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Posted in Internet, Digital Media & Software, News on February 28th, 2007 by daveliuEarnings: Audible Reports 4Q Profit Loss - Music and audio book download provider Audible (Nasdaq: ADBL) reported a 4Q net loss of $700,000, or 3 cents a share, compared with a net loss of $2.18 million, or 9 cents a share, in the year-ago period. Revenue at the Wayne, NJ-based company rose to $23.3 million from $18.3 million, a 16 percent gain. For the year, net revenue came in at $82.2 million, up 30 percent year-over-year.
Digital Music Roundup: Execs Complain; YouTube Adds Indie; Another Exec Buys In - Some days, it seems like the record industry is all over but the complaining. CNET reports that yesterday music executives assembled in New York for Digital Music Forum East, starting “with an all-around bashing of Apple CEO Steve Jobs” and moving on to how the industry might survive at a time when “CD sales fell 23 percent worldwide between 2000 and 2006.” Former EMI digital top dog and current head of TAG Strategic, Ted Cohen, has the money quote: ”We’re running out of time. We need to get money flowing from consumers and get them used to paying for music again.”
Anheuser-Busch Mingles Online With Social Net Promotion - Aside from trying to remain afoul of state attorneys general regarding issues of minors and its Bud.TV online entertainment network, Anheuser-Busch is trying to stay away from those under 21 with its recent foray into social networking sites. Rather than approach drinkers through MySpace, which still maintains a large membership of those not yet old enough to drink legally, the beer company is joining start-up social net MingleNow, Adweek reported.
Ning Launches New Version of Build-Your-Own Social Network Service - Ning’s new version of its build-your-own social network service puts the Marc Andreessen-backed company in the spotlight again.Reuters has a good roundup of Ning’s intentions, and how it compares to other players in the space. “How will Ning make money?” you ask. You’re not the only one, apparently, since there’s a “What Is Ning’s Business Model?” question high in the company’s FAQ. In a nutshell: advertising and subscriptions.
Academy Takes Oscars Off YouTube - Academy of Motion Picture Arts & Sciences has asked YouTube to take down clips of its Oscarcast and the user-gen video giant has complied, reports Variety. “Ric Robertson, exec administrator for the Academy, said the organization had its content pulled “to help manage the value of our telecast and our brand.”
Blockbuster In Advanced Talks To Acquire Movielink, Again - The Movielink acquisition talks are on again, and this time WSJ says it is in advanced talks to be sold to Blockbuster, for possibly less than $50 million in cash and stock. The online movie service, jointly owned by the major movie studios, has been on and off the sale block for about two years now, and a formal process earlier did involve Blockbuster, among others (such as Comcast, AT&T and private investors as well).
Quigo Teams With Pixsy To Offer Multimedia Search - Contextual pay-per-click advertising company Quigo will introduce video search capabilities to its network of Web partners by the end of this quarter through a deal announced today with Pixsy Corp., a multimedia search platform.
Digital Music Mashups Remain Fraught For Marketers - A panel at Digital Music Forum East explored the challenges for marketers trying to navigate the digital music space and partner with established online music and video hubs. Even giants like Miller Brewing are trying to figure out which programs work, how to execute them, and how to measure effectiveness.
iVillage Taps Electronic Arts For Casual Games Channel - Women’s lifestyle portal iVillage will launch a games channel featuring syndicated titles from Electronic Arts’ casual games property Pogo. The deal taps into the demographic appeal of short-form games to older women.
Sponsors And TV Shows Get Lift From Online Viewership - Viewers who watch TV shows on network Web sites tend to favor the sponsoring brands–and many also watch the show more often on TV, reports a new study suggesting that the crossover TV-Web audience is worth cultivating, and has plenty of room to grow.
Video Plays Key Role In Digital Magazine Future - Online video isn’t yet a profit center for many magazine publishers, but it should achieve profitability in the near future, according to a panel discussing online video at an MPA event. Warned one editor: “If you don’t have video, you can’t have viewers. It’s as simple as that.”
Roo Group To Acquire P2P Service Provider Wurld Media - Setting its sights on bandwidth-efficient peer-to-peer distribution, broadband services company Roo Group has agreed to buy the assets of legal P2P service provider Wurld Media. The deal is expected to boost Roo’s social networking, e-commerce and digital rights management offerings.
Web Gurus Launch Local Blog Aggregator - Steven Berlin Johnson, co-creator of Feed Magazine, and John Geraci, a social media veteran, have launched an ad-supported local info site called Outside.in, which culls local news and events, and allows users to search it by ZIP code.
TV Viewing Solid Despite Online Video Growth - Online video growth is not yet coming at the expense of TV viewing. Although total online video usage has increased in the past year, the percentage of adults watching online video remains relatively unchanged. A previous LRG survey conducted nine months earlier found that 4% of adults viewed online video at least daily and an additional 11% at least weekly. TV still dominates viewing habits: 93% of adults spend at least one hour a day, on average, watching it.