Media Business News and Trends

Gametek, LLC is seeking legal action against Facebook, Zynga, and other like companies with a lawuist that claims rights to in-game payments -- the process by which players can buy and sell virtual items within a game.

Posted Mar 08, 2012

Though many newspaper executives report struggling to find a digital revenue model, there are some papers that are succeeding, a new study by the Pew Research Center's Project for Excellence in Journalism.

Posted Mar 06, 2012

As it neared a milestone, Apple opened the Countdown to 25 Billion Apps competition, announcing that the person to download the 25-billionth app could win a $10,000 iTunes gift card. The free version of Where's My Water? set the record.

Posted Mar 06, 2012

Ebook and audiobook distributor OverDrive, Inc. acquired ebook company Booki.sh, from Inventive Labs, in a deal of which terms were not disclosed. OverDrive plans to integrate Booki.sh's cloud-based, web-accessible platform.

Posted Mar 06, 2012

EPiServer AB acquired Mediachase Ltd. for an undisclosed amount. The move merges EPiServer's existing digital marketing capabilities and Mediachase's ecommerce framework. New and existing customers have access to EPiServer's Commerce solution.

Posted Mar 02, 2012

At the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, Netflix CEO Reed Hastings said that cable will eventually become an on-demand internet platform, leaving room for Netflix to become another programming provider.

Posted Feb 29, 2012

When it comes to defining old media, you don't get much older or stodgier than The Associated Press (AP), which has been delivering the news for 165 years. In December 2011, it decided to finally join us in the 21st century by defining a new policy that would go beyond merely breaking a story first and go so far as to add value to it with analysis, video, and more.

Posted Feb 28, 2012

Covario, Inc. hosted a webinar for more than 100 digital marketers across the U.S. They discussed social media, content syndication, and search engine optimization (SEO). During the session, attendees were polled on their favorite social media and sharing sites.

Posted Feb 27, 2012

After moving toward digital subscription models, Centaur Media, PLC and Informa, PLC have reported improved digital revenues. Centaur's digital revenue comprised 32% of overall 2011 revenue; Informa saw digital make up 74% of its total.

Posted Feb 23, 2012

When it comes to digital content, we always seem to be looking for the next big thing-from websites to social networking to apps. In that quest to be the next big thing, many technology startups come and go, while others strike with that magical combination of the right technology for the right device at the right time. Still others quickly grab our attention, only to reveal a lack of staying power over time. For example, "We saw a big pop a year or so ago around funding mobile companies based on location-based [technology], such as Foursquare, and those companies are not too hot right now," says Richard Hull, a former film and TV producer who advises many of the nation's largest media and entertainment companies on content strategy, finance, and distribution.

Posted Feb 22, 2012

Getty Images, Inc., released Connect by Getty Images, a content distribution service. Connect users can integrate Getty Images' content and metadata within their publishing tools, products, and services through the company's API.

Posted Feb 21, 2012

Yandex has partnered with Twitter in an agreement that will license the full feed of all public tweets to Yandex's search engine. Tweets in Russian, Ukrainian, Belarusian, or Kazakh will appear in Yandex's Blog Search results in real time.

Posted Feb 21, 2012

News International, part of News Corp., released figures detailing print and digital subscriptions for The Times and The Sunday Times. While print circulation has steadily declined, it has yet to be trounced by digital counterparts.

Posted Feb 16, 2012

Despite heavy competition from tablets and smartphones, Sony will introduce a new hand-held game player to the U.S. market on Feb. 22. The PlayStation Vita is a stand-alone player but can also control a PlayStation console.

Posted Feb 14, 2012

According to IDC (International Data Corp.), the number of U.S. users accessing the internet via mobile devices will exceed those using wireline devices, such as PCs, by 2015. The research firm cites the use of smartphones and enthusiastic adoption of tablets as the force behind this trend. These statistics have long been a source of excitement for publishers looking for new revenue streams, but with the explosion of platforms comes the pressure to be all things to all people. From iPhones to Android devices, from the Kindle Fire to the iPad, from mobile-optimized sites to custom-designed apps, publishers struggle to find the right balance between fiscal responsibility and being on their readers' platforms of choice.

Posted Feb 08, 2012

HitFox, a game distribution website provided by GS Internet GmbH, has acquired Chili Entertainment GmbH. Chili Entertainment's game advertising network, ad2games, will join HitFox's marketing portfolio. HitFox is seeking further gaming partnerships.

Posted Feb 07, 2012

Rice University's open-education platform, Connexions, launched a program to provide free etextbooks for five of the highest-enrollment U.S. college courses. Because the books will be openly licensed, faculty will be able to adapt content to their needs.

Posted Feb 07, 2012

QuinStreet, Inc. acquired certain Ziff Davis Enterprise, Inc. media assets, including websites as well as its B2B email and telephone subscriber database. Following the sale, more than 100 ZDE employees will be cut from a total workforce of 120.

Posted Feb 06, 2012

The New York Times Co. released its earnings report for 4Q 2011, which did not reflect the recent sale of its Regional Media Group (worth $150 million plus tax benefits). Operating profit fell $5 million from 4Q 2010 to $106.6 million, and revenues dropped to $643 million.

Posted Feb 03, 2012

A woman from Brooklyn, N.Y., is suing Hearst Communications, Inc. for wages she says are owed to her and others who interned at Harper's Bazaar and other Hearst magazines, working 40-55 hours per week without any compensation.

Posted Feb 02, 2012

Facebook filed a nearly 200-page S-1 statement to register with the U.S. Securities and Exchange Commission (SEC). In it, the company claims 845 million users, more than half of which (483 million) are daily active users, a 48% increase over Dec. 2010.

Posted Feb 02, 2012

Yahoo! announced that it is pulling development and support for 10 of its less-popular mobile apps. While some of the apps are popular on the web and others were created for mobile users, consumers are not using them as much as Yahoo! would like.

Posted Jan 30, 2012

Bridgeline Digital, Inc. announced David Maffei has joined its team as senior vice president of business development. Apple named John Browett, CEO of Dixons, as its senior vice president of retail. Copyright Clearance Center appointed Roy S. Kaufman as the company's managing director of new ventures.

Posted Jan 30, 2012

Bank of America Corp. plans to introduce a Groupon-like service to its customers, offering them online discounts based on their previous spending. Customers will receive offers through the bank's website; discounts will be awarded via monthly cash payments.

Posted Jan 27, 2012

Bluefin Labs, Inc., a social TV analytics startup, raised $12 million in a Series B round of funding. The Time Warner Investments group led the round with participation from SoftBank Capital, Redpoint Ventures, and Lerer Ventures.

Posted Jan 25, 2012

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