further reduction in its 3,500-strong workforce," in a bid to make the
company more attractive to investors, the Telegraph reported. Terra Firma, the
private equity firm that acquired EMI for $4.7 billion before the recession hit,
is seeking an additional more than $160 million from investors, in order to
meet loan repayment deadlines and prevent a possible takeover by lender Citigroup.
Copy of "Avatar" Leaked to File-Sharing NetworksAuthored by Mark Hefflinger on February 5, 2010 - 9:54am.
 Los Angeles
- A copy of Academy Award-nominated movie "Avatar" has been uploaded to
file-sharing networks, TorrentFreak reported. Nominees were announced earlier
this week, and one of the "screener" DVDs typically sent to Academy
members who vote on the Oscars is thought to have been posted online.
Court Dismisses EMI Charges Against Seeqpod FoundersAuthored by Mark Hefflinger on February 5, 2010 - 9:27am.
 New York
- A federal judge this week dismissed copyright infringement charges brought by
major record label EMI against the founders of streaming music site Seeqpod,
GigaOM reported. U.S. District Judge Laura Taylor Swain granted Seeqpod's
motion to dismiss the case, citing lack of jurisdiction.
Justice Dept. Objects to Revised Google Books SettlementAuthored by Mark Hefflinger on February 5, 2010 - 8:39am.
 New York
- The U.S. Justice Department has voiced its objection to the revised
settlement between Google (NASD: GOOG) and authors over the Internet giant's plans to create
a digital index of the world's books. While the Justice Dept. appreciated the
"substantial progress" made between the two sides since it objected
to the first version of the settlement submitted in September, it said this
week that "class certification, copyright, and antitrust issues
remain" with the revised settlement deal.
Aussie Court: ISPs Not Liable for Users' Copyright InfringementAuthored by Mark Hefflinger on February 4, 2010 - 9:37am.
 Sydney - A federal judge in Australia has ruled that Internet service
providers cannot be held liable for copyright infringements committed by their
subscribers, dealing a blow in a closely-watched lawsuit filed by U.S. movie
studios against Aussie ISP iiNet, according to published reports. Justice
Dennis Conroy found that, while it was shown that iiNet had knowledge that its
customers were committing copyright infringement, this knowledge did not equate
to "authorizing" the activities.
tags: Video | Law | Lawsuits | P2P | Movies | Sony Pictures | Disney | Warner Bros. | Copyright | Paramount | Universal Studios | 20th Century Fox | Safe Harbor | iiNet |
Terra Firma Seeks Another $160 Million for EMIAuthored by Mark Hefflinger on February 4, 2010 - 8:28am.
London
- Terra Firma, the private equity firm that owns major record label EMI, is
seeking to raise an additional $160 million to help repay loans to Citigroup,
which helped finance the firm's $4.7 billion acquisition of EMI, according to
published reports. Terra may soon default on loan payments due, if it fails to
raise the additional capital.
Yahoo Sells HotJobs Unit to Monster for $225 MillionAuthored by Mark Hefflinger on February 3, 2010 - 11:04am.
 New York
- Nine months after it put the unit up for sale, Yahoo (NASD: YHOO) announced on Wednesday
that it has sold its HotJobs online recruitment service to Monster Worldwide
for $225 million in cash. The deal includes a three-year agreement wherein Monster
will provide career and job content on Yahoo's home page in the U.S. and Canada,
and gives Monster the rights to negotiate similar agreements for Yahoo
properties in Europe, Asia and Latin America.
Digital Media Wire Announces Advisory BoardAuthored by Ned Sherman on February 2, 2010 - 8:31am.
I am very pleased to announce the formation of the first DMW advisory board (press release below). The board is an impressive mix of entertainment and technology executives, strategic consultants and investment advisors focused on the digital media industry and will be working with us to provide insight and advice on new business initiatives, including the growth of DMW's publishing business, the creation of the DMW consulting network and opportunities for global expansion. I look forward sharing more announcements with you in the coming months. Sincerely, Ned Sherman, CEO & Publisher, Digital Media Wire, Inc. Italian Court Reinstates ISP Block on The Pirate BayAuthored by Mark Hefflinger on February 8, 2010 - 11:25am.
Los Angeles - An Italian
court has ruled that ISPs in the country must block access to file-sharing hub
The Pirate Bay, reinstating a ban that had been previously overruled, then
reaffirmed by Italy's
Supreme Court, TorrentFreak reported.
Google to Add 'Status Updates', Other Social Features to GmailAuthored by Mark Hefflinger on February 8, 2010 - 10:59am.
Mountain View,
Calif. - Google (NASD: GOOG) plans to add new
social features to its Gmail service that include the ability to share
"status updates" and recent activity on third-party services with
contacts, The Wall Street Journal reported, citing people familiar with the
matter.
Google to Appeal French Court Ruling on Digital Book IndexAuthored by Mark Hefflinger on February 8, 2010 - 10:50am.
Paris
- Google (NASD: GOOG) has appealed a French court ruling that prohibited the company from
digitizing French authors' works for inclusion in its massive book index
without publishers' permission, Agence France-Presse reported.
tags: Law | Lawsuits | Google | France | Copyright | E-Books | Publishing | Books | Google Book Search |
Video Caption Transcriber 3Play Media Raises FundingAuthored by Mark Hefflinger on February 8, 2010 - 10:40am.
Somerville,
Mass. - 3Play Media, a developer
of video caption transcription technology, announced that it has raised
$450,000 in funding from angel investors.
Report: AOL Working with Four Bidders on Sale of ICQAuthored by Mark Hefflinger on February 8, 2010 - 9:58am.
New York
- AOL (NYSE: AOL) is in serious negotiations with four bidders to sell its ICQ instant
messaging service, All Things D reported on Monday.
Swedish Web Movie Service Voddler Gets $3.5 MillionAuthored by Mark Hefflinger on February 8, 2010 - 9:44am.
Stockholm,
Sweden -
Voddler, a provider of streaming video services, has raised $3.5 million in new
funding from Eqvitec Partners.
Canadian News Site The Mark Closes First Round of FundingAuthored by Mark Hefflinger on February 8, 2010 - 9:26am.
Toronto
- The Mark, a Canada-based online daily news magazine, announced on Monday that
it has closed its first round of funding, led by Innovation Grade Capital.
Motorola Leads Investment in Social Music Player TuneWikiAuthored by Mark Hefflinger on February 8, 2010 - 9:13am.
Schaumberg,
Ill. - Motorola (NYSE: MOT) Ventures
announced on Monday that it has led a new investment round in TuneWiki, a
provider of social media music players and related applications.
tags: Deals | VC | Social Networking | Music | Lyrics | Motorola Ventures | Novel TMT | Hillsven Capital | Intellect Capital Ventures | TuneWiki | Benchmark Israel |
Facebook Dumps Microsoft for Display Ads; Expands Search DealAuthored by Mark Hefflinger on February 5, 2010 - 10:16am.
Redmond,
Wash. - Microsoft announced on
Friday that it will no longer sell display ads on Facebook, while it has
expanded its search advertising partnership with the online social network.
Facebook Hits 400 Million Users; Debuts RedesignAuthored by Mark Hefflinger on February 5, 2010 - 9:14am.
Palo Alto,
Calif. - On its sixth birthday
yesterday, online social network Facebook announced that it has surpassed 400
million members, and launched a redesigned home page for its users.
tags: Social Networking | Facebook |
Adult Site Operator FriendFinder Cancels IPOAuthored by Mark Hefflinger on February 5, 2010 - 8:32am.
Boca Raton,
Fla. - FriendFinder Networks, an
operator of adult-oriented websites and dating services, and publisher of
Penthouse magazine, announced on Friday that it has opted to postpone its
planned IPO, citing current market conditions.
Tween Girls Site Fashion Playtes Raises $1.7 MillionAuthored by Mark Hefflinger on February 5, 2010 - 8:19am.
Salem, Mass. - Fashion Playtes, the operator of an
online girls fashion website, has raised $1.7 million in venture capital,
according to a filing by the company with the Securities and Exchange
Commission.
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