It's official: MySpace has closed on its acquisition of Imeem, the streaming music service. It is paying a fire sale price of $1 million, sources familiar with the situation tell me, and could pay up to $7 million to $9 million in earnouts for key employees, who will likely include CEO Dalton Caldwell. Investors like Sequoia and Warner Music Group had pumped in at least $25 million to venture. Full story...
Real Networks and Viacom are reorganizing Rhapsody, their joint venture music service, and will be spinning it off into an independent company, the companies told the SEC today.
Federal Communications Commission Chairman Julius Genachowski gets a little peeved when people suggests that he wants to regulate the Internet.
Can a microblogging twist on Gmail raise Google’s profile in social networking? We’ll soon find out.
Electronic Arts Inc.'s loss narrowed in the holiday quarter from a year-ago period that was weighed down by charges.
IAC/Interactive, the Barry Diller-piloted Internet conglomerate, this morning posted Q4 results that beat Street expectations.
After years of complaints, last year the music labels finally got what they wanted from Apple — the ability to raise prices on their songs.
Yesterday, the day after after Google aired its first national commercial on the Super Bowl, an exec at a rival Internet company marveled at what high favorable scores the "Parisian Love" advertisement got, adding that the possibilities of spoofs of it were also endless.
Intel loves to talk about Moore’s Law, its co-founder’s famed maxim about how rapidly miniaturization improves semiconductors.
Here’s a metric to consider in advance of The Mobile World Congress next week and the likely debut of Microsoft’s (MSFT) Windows Mobile 7 operating system: As widely maligned as it is, Windows Mobile was still running on 18 percent of U.