Qtrax Cancels Dec. 24 Press Event; Promises January Launch

0

New York
– Qtrax, an ad-supported music download service in the works for years that has
been plagued with launch delays, canceled a press event on Dec. 24 due to a
hospitalization of its CEO with kidney stones, according to a post on the
company’s blog.

The company, which made headlines in 2008 for announcing its
launch before it had secured licenses from the major labels, now says it will
launch in January without any press event.

"What were we going to say [at
the Dec. 24 press conference]? Pretty simple really. That we were finally
launching in January. Are we? Yes. Have we been wrong before? Humiliatingly, yes.
Will be wrong this time? No," the company wrote.

"Given the turn of
events, we’ve also decided, no need for another conference- we’ll just launch.
Let the fanfare follow rather than precede."

The company also recently stumbled out of the gate with a planned launch in Australia.

"Music ingestion Down Under is taking a little longer than expected. We will be up & running in the coming days," reads a note on the company’s website.

 

Related Links:
http://qtrax.wordpress.com/2009/12/24/a-note-from-the-qtrax-team/

Imeem to Pay The Orchard $1.77M in Copyright Judgment

1

Los Angeles
– Streaming music service imeem, which recently sold certain assets to News
Corp.’s (NYSE: NWS) MySpace, has been hit with a $1.77 million copyright infringement
judgment, GigaOM reported.

The suit was originally filed by digital music
distributor The Orchard (NASD: ORCD) in October, and the default judgment was issued by U.S.
District Judge Denny Chin on Dec. 17 after imeem failed to appear in court.

A
spokesperson for MySpace, which is rumored to have paid less than $1 million
for imeem, told GigaOM that the company was not involved in the lawsuit.

MySpace’s acquisition included only "certain assets" of imeem, which apparently
did not include thousands in royalty payments owed to independent artists.

GigaOM speculated that the deal could also have been structured by MySpace to
include only assets that "were not being sued."

 

Related Links:
http://snipurl.com/tys2q

(GigaOM)

http://snipurl.com/tys6c
(DMW previous coverage)

http://www.theorchard.com

http://www.imeem.com

Scvngr Nabs $4 Million for Location-based Mobile Games

0

Boston
– Scvngr, a Boston-based developer of mobile software technology, has raised $4
million in its second round of venture capital, according to a new filing with
the Securities and Exchange Commission.

Investors in the deal include Google (NASD: GOOG)
and Highland Capital Partners.

Scvngr was founded in 2008. Its technology was
originally developed at Princeton
University, and is
designed to help users develop, manage and deploy interactive location-based
mobile games and tours and experiences.

 

Related Links:
http://snipurl.com/tyrz5

http://www.scvngr.com

Audio Ad Technology Firm Jingle Networks Raises $6.8 Million

1

Billerica,
Mass.
– Jingle Networks, a provider
of voice advertisement serving technology for telephone directory assistance
providers, has raised about $6.8 million in a round of venture capital,
according to a new filing by the company with the Securities and Exchange
Commission.

Billerica, Mass.-based JingleConnect allows advertisers to feed
targeted offers to directory assistance callers during hold times or transfers
on its publisher network.

Investors in the company include Goldman Sachs, First
Round Capital, Hearst, and Liberty Associated Partners.

 

Related Links:
http://snipurl.com/tyryu

http://www.jingleconnect.net

Report: eMusic Mulls Sale; Best Buy, Rhapsody Among Suitors

0

New York
– The investment firm that owns digital music service eMusic is exploring a
possible sale of the company, and has spoken with potential suitors including
Best Buy and RealNetworks’ Rhapsody, The New York Post reported.

The company is
owned by Dimensional Associates, a unit of investment firm JDS Capital
Management.

"We’re opportunistic stewards of capital," eMusic CEO
Daniel Stein told the Post. "If an offer was made that created value for
our shareholders, we’d listen to it."

In addition to a sale, the company
is reportedly considering recapitalization, as well as adding a streaming
component to its core subscription-based download service offering.

A rash of
acquisitions has recently hit the streaming music service market, as News
Corp.’s MySpace acquired iLike and imeem, and Apple purchased Lala.

The Post
cited sources who said that eMusic is generating $65-$70 million in annual
revenues from some 400,000 subscribers, and is not in dire financial straits.

The company had long catered mainly to fans of independent music and genres
like classical and jazz, but recently signed a deal to include major label Sony
Music’s catalog.

The Post reports that eMusic is close to signing similar back
catalog deals with two of the remaining three major labels.

 

Related Links:
http://snipurl.com/tyrek

(New York Post)

http://www.emusic.com

Report: Jan. 27 Apple Media Event Sparks Tablet Speculation

0

San Francisco – Adding fuel
to the rumor mill surrounding the expected introduction of a tablet PC from
Apple (NASD:  AAPL), the company has scheduled a media event for Wednesday, Jan. 27 in San Francisco, sources
told All Things Digital. While the sources did not provide details on what
Apple planned to launch at the event, the Financial Times and other outlets
have published reports corroborating that Apple will hold a media event later
this month.

However, the rumor mill had also previously speculated that Apple’s
tablet device would likely not be introduced until March.

 

Related Links:
http://snipurl.com/tyr3u

(All Things D)

http://blogs.ft.com/techblog/2009/12/exclusive-apple-to-host-event-in-january/

http://www.nytimes.com/2010/01/04/arts/04iht-design4.html

http://snipurl.com/tyrk3
(FoxNews.com)

News Corp.'s IGN Sells Rotten Tomatoes to Flixster

0

San Francisco
– News Corp.’s (NYSE: NWS) IGN Entertainment unit announced on Monday that it has sold its
movie review aggregation website Rotten Tomatoes to rival Flixster.

Financial
terms of the transaction were not disclosed, although IGN will receive a
minority equity stake in Flixter as part of the deal.

The companies had
recently partnered to syndicate Rotten Tomatoes’ aggregated reviews on
Flixster’s website and mobile applications.

Founded in 2006, Flixster counts
more than 20 million monthly users, and boasts the most popular movie-related
application for Apple’s iPhone.

The companies said that they will command a
combined audience of around 30 million monthly visitors, and offer a database
of half a million reviews from critics alongside 2.3 billion user-generated
ratings and reviews.

News Corp. also recently sold off its Photobucket
photo-sharing service tol Ontela.

 

Related Links:
http://snipurl.com/tyrdb

http://www.rottentomatoes.com

http://www.flixster.com

Graphic.ly Gets $1 Million for Digital Comics Delivery Platform

0

Boulder,
Colo.
– Graphic.ly, a digital
comic book publisher and community platform, announced on Monday that it has
raised more than $1 million in first round funding, led by DFJ Mercury.

Other
investors included Liberty Media’s (NASD: LINTA) Starz Media, Northstar Equity Investors,
GC&H Investments, and individual investors David Cohen, Chris Sacca, Jake
Nickell, Paige Craig and Dave McClure.

Boulder,
Colo.-based Graphic.ly, formerly known as TakeComics, was part of the 2009
Techstars program.

The company offers a digital content delivery system for
publishers of comics and other content.

Graphic.ly will use the funds to expand
development and marketing efforts, and to develop content partnerships.

 

Related Links:
http://www.graphic.ly

WebMediaBrands Acquires Digital Media Trade Shows

0

New York – WebMediaBrands,
a business publisher and events producer whose titles include MediaBistro.com,
announced on Monday that it has acquired the social media tradeshows Social
Gaming Summit, Virtual Goods Summit and iGames Summit.

Under the terms, WebMediaBrands
acquired all of the equity of 3rd Power, organizer of the events, from Charles
Edward Hudson.

The deal also includes several new tradeshows due to be launched
this year.

Financial details were not disclosed.

Hudson will become a consultant to
WebMediaBrands.

"3rd Power’s social media tradeshows are leaders in their
respective areas of coverage," said WebMediaBrands chairman and CEO Alan
M. Meckler.

"We expect these shows to continue their growth trajectories
and we plan to add east coast and European versions in 2010."

 

Related Links:
http://snipurl.com/tyqul

http://www.webmediabrands.com

Seesmic Buys Social Network Update Aggregator Ping.fm

0

San Francisco
– Seesmic, the provider of a social networking application that integrates
Twitter and Facebook feeds, announced on Monday in a blog post that it has
acquired Ping.fm, a provider of social network aggregation that lets users
update up to 50 social networks at once.

Financial terms of the transaction
were not disclosed.

San Francisco-based Seesmic said that Ping.fm angel investors
Joi Ito, Reid Hoffman and Mohamed Nanabhay will become shareholders in the
company.

Ping.fm co-founders, Adam Duffy and Sean McCullough will join the
Seesmic team and work to integrate Ping’s features
into the Seesmic platform.

Ping.fm currently counts over 500,000 active users, who
post more than 200,000 updates daily on the service.

 

Related Links:
http://snipurl.com/tyqpj

http://www.seesmic.com/

http://ping.fm