Shashi Seth joins AOL as senior vice president of global advertising

Shashi Seth joins AOL as senior vice president of global advertising
US based internet media company AOL has announced that they have hired Shashi Seth as their new senior vice president of global advertising.
He arrives at AOL from Cooliris which is known for their popular Firefox and Internet Explorer add-on.
Seth would now report directly to [...]

Tesla Motors hires Ricardo Reyes from YouTube

Tesla Motors hires Ricardo Reyes from YouTube
Google has lost another management guy in the form of Ricardo Reyes who is now moving to Tesla Motors.
Reyes has been named the vice president of communications at the electric car manufacturer.
He was previously the head of global communications and public affairs at Google owned YouTube video [...]

Veoh killing 20 jobs in the company

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 [...]

Lions Gate Entertainment collaborates with Zed Group

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 [...]

YouTube to provide Olympics coverage in some countries

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 [...]

Warner Music Group no longer supporting Last.FM

Warner Music Group no longer supporting Last.FM
Last.fm has lost one major content supplier as Warner Music Group has revealed that their music is no longer available through their services.
However, the users of the Last.fm service can still stream music from Warner’s artists using the artist-based radio stations.
Warner Music Group confirmed this new development in a [...]

Veoh Networks gets $30 million funding from Intel and others

Veoh Networks gets $30 million funding from Intel and others
Online video service Veoh Networks has revealed that they have now secured a $30 million funding from investors including Intel, Adobe Systems and Gordon Crawford.
The company added that they would be using these funds to invest into development of new services and features.
Veoh is one of [...]

Dailymotion aims to become profitable next year

Dailymotion aims to become profitable next year
One of the few popular rivals to Google owned YouTube video sharing service is Dailymotion.
This France based video sharing service was launched at around the same time as YouTube.
Company CEO Mark Zaleski said in a statement in Paris: “We are confident that we could be profitable in a [...]

Viacom open to working with Google in the future

Viacom open to working with Google in the future
Viacom is involved in a lawsuit against Google. They are claiming USD 1 billion from the search engine giant for copyright violation on their YouTube video sharing service.
However, Viacom Inc Chief Executive Philippe Dauman has now said in a statement that they are open to working with [...]

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