A daily briefing of the most important news stories about the business of digital media & entertainment.
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Latest Posts
SellaBand Partners on ArenaFest "Live Social Network" Tour
Amsterdam - SellaBand, a fan-financed recordings venture for
unsigned artists, announced on Monday that it has partnered with Arena Works
Entertainment on ArenaFest, a festival tour of 91 venues that will feature
unsigned bands, extreme sports, video game tournaments and even a dating game in
what are being billed as "the first live social network event(s)
ever."
DMW Vlog: Are Performance Guarantees The Future Of Television Advertising?
New York - Most television executives have come to realize that advertisers, in the coming years, will put more and more money into online media where they can be guaranteed a captive, engaged audience, with an intention to buy. While still making billions of dollars from selling 30-second spots, how do you make sure you don’t trade analog dollars for digital pennies? Will TV networks that do not free up their programming and move to a digital platform find themselves the prime-time equivalent of Kodak’s 35 mm film business? Watch these exclusive interviews with two top industry analysts, IBM's Bill Serrao (above) and Accenture's David Wolf (below), from DMW’s Future of Television Forum East and note how differently they approach the subject of performance guarantees for television advertisers. Also don't miss the video of their presentations at the event as well as a great panel on the future of television advertising (embedded below).
Report: Holiday Online Shopping Season Off to Strong Start
Reston, Va. - Online bargain-hunters were expected
to flood the Internet on Monday in search of deals on "Cyber Monday,"
the unofficial kickoff of the online holiday shopping season. According to
comScore, the online holiday shopping season already is off to a strong start,
with sales on Black Friday up 1% from a year ago. Combining Thanksgiving Day
and Black Friday, online sales rose 2%, the firm said.
Reston, Va. - Completing a deal seven months in the
making, Sprint Nextel (NYSE: S) said on Monday that it has officially merged its new
high-speed wireless network with a similar network from Kirkland, Wash.-based
Clearwire.
New York
- Sumner Redstone, whose National Amusements holding company controls Viacom (NYSE: VIA),
CBS, Paramount Pictures and other media assets, is expected to announce on
Monday that he will sell its 87% majority stake in Midway Games (NYSE: MWY) to investor
Mark Thomas, The Wall Street Journal reported. National Amusements will receive
just $100,000 in cash for the struggling game publisher, while Thomas will also
assume $70 million in secured and unsecured debt.
Report: Microsoft in Talks to Acquire Yahoo's Search Business
London - Microsoft (NASD: MSFT) is once
again reportedly in talks to acquire Yahoo's (NASD: YHOO) search business for $20 billion, according
to the U.K.'s
Times Online. Under the reported terms, Microsoft would invest $5 billion in
the new search division, to be led by former AOL CEO Jonathan Miller and former
Fox Interactive Media president Ross Levinsohn.
Microblogging Firm Pownce Acquired by Six Apart, Shut Down
San Francisco
- Pownce, a microblogging and file-sharing service created by Digg founder
Kevin Rose, announced on Monday that it has been acquired by Six Apart,
developers of blogging tools including Vox, Movable Type and TypePad, for an
undisclosed sum.
Atlanta
- Band Metrics, a provider of Web-based analytics tools for the music industry,
announced that it has raised an undisclosed amount of angel financing, led by investor
Allen Graber.
Video Services Firm The FeedRoom Acquires ClearStory
Westborough,
Mass. - The FeedRoom, a provider
of online video software, has completed its acquisition of ClearStory Systems,
a Massachusetts-based digital asset management software provider.
Huffington Post's New Funding Round Totals $25 Million
New York
- News and opinion website The Huffington Post announced on Monday that it has
raised $25 million in new financing, bettering the $15 million that had been
mentioned in earlier reports on the investment.