AOL wants to become a content company?
AOL has long been known as the company that provided dial-up internet access in the US market.
The company has been working hard on changing the core of their business. The aim has been to generate revenues through online advertising.
AOL CEO Tim Armstrong has now stated that [...]
Hulu could go paid sometime next year
News Corporation has already hinted that they are planning a subscription based model for the Hulu service in which they are partnering with other media giants ABC and NBC.
The company has now hinted that the new model could be launched as early as next year as they [...]
CNN.com relaunch coming this Monday!
CNN.com is one of the most visited news website on the web today.
The company has been working on a brand new edition of their website and it would go live this coming Monday.
The new edition is expected to be data intensive as it would feature more videos compared [...]
NPD Group: Digital media sales all set to match CD sales in USA
Digital media downloads are becoming so popular that they are all set to catch-up with the sales of audio CDs in the US market.
NPD Group has reported that the two can account for equal sales by the end of the next [...]
iLike could be acquired by MySpace
TechCrunch is reporting that MySpace is close to announcing that they are acquiring the web based service iLike.
This Seattle based music company has been acquired by the social networking giant for around USD 20 million.
This acquisition deal if true could become a PR headache for Facebook.
iLike is [...]
SingTel AMPed mobile digital media service launched
SingTel is the largest telecom company in the South East Asia.
They are now collaborating with Universal Music to launch a new digital service for mobile users.
This new service has been named AMPed. It is designed to let the mobile users download music files and videos from the web.
They [...]
Netflix now has 10 million plus subscribers
US based DVD rental company Netflix has announced that they are now serving more than 10 million customers.
The company said that they have added more than 600,000 net subscribers since January 1.
Netflix has been the pioneer in the market as they are also now streaming movies to customers [...]
RealNetworks posts a loss in the fourth quarter
US based digital media company RealNetworks has posted a loss in the most recent quarter.
The company said that they had a net loss of $240.5 million. It is down from profits of $2.7 million in the same period in the previous year.
The revenues were also down [...]
Warner Bros to close down DVD operations in South Korea
US based movie studio Warner Bros has announced that they are going to close down their DVD marketing and distribution operation in South Korea.
These operations would now be transferred to a local party.
The company said that the transition would be made in the coming weeks.
Incidentally, [...]
Veoh killing 20 jobs in the company
Video sharing service Veoh has announced that they are now cutting 20 percent of its workforce.
This means that the company would let go off around 20 employees to cut costs.
Company representative Gaude Paez said in a statement: “We know the realities of the market. But no one knows [...]
