The ax is swinging at Rhapsody America. The subscription music service, a joint venture between RealNetworks and Viacom subsidiary MTV Networks, is sacking nine percent of its employees, mostly in editorial.
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Another week into challenging times, and the theme for Weekend Update is undoubtedly cost-saving, with a healthy dose of revenue-seeking.
On the revenue-seeking side, BoomTown’s Twitter Business Plan Count-Up hasn’t yielded any real keepers yet. There is a real contender, though–since Jennifer Aniston so publicly broke up with her boyfriend John Mayer on account of his Twitter “addiction,” BoomTown suggests offering “Twitter rehab” for those not willing to lose their relationships just yet.
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Looks like Carl Icahn did show up to his first Yahoo board meeting, though it appears he wasn’t able to get much done. The new board, which also includes former Viacom CEO Frank Biondi and former CEO of Nextel Partners, John Chapple, reportedly met Tuesday and decided as a first course of business to talk to Time Warner about the future of its AOL division.
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Looks like Google has a new club with which to smite Viacom and the $1 billion lawsuit it’s brought against YouTube. A federal judge has ruled that online video-hosting site Veoh is not guilty of copyright infringement for material uploaded by its users in a case that has marked similarities to Viacom’s against Google and YouTube.
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Given the option to pull copyrighted material posted to YouTube without their permission or to monetize it with YouTube’s new Content ID system, some 90 percent of copyright owners are choosing the latter. Since it was first announced, Content ID–which allows rights owners to block an infringing clip, leave it be, or grant YouTube permission to sell ads against it–has won some impressive partners, including such media companies as CBS, Universal Music and Electronic Arts.
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Looks like Google has updated its arrogance algorithm again. Having dismissed Viacom’s $1 billion copyright infringement suit over video clips on YouTube as a “mistake,” the company is taking the same tack with a similar suit brought against it by Italian TV company Mediaset SpA.
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As Google, Viacom, and Viacom PR flack Jeremy Zweig will tell you, user IDs and Internet protocol addresses aren’t personally identifiable. So any public outrage over the logging database YouTube is handing over to Viacom under court order is really just the product of so much misinformation and paranoia.
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So much for privacy on YouTube. The federal judge presiding over Viacom’s $1 billion copyright infringement lawsuit against Google and YouTube denied a motion for the pair to produce their source code Wednesday. “YouTube and Google should not be made to place this vital asset in hazard merely to allay speculation,” U.S. District Judge Louis L. Stanton wrote. Apparently he didn’t feel quite as strongly about the privacy of YouTube users, because he felt entirely comfortable turning that over to the media company.
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Hulu claims its mission is “to help you find and enjoy the world’s premier content when, where and how you want it.” And now, three months after it first launched, it’s finally getting around to delivering on that promise. This morning the video site, which is jointly owned by NBC Universal and News Corp., said it will offer full episodes of “The Daily Show with Jon Stewart” and the “Colbert Report” beginning today.
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Looks like Yahoo’s boardroom blitz is on. Billionaire investor Carl Icahn has decided to move forward with a proxy fight to oust Yahoo’s entire board in favor of one more amenable to merger negotiations with Microsoft. “It is unconscionable that you have not allowed your shareholders to choose to accept an offer that represented a 72% premium over Yahoo’s closing price of $19.18 on the day before the initial Microsoft offer,” Icahn wrote in a letter to Yahoo’s leadership.
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Yahoo took some time off from fretting over its uncertain future today to ditch its also-ran subscription music service.
This morning the company said it’s exiting the subscription-music market and throwing its support behind Rhapsody America, a joint venture company owned by RealNetworks and Viacom. In the coming months, Yahoo Music Unlimited subscribers will be [...]
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Viacom has a new online advertising partner and–big surprise–it’s not Google. It’s Microsoft.
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