July 21: Apple-Q2; Facebook-500M Users; Veoh-UMG; Flipboard; Virtual Goods-Women

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Top Stories

Cupertino, Calif. - Apple said its net income was up 78% in the second quarter, to $3.25 billion, while revenue rose 61% to a record $15.7 billion, spurred by strong sales of its iPad and Mac computers. [more..]
Palo Alto, Calif. - Facebook hit 500 million users on Wednesday, CEO Mark Zuckerberg announced on the company's blog. [more..]
Los Angeles - Universal Music Group's (UMG) appeal to the Ninth Circuit of its loss in a copyright infringement case against video-sharing site Veoh is likely to be heard before Viacom's appeal to the Second Circuit of its similar loss of a suit brought against Google's YouTube, according to The Hollywood Reporter. [more..]
Palo Alto, Calif. - Flipboard, the developer of a "social magazine" format for Apple's iPad, has raised $10.5 million in funding, acquired social data mining firm Ellerdale, and launched its application to the public. [more..]
Washington - Internet giant Google spent $1.34 million on federal lobbying during the second quarter, up 41% from the same period a year ago, according to nonprofit consumer advocacy organization Consumer Watchdog. [more..]
Santa Clara, Calif. - Consumers are spending more on virtual goods on social networks than in online games, and North American women over 25 are spending more on virtual goods than any other demographic, according to a report from market research firm VG Market and virtual currency firm PlaySpan. [more..]
Boulder, Colo. - Trada, the developer of a paid search advertising marketplace, announced on Wednesday that it has closed a $5.75 million third round of financing, led by Google Ventures.
[more..]
Port Washington, N.Y. - Sales of PC games via digital download are approaching parity with physical copies of the games sold in retail stores, according to a report from market research firm NPD Group.
[more..]
Portland, Ore. - Jive Software, a provider of social networking tools for businesses, announced on Wednesday that it has raised $30 million in its third round of funding. [more..]
Midlothian, Va. - SouthPeak Interactive, a developer and publisher of video games for all major platforms, said that it has raised $5.5 million in a private placement of convertible notes and warrants. [more..]
Washington - Sports blog network SB Nation has acquired The Sporting Blog, an online property published by SportingNews, TechCrunch reported.
[more..]

DMW Notice Board

New York Games Conference - September 21, 2010 - New York, NY
Alex St. John, President & CTO of hi5, will be delivering a Keynote presentation at this year's event! The first round of speakers for the 2010 conference have been announced. You can find the agenda and all event updates online. 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 the Value Rate of only $399 from now until August 6th!

Digital Music Forum, West - October 6-7, 2010 - Los Angeles, CA
We have just released the first line up of speakers for this years conference! The updated agenda and speaker list can be found online. 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 the Early Bird rate $399 until July 30th!

Digital Media Conference, West - October 27, 2010 - San Francisco, CA
Join us as we bring some of the nation's top industry leaders back to the city by the bay! All event updates and registration forms can be found online! We are currently 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 the Early Bird rate $299 until July 30th!

Briefly Noted

Los Gatos, Calif. - Online DVD rental service Netflix on Wednesday reported a 42% rise in subscribers during the second quarter, to 15 million. [more..]
Los Angeles - Two administrators of veteran U.K.-based BitTorrent file-sharing site Filesoup have been charged with conspiracy to infringe copyright, TorrentFreak reports. [more..]
Los Angeles - Around one-tenth of 1% of Motorola's new Droix X smartphone shipped with a screen defect, and the company and carrier partner Verizon Wireless are offering to replace the units, Engadget reported. [more..]
San Francisco - Blinkx, a searchable index of Web video, on Wednesday released a new API that gives developers of mobile applications and sites access to the company's index of MP4 video. [more..]
Los Angeles - Media measurement firm BigChampagne has introduced the Ultimate Chart -- a weekly list of top songs and artists based on data from traditional metrics, like sales and broadcast radio play, and newer indicators like Internet video and radio streams. [more..]
New York - Streaming music service Pandora now counts 60 million registered users, president and CEO Joe Kennedy said at the New Music Seminar on Wednesday. [more..]
New York - Location-based social mobile service Foursquare has topped 100 million check-ins by its users, Mashable reported, citing a tweet from Foursquare business development head Tristan Walker. [more..]
Los Angeles - The NBA plans to bring its live streaming games to Apple's iPad this fall, PaidContent reported. [more..]
Philadelphia - NearVerse has released a version of its LoKast mobile media sharing application for Android smartphones. [more..]

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Ned Sherman: CEO, Publisher & Editor-in-Chief ned@digitalmediawire.com
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