NBC has ponied up $85 million to acquire and pull the plug on money-losing Internet portal and new-media division NBC Internet.
Paul Sweeting: Backend
Entertainment venture Rumpus has acquired Zeeks.com, a popular gaming and community site for kids. Rumpus will use the site as an additional channel for its feature-length animated features and sale…
Online game developer and software developer WildTangent has secured $34 million in a third round of financing from heavy hitters Sony and Accenture, among others.
F/x studio Digital Domain has bowed Digital Solutions, a new division that's being described as equal parts ad agency, consultancy and Internet production company. Daniel Roth serves as prexy.
Fox has upped Carolyn Gray to veepee of advertising and online entertainment. New gig puts Gray in charge of managing all areas of the network's Fox.com ent and implementation. She'll also team with…
Stunted by a lack of major-label content and competition from free file-sharer Napster, EMusic.com has put itself on the block, and industry sources say Universal Music Group is the buyer.
Marking the latest in a crush of digital music announcements this week, Universal Music Group and Sony Music confirmed that they have teamed with Yahoo! to offer digital music subscription services…
When most digital music companies are struggling to keep the beat, Launch Media is making what some may see as an audacious claim: It will be profitable by the third quarter of this year.
For an industry well known for its illusions, Hollwood is upping the ante when it comes to marketing on the Web: When it comes to hype, what you see isn't always real.