Roku Inc. has received $45 million in strategic investment from major media companies News Corp. and British Sky Broadcasting (BSkyB) along with returning investors Menlo Ventures and Globespan Capital Partners.

Further demonstrating belief in the platform’s potential, Ben Silverman's Electus today confirmed that Bruce Seidel has been named CEO of the multimedia entertainment studio’s upcoming food-centric YouTube channel.

San Francisco - Seesmic, a developer of applications that monitor social networks across mobile devices, announced on Tuesday that it has received a $4 million investment...

Minneapolis, Minn. - BringMeTheNews, a provider of news aggregation and also a producer of radio newscasts, has raised $1 million in funding from The Dolan Company...

SnagFilms intends to be the go-to brand for independent films, and it just took further steps in that direction with newly unveiled distribution platforms, the launch of new social media and mobile applications, and several new executive hires.

Tagged has purchased hi5, a transaction that brings together two companies that each have a different spin on social networking: Tagged is designed for meeting new people based on shared interests, while hi5 integrates games and highlights premium content.

Santa Monica, Calif. - Vokle, a developer of video conferencing technology, has raised $542,000 in debt financing and convertible notes, part of an expected $1 million...

Roblox has signed up to make Stardoll Media its exclusive global commercial advertising representative, bringing millions of boys and girls toegther – at least as far as marketers are concerned.

San Francisco - Roblox, a gaming site for kids, announced on Tuesday that it has raised $4 million in a second round of venture...

Mountain View, Calif. - Playdom, a developer of social games for Facebook and MySpace, said on Wednesday that it has acquired Argentina-based online game developer Three Melons. ...