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Icahn Sells Blockbuster Shares, Reducing Stake to 2.5%

Dallas - Activist investor Carl Icahn has sold 75% of his holdings in video rental store chain Blockbuster (NYSE: BBI), Seeking Alpha reports. Icahn sold some 14 million...

Vidyo Lands $25 Million for Videoconference Platform

Hackensack, N.J. - Vidyo, a provider of videoconferencing services, announced on Thursday that it has raised $25 million in its third round of venture capital financing. Four...

Hulu Debuts First Exclusive Film Premiere

Los Angeles - Hulu, the video portal joint venture between NBC Universal, News Corp. and Disney, is currently offering its first feature-length narrative film to premiere exclusively...

Studios to Sue 50,000 Movie Downloaders

Los Angeles - A coalition of independent film producers, under the auspices of a group calling itself the U.S. Copyright Group, has filed suit against more...

YouTube to Debut Redesign of Video Pages

San Bruno, Calif. - Google's (NASD:  GOOG) YouTube on Wednesday plans to introduce what the company is calling one of the "biggest redesigns in YouTube history." Among...

Time Warner Cable Offers YES Network Live Yankees Streaming

New York - YES Network, a regional sports network that has the rights to offer live streaming of New York Yankees baseball games, has signed a...

EQAL Buys Out VC Investor Spark Capital

Santa Monica, Calif. - EQAL, the digital production firm that created "Lonelygirl15," has bought out investor Spark Capital just two years after receiving a $5 million investment...

Warner Bros. Seeking Anti-Piracy Student Interns

London - Time Warner's (NYSE: TWX) Warner Bros. Entertainment UK unit is soliciting the help of student interns to help it monitor file-sharing networks and engage in...

YouTube to Alter Comments System, Improve Video Ratings

San Bruno, Calif. - Google's (NASD: GOOG) YouTube this week announced some changes to the commenting system on its site, which NewTeeVee noted "trends toward attracting the lowest...

Report: RapidShare Seeking Legal Download Talks With Studios

Los Angeles - RapidShare, the online file-hosting service that has come under fire from copyright holders for hosting unauthorized content, has sought negotiations with media company executives...