May 25: Xbox Unit Shake-up; LOST-BitTorrent; Slingshot Labs-RIP; Yahoo-Korpol

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Redmond, Wash. - Microsoft on Tuesday announced a major restructuring of the entertainment and devices division that houses its Xbox team, including the departures of Robbie Bach, who leads the division, and chief technology officer J Allard. [more..]
San Francisco - Before Viacom filed its $1 billion copyright infringement lawsuit against YouTube, Google offered Viacom $592 million in guaranteed revenues if the company licensed its movies and TV shows to the site, according to newly released documents from the ongoing lawsuit, CNET News.com reported. [more..]
Los Angeles - The series finale of Disney/ABC's "Lost" has broken the single-day download record on file-sharing network BitTorrent, racking up close to 1 million downloads in less than a day, TorrentFreak reported. [more..]
Santa Monica, Calif. - News Corp.'s MySpace online social network is shuttering its Slingshot Labs social media incubator, and laid off the unit's entire staff late last week, Valleywag reported. [more..]
Sunnyvale, Calif. - Yahoo announced on Tuesday that it has acquired Korpol, an Indonesia-based mobile social network. [more..]
New York - Business publisher Forbes announced on Tuesday that it will acquire True/Slant, an online freelance journalism venture, for an undisclosed sum. [more..]
Los Angeles - The Hollywood movie studios are looking to experiment with shortening the traditional four-month window between when a movie is released to theaters and when it becomes available on home video, in a bid to generate more revenue from new video-on-demand and other services, Variety reports. [more..]
London - Days after shutting itself down, following a court ruling that found it liable for copyright infringement, the source code behind Usenet file-sharing search engine Newzbin was reportedly stolen by a group that aims to resurrect the service, The Register reported. [more..]
Alexandria, Va. - OhMyGov, the publisher of a political blog that monitors the increasing use of social media in government, has raised an undisclosed amount of seed funding from New Dominion Angels. [more..]

DMW Notice Board

International Game & Film Lounge, Los Angeles, June 14, 2010
Update: Garry Schyman, Transmedia Composer, to deliver Keynote Presentation. New speakers announced from Tokyo Pop, Imagination Studios, Team 17, Starbreeze Studios and many more!
Together with our friends at Variety and Nordic Game, we are pleased to announce the agenda for our second annual pre-E3 transmedia event. This year's event features two keynotes, demos and a showcase as well as 6 panels and bustling after-party by the pool! We invite you to join an exclusive group of decision-makers at the event and take part in the discussion with executives, investors, analysts, press, filmmakers and gamers who will be instrumental in shaping the future of the game and film business. We are accepting speaker submissions and offering sponsor/exhibit opportunities now. Please contact Event Director Jay Baage via email (jay@digitalmediawire.com) for more information.
Register now
for only $249. Limited number of tickets available.

Briefly Noted

Los Angeles - As Apple prepares for an event next month at which it is expected to introduce the iPhone 4G, retail giant Wal-Mart is looking to unload its current inventory by offering an iPhone 3GS for just $97, with a two-year contract. [more..]
Foster City, Calif. - Sony Computer Entertainment America announced on Tuesday that Time Warner's HBO has made programming available for purchase on the Playstation 3 and PSP in the U.S. [more..]
Los Gatos, Calif. - Online DVD rental service Netflix announced on Tuesday that it will use Microsoft's digital rights management (DRM) technology to secure content delivered to Netflix-ready devices and applications. [more..]
Los Angeles - The Digital Entertainment Content Ecosystem, a cross-industry consortium looking to create an open market or digital content distribution, on Tuesday announced that it has added seven companies to its group, and named Mark Teitell as general manager. [more..]
New York - Performing rights organization BMI announced that it has launched a mobile version of its website designed for the latest smartphones. [more..]
Hong Kong - 88tc88.com, a service that helps artists translate their works for the Chinese market, announced that it has signed new deals with Grooveshark, Hello Music and Music with Subtitles. [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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