Hulu investors, Providence form joint venture with Baidu to create online video company in China

Posted by Andrew | Media and Entertainment, Technology | Saturday 27 February 2010 4:52 am

BEIJING, Feb. 26 /PRNewswire-Asia/ — Baidu, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced that Baidu and Providence Equity Partners (“Providence”) have signed an agreement pursuant to which Providence will invest$50 million in Baidu’s new online video company to develop an advertising supported online video business providing premium licensed content in China. Baidu will continue to maintain majority ownership in the company. The new online video company has registered http://www.qiyi.com as its domain name.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081103/BAIDULOGO )

“The online video market has great potential for growth in China,” said Mr. Robin Li, Chief Executive Officer of Baidu, Inc. “Providence is our ideal partner in this space as it has rich experience in investing in and managing businesses that distribute licensed content online. With Baidu’s strong ability to drive traffic and offer innovative products that suit user needs, we are very excited about the future prospects of this new company.”

“We are very pleased to partner with Baidu and are confident that this new venture will become an industry leader,” saidJonathan Nelson, Chief Executive Officer of Providence. “As the world’s largest Chinese language internet search company and also the dominant video search engine in China, Baidu has unmatched competitive advantages in its user base and traffic. The new venture will provide users with a first-class viewing experience, and will work with regulators to ensure the lawful distribution of professionally produced media and entertainment content on the internet.”

About Baidu

Baidu, Inc. is the leading Chinese language Internet search provider. As a technology-based media company, Baidu aims to provide the best way for people to find information. In addition to serving individual Internet search users, Baidu provides an effective platform for businesses to reach potential customers. Baidu’s ADSs, each of which represents one Class A ordinary share, are currently trading on the NASDAQ Global Select Market under the symbol “BIDU.”

About Providence Equity Partners

Providence Equity Partners is the leading global private equity firm specializing in equity investments in media, entertainment, communications and information services companies around the world. The principals of Providencemanage funds with over $22 billion in equity commitments and have invested in more than 100 companies operating in over 20 countries since the firm’s inception in 1989. Significant existing and prior investments include Bresnan Broadband Holdings, Casema, Com Hem, Digiturk, Education Management Corporation, eircom, Hulu, Idea Cellular, Kabel Deutschland, NexTag, Ono, PanAmSat, ProSiebenSat.1, Recoletos, TDC, Univision, VoiceStream Wireless, Warner Music Group, Western Wireless and Yankees Entertainment & Sports Network. Providence is headquartered in Providence, RI(USA) and has offices in New York, London, Los Angeles, Hong Kong and New Delhi. Visit http://www.provequity.com for more information.

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Akamai beats the street yet again, returns to double digit growth

Posted by Andrew | CDN, Media and Entertainment, Technology | Thursday 4 February 2010 7:49 am

Akamai announced last night a return to double digit revenue growth of 12% and a 1% uptick to earnings. The numbers significantly beating street estimates and managements guidance.

Despite a challenging economy Akamai continues to show strong growth in all segments of its market including Media and Entertainment which skeptics had predicted severe discounting from competitors would upset the Akamai Apple cart.

CEO Paul Sagan once again has demonstrated that a balanced CDN service portfolio of data distribution, media and entertainment and web acceleration services are the key to success in this space.

With the potential growth in HD video clips and subscription based IPTV content in continued demand by consumers as well as the growth in cloud computing, Akamai is in a great position to take advantage of these macro economic trends.

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FCC LAUNCHES INITIATIVE TO EXAMINE FUTURE OF MEDIA

Posted by Andrew | Media and Entertainment, Technology | Thursday 21 January 2010 1:16 pm

WASHINGTON — Today, the Federal Communications Commission launched an initiative on the future of media and the information needs of communities in the digital age. This initiative will examine the changes underway in the media marketplace, analyze the full range of future technologies and services that will provide communities with news and information in the digital age, and, as appropriate, make policy recommendations to the FCC, other government entities, and other parties.

“We are at a critical juncture in the evolution of American media,” said FCC Chairman Julius Genachowski. “Rapid technological change in the media marketplace has created opportunities for tremendous innovation. It has also caused financial turmoil for traditional media, calling into question whether these media outlets will continue to play their historic role in providing local communities with essential news and civic information. With this crucial initiative, the FCC commits to fully understanding the fundamental changes underway in the media marketplace and examining what impact such changes may have for Commission policies, while vigorously protecting the First Amendment.”

The Commission issued a Public Notice posing preliminary questions that the FCC will consider as it prepares a report on the future of media in the digital age later in 2010. Initial topics under consideration include: the state of TV, radio, newspaper, and Internet news and information services; the effectiveness and nature of public interest obligations in a digital era; the role of public media and private sector foundations; and many others. The initiative will not include any effort to control the editorial content of any type of media.

The FCC also launched a preliminary Web site that will serve as an arena for public discussion on the future of media and any public policy recommendations. At launch, the Web site includes a forum for citizens and experts to weigh in on key questions, and an area for consumers to describe the health of, or problems with, media in their communities.

The public can participate in the proceeding via the traditional comment filing system, as well as the Future of Media Web site, www.FCC.gov/FutureofMedia. All comments will be deemed part of the official record. The Commission will conduct interviews, review existing studies and hearing records, and may hold public workshops or hearings to elicit feedback and participation.


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FCC ISSUES ORDER PROMOTING COMPETITION IN THE VIDEO DISTRIBUTION MARKET

Posted by Andrew | Media and Entertainment, Technology | Thursday 21 January 2010 1:14 pm

Washington, D.C.: The Federal Communications Commission today took an important step toward promoting competition and innovation in the video distribution market by establishing a process for considering, on a case-by-case basis, complaints about the availability of terrestrially delivered, cable- affiliated programming, addressing what is commonly referred to as the “terrestrial loophole.” These new rules allow DBS providers, telcos and other competitors to obtain more of the “must have” programming they need to offer viable alternative video packages to consumers and an opportunity to file complaints if the programming is withheld. The Order promotes competition, fosters innovation and empowers consumers, all while creating a fair process for the Commission to handle pending and new claims in a speedy and just manner.

The Order concludes the Commission has authority under Section 628(b) of the Communications Act to take action if a cable operator engages in unfair acts with respect to terrestrially delivered, cable- affiliated programming that significantly hinder a multichannel video programming distributor from providing satellite cable programming to consumers. The Commission adopts a rebuttable presumption that an unfair act involving a terrestrially delivered, cable-affiliated regional sports network has the purpose or effect set forth in Section 628(b). The Order adopts rules permitting complainants to pursue program access claims similar to the claims they may pursue involving satellite-delivered, cable-affiliated programming. Because the claims involving terrestrial programming require an additional factual inquiry regarding whether the unfair act significantly hinders the complainant from providing satellite cable programming to consumers, additional time will be given to present rebuttal information.

The Commission has before it a number of specific complaints alleging that cable operators have significantly hindered competition by withholding from their rivals terrestrially delivered regional sports networks. The Order does not decide those complaints but describes how they can be handled going forward. It provides that complainants may continue to pursue their complaints as filed. If, instead, a complainant wants a currently pending complaint to be considered under the new rules, it may submit a supplemental filing alleging that the defendant has engaged in an unfair act after the effective date of the rules. The Order also establishes procedures for the Commission’s consideration of requests for a temporary standstill of the price, terms, and other conditions of an existing programming contract by a program access complainant seeking renewal of such a contract.

Action by the Commission January 20, 2010, by Report and Order (FCC 10-17). Chairman Genachowski; Commissioners Copps, Clyburn, and Baker issuing separate statements. Commissioner McDowell dissenting and issuing a statement. MB Docket No. 07-198.

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Rumor Mill: Walmart buying Vudu ?

Posted by Andrew | Media and Entertainment, Technology | Thursday 14 January 2010 6:33 am

Is Wallmart attempting to enter the TV space again by buying VUDU ? According to All things Digital Vudu is in “meaning full talks” with Wallmart.

The Santa Clara based Vudu has raised over $21M from Benchmark Capital and Greylock Partners, the company started marketing an Internet connected set top box that was plugged into your TV. The product was expensive and despite the exceptional near Blue Ray quality of its HD encodes, it failed to wow the market. The company has switched to an embedded strategy and now is focused on building into TV’s and DVD players.

This once market leader now has some serious competition from Netflix, Boxee and AppleTV etc. The company has some great technology in the compression and P2P architecture which can cut the costs of delivery for the service.

It’s previous marketing strategy had been to attempt distribution through small independent telecom companies, the Wallmart distribution might make the difference.

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Faster encoding with Rackspace

Posted by Andrew | Media and Entertainment, Technology | Wednesday 13 January 2010 5:13 am

Rackspace Hosting (NYSE:RAX), today announced that Encoding.com, the popular Internet-based video encoding provider, now relies on Cloud Servers, Rackspace’s enterprise-class IaaS offering, to support its rapidly growing computing and hosting needs. Using the power of Cloud Servers, Encoding.com expects to increase the average speed at which it can deliver studio-quality video encoding services to its users by more than two-fold without incurring more hosting costs.

“With their Fanatical Support, rapid response and personal attention, The Rackspace Cloud helps us focus on what we know best – video encoding.”

Launched in September 2008, Encoding.com was one of the first companies to introduce a cloud-based, Software-as-a-Service (SaaS) solution for video encoding. Encoding.com’s business model is to provide guaranteed turn-around times for encoding services at a fraction of the cost of in-house encoding. The company is said to have encoded more than three and a half million videos to date including a recent peak of 100,000 videos in just one weekend. Using this on-demand approach to high quality video encoding has driven the company’s growth and attracted noted customers such as MTV Networks, CarDomain and Brightcove.

“We offer a studio-class service at industry-leading encoding speeds with guaranteed service level agreements. We need a cloud solution that is powerful, dynamic and stable,” said Jeff Malkin, chief operating officer, Encoding.com. “With their Fanatical Support, rapid response and personal attention, The Rackspace Cloud helps us focus on what we know best – video encoding.”

Each Cloud Server comes with a specific amount of guaranteed CPU power. However, Cloud Servers customers can take advantage of extra processing power – at no additional cost – if and when the host machines are below their peak load. This unique “CPU bursting” capability of Cloud Servers can result in two significant benefits for Encoding: 1) faster service for their customers, and 2) reduced computing costs because of their ability to consume more processing power during peak times without incurring an additional fee.

The Disk and CPU efficiency of the two leading IaaS cloud computing platforms were recently analyzed through research commissioned by Rackspace and conducted by The Bitsource, a technology research lab. The results of The Bitsource analysis highlight important advantages of utilizing Cloud Servers from The Rackspace Cloud.

The performance, ease of use, and reliability of The Rackspace Cloud helps Encoding.com to meet its SLA commitments (such as never letting a video sit in a queue for more than four minutes). With the flexibility that Cloud Servers offers to burst, companies like Encoding.com are more able to deliver an improved experience to their customers without increasing costs.

“We are finding that customers are not choosing us for performance alone,” said Emil Sayegh, general manager, The Rackspace Cloud. “A broad range of companies – from innovative start-ups like Encoding.com to large enterprises – are choosing The Rackspace Cloud because of our comprehensive, worry-free approach to cloud computing so that customers can focus on what they do best. We take great care to help our customers with their total hosting experience which starts with our human touch known as Fanatical Support, and extends to optimal system performance, uptime, and ease of use.”

About Encoding.com

Encoding.com is the leading global provider of studio-class video services for websites offering user-generated and premium video, delivering over 3.5 million encoded videos. Encoding.com makes transcoding video into all popular formats easy, cost-effective and instantly scalable for global enterprises and SMBs. As the first and only encoding service offering service level agreements, Encoding.com removes the necessity for its customers to make heavy investments in expensive hardware / software solutions and overhead required to manage high-volume video transcoding needs and backs it with a wait-time service level guarantee. In 2008, the start-up was named one of seven finalists for the AWS Start-Up Challenge. This Software-as-a-Service (SaaS) business is based in Denver, Colorado and San Francisco, California. For more information about Encoding.com, visit http://www.Encoding.com.

About The Rackspace Cloud

The Rackspace Cloud provides on-demand scalable website, application, and storage hosting backed by Fanatical Support®. Through its suite of cloud solutions, Cloud Sites™, Cloud Files™ and Cloud Servers™, The Rackspace Cloud enables astute developers and IT managers to minimize the hassles, upfront investments, and high costs associated with dedicated hardware while offering the ability to easily scale hosting resources. For more information about The Rackspace Cloud, visitwww.rackspacecloud.com or call 1-877-934-0409.

About Rackspace Hosting

Rackspace Hosting is the world’s leader in hosting and cloud computing and is ranked #43 on FORTUNE Magazine’s 100 Best Companies to work for in the United States for 2009. Rackspace provides its customers with Fanatical Support ® in delivering their portfolio of hosted IT services, including Managed Hosting, Cloud Computing and Email and Apps. For more information, visit www.rackspace.com

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Netflix coming to the Wii this spring

Posted by Andrew | Media and Entertainment, Technology | Wednesday 13 January 2010 5:01 am

Nintendo of America Inc. and Netflix, Inc. [Nasdaq:NFLX] today announced an agreement that will allow Netflix members who are also owners of Nintendo’s Wii home console to instantly watch thousands of movies and TV episodes streamed from Netflix directly to their TVs. Netflix is scheduled to go live on the Wii console this spring in the United States at no additional cost to Netflix members who have a plan starting at $8.99 a month, a Wii console and a broadband Internet connection.

“Our research shows that 86 percent of all U.S. Wii consoles are located in the living room”

The partnership between the two companies will extend the reach of content streamed from Netflix farther than ever before, thanks to the mainstream popularity of the Wii console. Wii remains the fastest-selling home console in history, and reaches more consumers than any other device that currently supports streaming movies from Netflix. In December 2009, Nintendo sold well in excess of 3 million Wii consoles in the United States. Wii is the top-selling home video game system of this generation, and as such brings the Netflix experience to a broad and diverse mass market.

“Our research shows that 86 percent of all U.S. Wii consoles are located in the living room,” said Nintendo of America President Reggie Fils-Aime. “The Wii console is the social hub around which friends and family members gather to play games and have fun. Soon both new and longtime Wii owners will enjoy the benefits of Netflix – and a variety of informational and entertainment options – by being Netflix members and connecting their consoles to the Internet.”

“Our goal is to offer Netflix members as many ways as possible to watch movies and TV episodes streamed from Netflix right to their TVs and to give non-members more and compelling reasons to consider the service,” said Netflix co-founder and CEO Reed Hastings. “Joining forces with Nintendo, which has been so immensely popular with consumers since its introduction, is a very meaningful step in that direction.”

With 11.1 million U.S. subscribers as of Sept. 30, 2009, Netflix continues to expand the ways in which its members can watch movies and TV shows streamed directly to TVs via a range of Netflix-ready devices such as the Wii console. Netflix memberships start as low as $8.99 a month, and members also can receive unlimited DVDs delivered quickly to their homes. At the same time, consumers continue to demonstrate a preference for Wii consoles, which offer tremendous value, whether measured in fun games, shared experiences or the suggested retail price of just $199.99.

To enable their systems to stream content from Netflix, Wii owners will need a Netflix instant-streaming disc for the Wii console, which will be available at no additional cost to Netflix subscribers. The free disc looks and operates the same as a disc-based Wii game, and the entire user experience will feel natural and intuitive to Wii console owners. Netflix members and Wii console owners can now reserve a free instant-streaming disc by going to www.netflix.com/Wii. Once available in the spring, the discs will be delivered for free by first-class mail.

When the instant-streaming disc is inserted into a member’s Wii system, an array of movie and TV choices will be displayed right on their TV screen. These titles will be conveniently organized into a variety of categories based on members’ personal preferences and will include popular genres, new arrivals and members’ individual instant Queues. Using the Wii Remote controller, members will be able to choose a movie or TV episode to watch from their instant Queues or pick one directly from any of the lists. They will also have the ability to read synopses and rate movies, and will have the option of fast-forwarding and rewinding their selection.

Netflix adds another dimension to the Wii console’s diverse online features, which range from downloadable new and classic games in the Wii Shop Channel, to online multiplayer gaming with games like Mario Kart Wii, to video highlights and information about titles for the Wii and Nintendo DS systems via the Nintendo Channel.

About Nintendo

The worldwide pioneer in the creation of interactive entertainment, Nintendo Co., Ltd., of Kyoto, Japan, manufactures and markets hardware and software for its Wii, Nintendo DS and Nintendo DSi systems. Since 1983, when it launched the Nintendo Entertainment System, Nintendo has sold more than 3.2 billion video games and more than 535 million hardware units globally, including the current-generation Wii, Nintendo DS and Nintendo DSi, as well as the Game Boy, Game Boy Advance, Super NES, Nintendo 64 and Nintendo GameCubesystems. It has also created industry icons that have become well-known, household names such as Mario, Donkey Kong, Metroid, Zelda and Pokémon. A wholly owned subsidiary, Nintendo of America Inc., based in Redmond, Wash., serves as headquarters for Nintendo’s operations in the Western Hemisphere. For more information about Nintendo, visit the company’s Web site at www.Nintendo.com.

About Netflix, Inc.

Netflix, Inc. (NASDAQ:NFLX) is the world’s largest online movie rental service, with more than 11 million subscribers. For only $8.99 a month, Netflix members can instantly watch unlimited movies and TV episodes streamed to their TVs and computers and can receive unlimited DVDs delivered quickly to their homes. There are never any due dates or late fees. Netflix members can exchange DVDs as often as they want using a postage-paid return envelope. Members can choose from a vast selection of DVD titles and a growing library of movies and TV episodes that can be watched instantly. Netflix is partnering with leaders in consumer electronics to bring to market a range of devices that can instantly stream movies and TV episodes from Netflix directly to members’ TVs. These devices currently include Blu-ray disc players and Internet TVs from LG Electronics; Blu-ray disc players from Samsung, Sony and Best Buy’s Insignia brand; the Roku digital video player; Microsoft’s Xbox 360 game console; Sony’s PS3 computer entertainment system; TiVo digital video recorders; and Internet TVs from Sony and, soon, VIZIO.

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Wizzard Media Announces Record-Breaking 1.4 Billion Podcast Downloads in 2009

Posted by Andrew | Media and Entertainment, Technology | Tuesday 12 January 2010 1:41 pm

PITTSBURGH–(BUSINESS WIRE)–Wizzard Media (NYSE Amex: WZE), the world’s largest podcasting network, today announced that it recorded an unprecedented 1.4 billion podcast download requests in 2009. Wizzard Media, through its premier podcast-hosting service Libsyn, received an average of 3.77 million requests for podcast episodes per day in 2009. On average, 23 minutes per episode equates to almost 1.5 million hours of programming distributed worldwide every day.

“A few days into 2010 and we’re announcing a new record for downloads, 18 million unique monthly audience count and the expansion of our Apps to the new Apple Tablet, Google Android and Palm WebOS”

In mid-2009, Wizzard Media introduced a new monetization product for its 12,000+ podcast publishing customers with the launch of an iPhone® Podcast App. The newly launched podcast companion App for popular podcasts on the Wizzard Media Network offers audiences access to their favorite podcast directly on their iPhone or iPod® Touch, bonus episodes and other content and new social communication features such as Twitter and Facebook, creating an unprecedented level of audience entertainment.

Analysts project the App market to be a $1.0 billion market today, headed for $4.0 billion by 2012. With the new Apple Tablet expected soon and the recent launch of the iPhone in China, Wizzard’s management believes the number of people using iPhones and iPod Touch type devices to consume podcasts and interact with Apps will continue to grow well beyond the current 50 million user-base. To date, Wizzard Media has launched 153 iPhone Apps with top podcast Apps on the Wizzard Network having now converted approximately 22% of their audience from free, to paid, in the first 150 days since launch.

In anticipation of the expected announcement this month from Apple, Wizzard today outlined its plans to fully support the new tablet device. The Company is committed to ensuring compatibility for all Wizzard Apps in order to work with and take full advantage of the device’s strengths. Wizzard believes that this device has the game changing ability to take the position of primary media and communication device formerly occupied by netbooks and laptops.

“We expect the new Tablet Device to extend the current iTunes® App Store ecosystem,” says Dave Mansueto, co-founder, Wizzard Media. “The iTunes App Store represents the most mature platform for monetization of our publisher’s content and no other App store currently offers the In-App purchase model that we intend to take full advantage of in the coming weeks.”

Additionally, Wizzard released a road map to expand its App offering beyond iTunes to the Google Android and Palm WebOS platforms starting in the first quarter of 2010. “With the early success of the Droid and the impact of the newly launched Nexus One, we feel the Android platform has already proven itself to be a robust mobile media and entertainment platform and Palm’s WebOS offering continues to refine with updates to its software and expansion to multiple carriers,” continues Mansueto.

“We know there is strong demand for the podcasts we distribute seeing downloads grow from 400 million to 1.4 billion in the last few years and monthly audiences grow from 4 million to 18 million,” says Laurie Sims, President of Wizzard Media. “Now, podcasting becomes a platform that converts audiences to revenue, accelerated by the micropayment billing process that Apple has created with the App store. Unlike most Apps in the App store, podcasters have a distinct advantage to successfully market their App in iTunes due to the fact that they have already built a substantial audience for their podcast show over the last several years. Now it is just a matter of continuing to convert them over and expand the model to the Tablet, Andriod and Palm.”

“A few days into 2010 and we’re announcing a new record for downloads, 18 million unique monthly audience count and the expansion of our Apps to the new Apple Tablet, Google Android and Palm WebOS,” says Chris Spencer, Wizzard CEO. “With our top Apps already reaching 22% audience conversion rate, the recent expansion of our advertising platform inventory to include Apps, a strong holiday sales season for our acquired Apps and having just completed our best quarter ever for advertising impressions (4th quarter 2009), we believe this can be a big year for Wizzard

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MySpace, Wall Street Journal and the World Economic Forum to Send One MySpace User to Davos as ‘Citizen Journalist’

Posted by Andrew | Media and Entertainment, Technology | Saturday 19 December 2009 8:32 am

LOS ANGELES–(BUSINESS WIRE)–MySpace today announced its second annual “MySpace Citizen Journalist” program in partnership with The Wall Street Journal and the World Economic Forum, giving one MySpace user the opportunity to become a special correspondent at the world’s most prestigious conference, the World Economic Forum Annual Meeting 2010 in Davos-Klosters, Switzerland. The “MySpace Citizen Journalist” winner, chosen by a panel of experts, will join the Davos press corps and leverage the MySpace platform to report on conference news and interview world leaders about issues relevant to the global MySpace community. This year MySpace will expand the contestant pool and accept entries from users in the United States and the United Kingdom.

“We’re pleased to offer one MySpace user the assignment of a lifetime”

“We’re pleased to offer one MySpace user the assignment of a lifetime,” said Owen Van Natta, CEO of MySpace. “MySpace, The Wall Street Journal and the World Economic Forum are providing the unique opportunity to allow one user to experience one of the world’s most thought provoking events from the front row. The bar was set incredibly high last year and we’re thrilled to see what exceptional entries we receive this year.”

The “MySpace Citizen Journalist” competition encourages users in the US and the UK to upload a video at http://www.myspace.com/myspacejournal explaining why they should be chosen to travel to Davos and represent the global MySpace community as the special correspondent. A panel of expert judges including Robert Thomson (Managing Editor of The Wall Street Journal), Adrian Monck (Managing Director and Head of Communications of the World Economic Forum), Owen Van Natta (CEO of MySpace), Rebekah Brooks (CEO of News International) and Rebecca McQuigg (2009 winner of “MySpace Journal” contest) will select the winner while the MySpace community rates their favorite submissions.

Applicants must explain why they deserve to report from the World Economic Forum’s Annual Meeting in Davos as well as answer one of the below questions:

  • Name two issues – one global and one local – in which you’ve been actively engaged over the past year. What have they taught you about your impact in the world?
  • Which country caught your attention most this year? What are the primary issues facing its citizens and how would you resolve them?
  • What pressing global issue has been underreported? Why is the international community neglecting the topic? How would you draw attention to mobilize support?

“Recognizing the continued influence of social media, the World Economic Forum has extended a call to action to our online community at MySpace. This year’s theme, ‘Improve the State of the World: Rethink, Redesign, and Rebuild,’ represents the diversity of voices at Davos, and we are thrilled that MySpace users can play such a large part,” said Adrian Monck, Head of Communications of the World Economic Forum.

“MySpace Citizen Journalist” winner will receive:

  • All expenses paid travel to/from Davos, Switzerland
  • Invitations to the Young Global Leaders opening conference and various media events
  • Attendance at private meetings with editors from The Wall Street Journal and News Corp executives
  • The opportunity to document the experience in written and video blogs on MySpace and The Wall Street Journal online
  • Syndication of their MySpace blog via WSJ.com

“MySpace Citizen Journalist” winner will submit daily blogs and video logs documenting their Davos experience via http://www.myspace.com/myspacejournal. The winner will upload conference pictures and interact with other reporters on-site including top Wall Street Journal reporters and the hundreds of global leaders attending the event.

For more information on the “MySpace Citizen Journalist” competition please visit http://www.myspace.com/myspacejournal.

About MySpace

MySpace is a technology company connecting people through personal expression, content, and culture. MySpace empowers its global community to experience the Internet through a social lens by integrating personal profiles, photos, videos, mobile, messaging, games, and the world’s largest music community. MySpace is a division of News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV). For more information, visit our press room.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6123746&lang=en

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AT&T announces IPTV subscriber base 2 Million and Growing.

Posted by Andrew | Media and Entertainment, Technology | Friday 11 December 2009 6:08 am

AT&T revealed yesterday at UBS 37th Annual Global Media and Communications Conference that it has surpassed the two million subscriber mark for its IPTV U-Verse service.

AT&T added 240,000 new U-Verse TV customers in Q3 09. 

Verizon announced yesterday that it’s on track to exceed its one million subscriber addition goal for 2009 for FiOS TV.

In a webcast of the event Ralph de la Vega, chief executive officer of AT&T Mobility and Consumer Markets during the conference said ”This has been an outstanding year for U-verse, and we’re glad that customers are responding to the value, choice and simplicity we’re adding to this service. Customers love that they can get a complete and integrated quad-play of services with U-verse, and that’s why we continue to enhance our entire bundle with new apps and more broadband choices. We’ve shown what we can do with our advanced IP platform, and we’re not done yet.”

These strong subscriber number growth demonstrate that bundled services are the key to competing with cable operators who are in the process of targeting the RBOC territories with enhanced DOCSIS 3.0 service.

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