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Best Buy to Buy Napster for $121 Million
Electronics retailer Best Buy announced Monday that it will acquire online music service Napster for $121 million. Best Buy will acquire Napster's 700,000 digital entertainment subscribers, its Web-based customer service platform, and mobile applications, Best Buy said. The deal, which is expected to close in the fourth quarter, has been approved by the Napster board of ...
Myspace Music to Start with Major Ad Sponsors
NEW YORK - News Corp's MySpace, the world's largest social networking site, said on Sunday its long-expected MySpace Music joint venture with three major music labels will launch with four major sponsors underwriting the costs of streaming free music to millions of MySpace users. MySpace said McDonald's, Sony Pictures, Toyota and State Farm will power access ...
Vintners: Amazon to Start Selling U.S. Wine Next Month
SAN FRANCISCO (Reuters) - Amazon.com, the largest global online retailer, plans to start selling U.S.-produced wine on its website within the United States by early October, wine industry insiders said on Wednesday. Napa Valley Vintners, a nonprofit group representing 315 vintners in the famous California wine-producing region, has already begun to set up workshops for wineries ...
Slacker to Port Web Radio App to Blackberrys
On Thursday in San Francisco, Slacker announced that it was bringing its popular Web radio app to RIM BlackBerry smartphones. Coming in October, the app will utilize more than 100 Slacker stations with over 10,000 artists. Like its browser-based counterpart, the app will also let Blackberry owners create their own customized stations. Slacker for Blackberry will ...
Yahoo Plans to Open Yahoo Music to iTunes, Others
SUNNYVALE, CA - Yahoo Inc plans to open its online music site to feature information about songs and artists from outside services such as Apple Inc iTunes or Amazon.com, an executive said on Thursday. “We are going to completely open up Yahoo Music in the next few weeks," Scott Moore, the executive in charge of Yahoo's ...
Google Invests in Satellite 'Net Firm
Google announced Thursday that it will invest in a company that intends to provide high-speed Internet access to developing countries via satellite. The search engine giant will contribute an undisclosed amount of money to O3b Networks, which is looking to provide fiber-like Internet services by utilizing medium-orbit satellites. “This means data can be quickly transmitted to ...
Senate Panel to Take Up Controversial Copyright Bill
A Senate committee on Thursday is scheduled to take up a controversial copyright bill that would allow the Department of Justice to bring civil complaints against copyright infringers and allow for greater enforcement within the federal government. The Enforcement of Intellectual Property Rights Act of 2008 was introduced in July by Democratic Sen. Patrick Leahy of ...
Why Does Texting Cost so Much, Senate Asks
The chair of the U.S. Senate's antitrust panel sent a letter to four top mobile phone companies on Tuesday asking them to explain what he said were a doubling in the price of text messages in three years. Sen. Herb Kohl, chair of the antitrust subcommittee and a Wisconsin Democrat, wrote to Verizon Wireless, AT&T Inc, ...
Sirius Service to Broadcast XM Shows
NEW YORK - Sirius XM Radio said it has earmarked more merger-related cost savings than previously expected. But the subscriber growth outlook fell short of an analyst's estimate and the stock fell more than 6 percent. Sirius, whose acquisition of rival XM was completed in July after 17 months of scrutiny by regulators, said it sees ...
Analysis: How Google Has Changed Our Lives
Ten years ago, I sat next to a filing cabinet of press releases, notes, presentations, and financial documents. My crappy Compaq 386 notebook chugged away on my desk. And someone down the hall—I think it might have been Will Wade of EE Times—told me to check this new site out. So I did. Damn. I personally ...
