Women-Focused Network Glam Media Raises $50 Million
New York
– Glam Media, a publisher of women-focused websites and operator of a
corresponding ad network, announced on Tuesday that it has raised $50 million
in a fifth round of funding, led by Aeris Capital.
Existing investors Hubert
Burda Media and Mizuho Capital also participated in the round.
Glam Media’s
network of 1,400 sites reaches 72 million unique monthly users in the U.S. and 160
million globally, according to comScore data.
The company said it will use the
new funding to open a digital media technology center; invest in new
international markets; launch new audience-based vertical channels; build an
alternative to portals for top brand advertisers; and for strategic
acquisitions.
Related Links:
http://snipurl.com/u9850
File-sharing News Blog p2pnet to Shutter
Los Angeles
– The publisher of p2pnet, a site covering file-sharing and the online
entertainment industry, announced in a blog post on Tuesday that he will
shutter the site after nearly ten years.
"I’ve tried various offline ways
to raise money to keep p2pnet going but half-an-hour ago I learned my last hope
had gone down the tubes," wrote publisher Jon Newton, who noted his yearly
budget is about $40,000.
"If anyone’s interested in either buying in to
p2pnet for up to 49%, or perhaps merging with me, please let me know," Newton added.
"For
myself, my first priority will be to find a way to pay the mortgage and keep
food on the table. When I’ve done that, I’ll turn to what I believe is a unique
on- and offline communications project — p2pnet on steroids, in effect."
Related Links:
http://www.p2pnet.net/story/34986
YouTube Movie Rental Experiment Nets $10,709
San Bruno,
Calif. – The final numbers from YouTube’s (NASD: GOOG)
experiment with renting films tied to the Sundance Film Festival are in, and
show that over ten days, the films were rented 2,684 times and netted the
company about $10,709 in rental fees, The New York Times reported. "It
definitely exceeded our expectations given all the barriers," YouTube
spokesman Chris Dale told The Times.
"The odds are always stacked against
independent film makers. This allowed them to reach a bigger audience."
The five films connected with Sundance that were made available for $3.99 for
48-hour viewing were "The Cove," "One Too Many Mornings,"
"Homewrecker," "Children of Invention" and "Bass
Ackwards."
Related Links:
http://snipurl.com/u96pe
(N.Y. Times)
Digital Media Wire Announces Formation of Advisory Board
Los Angeles
– Digital Media Wire on Tuesday announced the formation of its first advisory
board, consisting of eight senior industry leaders from across entertainment and
technology who will provide insight and advice on new business initiatives.
The
board includes Ted Cohen, managing partner at TAG Strategic; Colin Gillis,
director of research and senior technology analyst at BGC Financial; Teemu
Huuhtanen, president of Sulake’s North American operations; Jon Potter,
consultant and former executive director of the Digital Media Association;
Ralph Simon, CEO of The Mobilium Group and chairman emeritus and founder of
MEF-America; Nick Veronis, managing director of Veronis Suhler Stevenson; Mike
Vorhaus, president of Magid Advisors; and John Welch, CEO of Making Fun.
"I’m
thrilled to have such a first-rate group on this advisory board. DMW is going
through an exciting growth phase, and with the formation of this board, we have
assembled an experienced group of leaders who we trust to advise us in making
important decisions about how to grow and evolve our business," said Ned
Sherman, the co-founder, CEO and publisher of Digital Media Wire.
Digital Media
Wire publishes an email newsletter and news website covering the digital media and
entertainment business, and also owns and produces ten annual conferences on a range of digital media topics.
Related Links:
http://snipurl.com/u96za
"Second Life" Parent Linden Lab Buys Avatars United
San Francisco
– Linden Lab, which developed the "Second Life" online virtual world,
announced that it has acquired Enemy Unknown, a Swedish company that runs
community site Avatars United.
Financial terms of the deal were not disclosed.
San Francisco-based Linden Lab said the deal will help enable those of its
users who wish to share more of their offline identities with their virtual
world friends.
The Avatars United platform will among other things provide the
ability to create a Second Life activity feed, which users can share with
friends.
Related Links:
http://snipurl.com/u96m6
(Second Life blog)
Mobile App Reviews Site Appolicious Acquires AppVee
Chicago
– Appolicious, the operator of a directory and reviews site for Apple’s iTunes
App Store, announced on Tuesday that it has acquired AppVee, which operates
similar sites for the iPhone and Google’s Android mobile platform.
Financial
terms of the transaction were not disclosed.
AppVee was founded in 2008,
shortly after the launch of the iTunes App Store, while Appolicious launched in
2009.
The two sites combined offer thousands of user-generated reviews of
mobile applications, including over 1,100 video reviews.
Chicago-based Appolicious
said it will add more social features to its site, including the ability for
users to create profiles and curate lists of their top apps.
Related Links:
http://www.prweb.com/releases/2010/02/prweb3551944.htm
Digital Media Wire Announces Advisory Board
Dear Readers,
I am very pleased to announce the formation of the first DMW advisory board (press release below). The board is an impressive mix of entertainment and technology executives, strategic consultants and investment advisors focused on the digital media industry and will be working with us to provide insight and advice on new business initiatives, including the growth of DMW’s publishing business, the creation of the DMW consulting network and opportunities for global expansion. I look forward sharing more announcements with you in the coming months.
Sincerely,
Ned Sherman, CEO & Publisher, Digital Media Wire, Inc.
Digital Media Wire Announces Advisory Board
Top Group of Experienced Cross-Industry Leaders to Advise DMW on New Business Initiatives
LOS ANGELES, Feb. 2 /PRNewswire — Digital Media Wire today announced the formation of its first advisory board, consisting of eight senior industry leaders representing an impressive mix of entertainment and technology executives, strategic consultants and investment advisors focused on the digital media industry.
“I’m thrilled to have such a first-rate group on this advisory board. DMW is going through an exciting growth phase, and with the formation of this board, we have assembled an experienced group of leaders who we trust to advise us in making important decisions about how to grow and evolve our business,” said Ned Sherman, CEO, Publisher & Co-Founder of Digital Media Wire.
The advisory board, which is overseen by Sherman, will function in an advisory capacity, providing insight and advice on new business initiatives, including the growth of DMW’s publishing business, the creation of the DMW consulting network and opportunities for global expansion.
Board members are:
Ted Cohen, Managing Partner, TAG Strategic
Colin Gillis, Director of Research & Senior Tech Analyst, BGC Financial
Teemu Huuhtanen, President, North America, Sulake Inc. (Habbo Hotel)
Jon Potter, Consultant / Former Executive Director, Digital Media Association
Ralph Simon, CEO, The Mobilium Group / Chairman Emeritus & Founder, MEF – America
Nick Veronis, Managing Director, Veronis Suhler Stevenson
Mike Vorhaus, President, Magid Advisors, Frank N. Magid Associates, Inc.
John Welch, CEO, Making Fun
About Digital Media Wire, Inc:Digital Media Wire is the leading industry trade company focused on the digital media industry. The company owns and produces ten annual conferences featuring the leading executives in digital media and entertainment. Digital Media Wire also publishes an authoritative email newsletter, job listings and blog posts and runs a daily news service. For more information, please visit: www.dmwmedia.com.
RELATED LINKS
http://dmwmedia.wpengine.com
http://dmwmedia.com/advisory-board
http://www.prnewswire.com/news-releases/digital-media-wire-announces-advisory-board-83340927.html
