Viacom’s MTV, Warner Music Partner on Digital Ad Sales

New York -
Viacom’s (NYSE:VIA) MTV Networks on Wednesday announced a broad, multi-year advertising partnership
with major record label Warner Music Group (NYSE:WMG). The deal will give MTV Music Group
exclusive rights to sell ads around Warner premium music video content in the
U.S. across MTV online and mobile services, as well as on Warner’s network of
artist sites and third-party affiliate sites. Read the rest of this entry »

Hulu Debuts $10-per-Month Hulu Plus Subscription Service

Los Angeles - Hulu, the video portal joint venture between
News Corp. (NYSE:NWS), NBC Universal (NYSE:GE) and Disney (NYSE:DIS), on Tuesday launched a preview of Hulu
Plus, a $10-per-month subscription service that will offer full current seasons
of TV programs from ABC, Fox and NBC across a range of devices. Hulu Plus
supports PC, Mac (NASD:AAPL), iPad, iPhone, and Samsung Blu-ray players at launch, and will
eventually be extended to Sony’s (NYSE:SNE) PlayStation 3, Bravia TV line and Blu-ray
players, as well as Microsoft’s (NASD:MSFT) Xbox 360. Read the rest of this entry »

Report: Elevation Invests Another $120 Million in Facebook

Palo Alto, Calif. - Elevation Partners, the investment firm
co-founded by U2 lead singer Bono, has significantly increased its stake in social
networking giant Facebook, TechCrunch reported on Monday. Citing a letter to
the firm’s limited partners, the blog reported that Elevation has bought
another five million shares of the company for $120 million on the secondary
market. Read the rest of this entry »

Report: Hulu May Test Paid Subscription Service This Month

New York
- Hulu, the online video portal joint venture between NBC Universal (NYSE:GE), News Corp. (NYSE:NWS)
and Disney (NYSE:DIS), may begin testing a paid subscription service next week, The Wall
Street Journal reported, citing people briefed on the plans. Read the rest of this entry »

Facebook Hires White House Advisor for Public Policy Role

Palo Alto,
Calif. -
Facebook has hired away
the White House’s chief of staff of its National Economic Council, Marne
Levine, to become its new vice president of global public policy, The
Washington Post reports. Levine will oversee Facebook’s interaction with
governments and NGOs worldwide, Facebook said in a statement. Read the rest of this entry »

Extreme Reach Raises $9 Million for Digital Video Ads

Needham,
Mass. -
Extreme Reach, a provider
of digital video advertising distribution services, announced on Wednesday that
has closed a $9 million second round of financing, led by Village Ventures. Read the rest of this entry »

Extreme Reach Raises $9 Million for Digital Video Ads

Needham,
Mass. -
Extreme Reach, a provider
of digital video advertising distribution services, announced on Wednesday that
has closed a $9 million second round of financing, led by Village Ventures. Read the rest of this entry »

Social Games Publisher Playdom Nabs $33 Million

Mountain View, Calif. - Social games
publisher Playdom announced on Tuesday that it has raised $33 million in new
venture capital financing. Read the rest of this entry »

Report: Facebook 2009 Revenues Estimated at $800 Million

San Francisco - Facebook made "tens of millions"
of profit last year, with revenues estimated at nearly $800 million, Reuters
reports, citing two sources familiar with the situation. The figures are
significantly higher than prior estimates — board member Marc Andreessen
pegged last July pegged revenues at $500 million, while projections made in
media reports reached as high as $700 million. Read the rest of this entry »

Privacy Groups Urge Facebook to Provide More User Control

San Francisco - Despite Facebook’s recent efforts to improve
and clarify its privacy policies, the ACLU of Northern California, the
Electronic Frontier Foundation and eight other privacy groups have published an
open letter to the social network, outlining six additional steps the company
should take to give users more control over their personal data. The groups ask
Facebook to allow users to decide which applications can access their personal
data; make "instant personalization" an opt-in service; and use HTTPS
connections for all interactions by default, among other steps. Read the rest of this entry »

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