Providence Backs Baidu's Hulu-like Video Portal Venture

By
Mark Hefflinger
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0

Shanghai – Baidu (NASD:  BIDU), the top search engine in China, has partnered with Hulu investor
Providence Equity Partners to create a similar video portal in China that will
feature licensed professional content, Reuters reported.

Providence reportedly invested $60 million in
the joint venture, while Baidu will inject $10 million into a fund that will be
used to secure content licenses, sources told Reuters.

The U.S.-based
investment firm is also a backer of Hulu, the video portal joint venture between
News Corp., NBC Universal and Disney.

Reuters noted that Baidu is also a
financial backer of PPLive, another licensed video site in China.

 

Related Links:
http://www.reuters.com/article/idUSTOE60406820100105

http://www.provequity.com

http://www.baidu.com

Market Research Firm Gartner Buys Burton Group for $56 Million

By
Mark Hefflinger
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0

Stamford,
Conn. – Gartner (NYSE: IT) announced on
Tuesday that it has acquired fellow information technology market research firm
Burton Group for $56 million in cash.

Utah-based Burton Group counts 41
research analysts and will see projected 2009 revenue of $30 million.

Connecticut-based
Gartner said the deal will expand its product and service offerings, and
increase its IT research market opportunity, while also providing operational efficiencies
and cost savings.

"Gartner has traditionally focused on providing
strategic insight to CIOs and senior IT executives, while Burton Group has
built a leading niche providing practical, how-to advice to front-line IT
professionals," said Gartner CEO Gene Hall.

"Thus, Burton Group is a
great strategic fit for Gartner and should enable us to offer a more complete
solution to every level and functional expert within an IT organization."

 

Related Links:
http://www.gartner.com/it/page.jsp?id=1272013

http://www.burtongroup.com

Quattro Wireless

By
Mark Hefflinger
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0

Apple Acquires Mobile Ad Firm Quattro Wireless

By
Mark Hefflinger
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0

Waltham,
Mass. – Quattro Wireless, a
provider of mobile advertising services, announced on Monday in a blog post that
it has been acquired by Apple (NASD:  AAPL). While financial terms of the transaction were
not disclosed, PaidContent’s source pegged the purchase price at $270 million.

Founded in 2006, Quattro offers a mobile Web and in-application ad network
utilized by clients including Netflix, CBS Interactive, Disney and Microsoft.

The company’s network partners include Gawker, NFL, NHL, Hachette, Time, imeem
and Slacker.

"We remain focused on delivering more engaging, relevant and
useful ads to mobile devices, and improving the measurement and execution of
digital campaigns," said Quattro co-founder and CEO Andrew Miller — who was
named a vice president of mobile advertising at Apple.

"Together with
Apple, we look forward to developing exciting new opportunities in the future
that will benefit our customers."

Quattro raised over $28 million in
funding, from backers including Highland Capital Partners and Globespan Capital
Partners.

 

Related Links:
http://snipurl.com/tz1mw

http://snipurl.com/tz1q3 (PaidContent)

http://www.quattrowireless.com

PowerReviews Secures $4.9 Million for User Product Reviews

By
Mark Hefflinger
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0

San Francisco
– PowerReviews, a site that aggregates user-generated product reviews and makes
them available to online retailers, has raised $4.9 million of an anticipated
$9 million round of new funding, PaidContent reported, citing a regulatory
filing.

Founded in 2005, San Francisco-based PowerReviews provides
user-generated product reviews to more than 3,000 online retail clients,
including Orbitz, Staples, REI and Warner Home Video.

The company’s last round
of funding in 2007 was led by Lehman Brothers Venture Partners.

 

Related Links:
http://snipurl.com/tz1lu

http://www.powerreviews.com

U2's Bono Decries File-Sharing, "Rich Service Providers"

By
Mark Hefflinger
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1

New York
– U2 frontman Bono took to the Op-Ed page of The New York Times over the
weekend, in part to rail against the sharing of music on peer-to-peer networks,
and ISPs — the "rich service providers, whose swollen profits perfectly
mirror the lost receipts of the music business." "A decade’s worth of
music file-sharing and swiping has made clear that the people it hurts are the
creators — in this case, the young, fledgling songwriters who can’t live off
ticket and T-shirt sales like the least sympathetic among us," Bono wrote.
The band’s manager, Paul McGuinness, has taken a vocal stance against
file-sharing, and in particular called on ISPs to do more to police the
practice.


 

Related Links:
http://www.nytimes.com/2010/01/03/opinion/03bono.html

http://news.cnet.com/8301-31001_3-10423544-261.html

Redbox Rents Record 2 Million DVDs on New Year's Eve

By
Mark Hefflinger
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0

Oakbrook Terrace,
Ill. – Redbox, a unit of
Coinstar (NASD: CSTR) that operates automated DVD rental kiosks, announced on Mondy that
consumers rented more than two million DVDs on New Year’s Eve from the
company’s kiosks, breaking its previous one-day rental record by more than
170,000 rentals. The company, which operates more than 19,000 locations
nationwide, reported more than 350 million rentals in 2009.


 

Related Links:
http://snipurl.com/tytd3

http://www.redbox.com

Hulu User Base Grows 95% in '09; Streams Up 307%

By
Mark Hefflinger
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0

New York
– Hulu, the video portal joint venture between News Corp. (NYSE: NWS), NBC Universal (NYSE: GE) and
Disney (NYSE: DIS), said that its monthly users grew by 95% in 2009, to over 43 million,
while monthly streams increased 307%, to 924 million. Over 6.4 million Hulu
players were embedded on third-party websites, up 237% from 2008, while the
company’s library of content grew to 14,000 hours. The most popular clip of
2009 was SNL’s "Motherlover," while the most popular full episode was
Family Guy’s "Stew-Roids."


 

Related Links:
http://blog.hulu.com/2009/12/30/thank-you-for-a-very-big-2009/

RealD, Samsung Partner on 3D Televisions

By
Mark Hefflinger
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0

Los Angeles – RealD, a
provider of 3D digital cinema projection systems, announced on Monday that it
has partnered with Korea’s
Samsung Electronics, and will integrate its 3D technology into Samsung’s line
of 3D televisions. The companies will also work jointly on "active eyewear
technology and New Passive Display technology." RealD’s systems have to
date been installed on over 4,800 movie theater screens worldwide, and are
currently being used to screen "Avatar" in 3D. "Avatar"
became the fourth highest-grossing movie of all time over the weekend, when it
reached a worldwide total of $1.02 billion.


 

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

http://www.variety.com/article/VR1118013236.html

http://www.reald.com

Google Begins Favoring MySpace in Music Stream Links

By
Mark Hefflinger
-
1

Mountain View,
Calif. – Google (NASD: GOOG) appears to have
shifted the bulk of its new music streaming links on search results to
MySpace-owned iLike, pushing Lala — recently acquired by Apple (NASD: AAPL) — lower in the
queue, according to reports by TechCrunch and PaidContent. A number of links to
streaming music services are typically presented when a user searches for a
song, but it seems that now News Corp.’s (NYSE: NWS) MySpace is favored, whereas before the ranking was
more random. PaidContent found 19 of 20 songs it searched for on Google linking
to MySpace streams, while TechCrunch was directed to MySpace for 28 of 30 songs
it searched.


 

Related Links:
http://snipurl.com/tythu
(TechCrunch)

http://snipurl.com/tytf7
(PaidContent)

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