Mar. 17: Blockbuster-Ch 11?; Movies On Demand; Classmates.com; Musicians Wanted

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March 17, 2010 · Today's Sponsor:

Top Stories

Dallas - Video rental giant Blockbuster saw its shares plummet over 30% on Wednesday, after the company disclosed in a regulatory filing that it may have to file for bankruptcy protections. [more..]
Los Angeles - The major Hollywood studios and cable TV providers have partnered on a $30 million national TV, print and online marketing campaign to promote movies on demand services. [more..]
San Diego - Online social network Classmates.com has agreed to pay nearly $10 million to settle a class action lawsuit over claims of false advertising related to its upgrade pitch to users.
[more..]
San Bruno, Calif. - Google's YouTube has launched a new program for independent artists looking to make advertising dollars from their music videos and live performance footage. [more..]
San Francisco - Yelp, the provider of local restaurant and business reviews, is now the target of a third class action lawsuit related to charges it altered the reviews of businesses who declined to purchase advertising on Yelp.com.
[more..]
New York - AOL announced on Wednesday that it has established a $10 million dedicated venture capital fund, which will invest in start-ups in the "local" space. [more..]
Silver Spring, Md. - Liberty Satellite Radio, a unit of John Malone's Liberty Media, said on Wednesday that it has called off talks regarding a possible "transaction" with WorldSpace, leaving the international satellite radio provider in financial limbo. [more..]
San Mateo, Calif. - Mobile apps will outsell CDs by 2012, according to a new study conducted by Chetan Sharma Consulting on behalf of mobile applications download service GetJar. [more..]
New York - Looking to further expand the reach of its lifestyle content, AOL on Wednesday launched a new food web site called KitchenDaily. [more..]
San Francisco - World Golf Tour, the operator of an online golf game, has raised $10 million in its third round of funding, led by JAFCO Ventures, VentureBeat reported. [more..]
Santa Clara, Calif. - LucidLogix Technologies, an Israeli developer of processors designed to improve visual computing in business and gaming applications, said on Wednesday that it has landed $8 million in new funding from previous backers Rho Ventures, Giza Venture Capital and Genesis Partners. [more..]
San Francisco - Playdom, a publisher of social games that recently raised $43 million in financing, has invested $5 million in the first round of funding for MetroGames, a developer of social games based in Argentina.
[more..]

DMW Notice Board

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Briefly Noted

New York - Sprint is expected to introduce its first 4G phone next week at the CTIA trade show, The Wall Street Journal reported, citing sources. [more..]
Overland Park, Kan. - Sprint announced on Wednesday that it will offer Google's Nexus One smartphone, joining launch partner T-Mobile and the recently announced AT&T as carriers offering the device. [more..]
Los Angeles - The American Film Institute (AFI) will shutter its Digital Content Lab, a workshop where video producers explored interactive television and other emerging technologies, due to a lack of funding, NewTeeVee reported. [more..]
Schaumberg, Ill. - The Audit Bureau of Circulations, the organization that tallies newspaper and magazine circulation figures, announced on Wednesday that it has revised its definition of a magazine to accommodate new technologies. [more..]
Los Angeles - XpanD has announced plans to begin selling 3D glasses the company says are "compatible with virtually any monitor capable of playing 3D-ready content." [more..]

Extras


Job/Event/Marketplace Classifieds


- Gannett Digital - McLean
- VMIX MEDIA INC - San Diego, CA
- Socialcast - San Francisco, CA
- Zynga - San Francisco
- Synacor - Buffalo, NY
- Live365 - Foster City
- Amazon.com - Seattle, WA

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