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 [...]
Netflix stops selling used DVDs
US based movie rental service Netflix has announced that they are no longer going to sell used DVDs to interested customers.
The company said in a blog post: “As you know, our core business is delivering great movie rentals to you on DVD by mail and instantly to the computer and [...]
Netflix Inc. and TiVo Inc. collaborating
After Microsoft Xbox 360, Netflix is now collaborating with TiVo.
The two companies are collaborating to bring more media content to their subscribers.
TiVo subscribers would be able to stream movies from Netflix catalog.
This service would start in December this year.
Netflix said that the collaboration was delayed as they could not [...]
Playboy Enterprises discarding DVD to concentrate on web distribution
Playboy Enterprises has stated in a regulatory filing that they are now discarding their DVD manufacturing operations.
The company would now concentrate online distribution of their media content.
Playboy stated that this would result in cutting of around 80 jobs. They company would also face $2 million in restructuring [...]
MySpace lines up impressive advertisers for MySpace Music launch
Social networking service MySpace is all set to launch their digital media service later this month.
This new service is called MySpace Music and it would provide free music listening experience to millions of their subscribers.
This streaming music would be supported by advertisers and the company already has [...]
Lions Gate Entertainment collaborates with Zed Group
Film studio Lions Gate Entertainment has announced that they are now collaborating with Spanish mobile content provider Zed Group.
Lions Gate also announced that they are now launching their own ad-supported channel on Google’s YouTube video sharing service.
Lions Gate would now use their deal with Zed to promote their content [...]
Napster posts a bigger quarterly loss
Digital media store Napster has come out with their latest revenue report and the company has posted a bigger quarterly loss.
The company stated that their number of its paid subscribers declined. They also predicted a rather flat revenue growth for the current quarter.
Napster is one of the several rivals to [...]
UMG Recordings sued by The Allman Brothers Band
The Allman Brothers Band has filed a lawsuit against UMG Recordings over royalties from sources like Audio CD and digital download sales.
They are seeking payments worth around USD 10 million from the company.
The plaintiffs named in the lawsuit include Greg Allman, Jai Johanny “Jaimoe” Johanson, Butch Trucks and [...]
YouTube to provide Olympics coverage in some countries
Google owned video sharing service YouTube has announced that it has now signed up a deal with International Olympic Committee to provide limited coverage of the event in 77 countries across the world.
They would be broadcasting this coverage on a dedicated channel during the games in Beijing.
Timo [...]
