CBS should be pleased with its choice to allow Microsoft to sync Xbox LIVE to Last.fm, as the partnership has already netted the streaming music service nearly a million new subscribers. Last.fm went live on Xbox last Tuesday, and both companies are already hyping the deal as a success in terms of the numbers. CBS (NYSE: CBS) says it broke a record for the number of new profiles created in a 24-hour period, and that Xbox LIVE users had already streamed more than 120 million minutes worth of music.
Less clear is whether there is money changing hands: neither company would comment on whether Microsoft (NSDQ: MSFT) is paying CBS a rev-share, since only Gold (paying) Xbox LIVE subscribers get access to Last. Full story...
Penton, the trade publisher, has filed for Chapter 11 bankruptcy protection, reports Folio.
Morningstar has done an unusual and small acquisition: it has bought financial blog Footnoted.
Forget the last 10 years of post-Napster industry annihilation - Warner Music Group (NYSE: WMG) is now seeing growing income from both music sales and music publishing - but only if you factor in overseas sales; the U.
IAC (NSDQ: IACI) bit an accounting bullet in Q4, taking a $991 million impairment charge for its search & media business—including Ask and excluding Citysearch.
Trinity Mirror (LSE: TNI) still sees value in local newspapers, even if Guardian Media Group doesn’t.
It’s not exactly a great leap from publishing an iPhone app to offering one on the soon-to-be-released iPad - not only will the former will run on the latter; the skillset for developing the latter won’t be significantly different.
When Barnes & Noble (NYSE: BKS) announced its Nook e-reader in October, the ability to pursue a dual in-store and online sales strategy appeared to be one of the clear advantages it might have over Amazon (NSDQ: AMZN).
Location-based social net Foursquare is on a roll when it comes to netting high-profile media partnerships.
Redpoint Ventures, the VC firm that has backed a long list of digital media companies, including in recent months ad provider Impact Radius and video search engine Clicker, has closed a new $400 million fund.
Hark, the herald angels sing! Total ad spend will rise this autumn, after nine consecutive quarters of annual decline, according to an Advertising Association and WARC forecast.