Tuesday, May 16, 2006Photobucket Raises $10.5MPalo Alto-based Photobucket has raised $10.5M from Trinity Ventures, the firm said today. PhotoBucket provides an online web site that allows people to upload and share photos, slideshows, video, and images. Photobucket's web site is used by people who want to post their media and link them to MySpace, Blogger, Neopets, and eBay. The company said it would use the funding to further accelerate market share gains and revenue growth. The firm said it was cash flow positive and profitable last year. (More info...)
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MySpace Takes '24' OnlineNews Corp's Fox Entertainment Group announced yesterday that it is partnering with Burger King to offer the hit "24" show online to member of MySpace. Fox said that MySpace users will be able to download-to-own two episodes of "24", in a cross promotion with Burger King. News Corp. also said that it would offer "Pinks" and "FirstHand". News Corp's MySpace will also provide the ability to download the entire first and fifth season of "24" for $1.99 per episode. The offering of "24" is a part of t (More info...)
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BridgeCo Gets WinLos Angeles-based BridgeCo, a provider of digital home networking chips, has scored a win at Nagase & Co., a Japanese electronics manufacturer. BridgeCo, which recently moved its headquarters from Zurich to LA, said that Nagase will use BridgeCo's processor and middleware for a new audio network player. BridgeCo provides an integrated processor and software for developing consumer digital music players and professional audio systems. The firm is backed by Benchmark Capital, Cipio Partners (forme (More info...)
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Altnet Gets Patent Suit Settlements From Loudeye, OverpeerSherman Oaks-based Altnet, operator of a peer-to-peer network for swapping music and other files, has settled a patent lawsuit the firm filed against the Recording Industry Association of America (RIAA), Loudeye, Overpeer, and Media Sentry. The firm said yesterday that it has reached a settlement with Loudeye and Overpeer on its patent suit, where Altnet had alleged the firms violated its patents in order to flood the P2P network Kazaa with fake files. Altnet had filed the suit in late 2004. The (More info...)
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Userplane Scores Win With Community ConnectLos Angeles-based Userplane, a provider of community software for social networking sites, has signed on Community Connect as a customer. Community Connect, a provider of communities focused on U.S. ethnic groups, will use Userplane's instant messaging tools to create an online instant messaging service for Community Connect's web sites. Those sites include AsianAvenue.com, Blackplanet.com, and MiGente.com. Userplane is a provider of Flash-based, chat applications, instant messaging, and other o (More info...)
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Tandberg Rolls Out Midrange TapePoway-based Tandberg Data said today it has rolled out a new, midrange tape library. The firm's new StorageLibrary T40 provides SCSI and Fiber Channel connectivity and up to 32TB of capacity in a 4U rack form factor. The new hardware is targeted at medium sized businesses. The library can support a variety of LTO-format tape drives.
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Walt Disney Internet Names EVPNorth Hollywood-based Walt Disney Internet Group said yesterday that it has named a new executive vice president and managing director of Disney Online. The company said that it has named Paul Yanover to the position. Yanover was most recently head of Walt Disney Parks and Resorts Online, and succeeds Ken Goldstein, who has left Disney for other opportunities. Yanover wil oversee all of Disney Online's strategic, creative, technical and marketing initiatives around the company's Disney brand on (More info...)
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Entropic Promotes VPSan Diego-based Entropic Communications, a developer of LAN and WAN semiconductors, has promoted Tim Pappas to VP of Operations. Pappas was most recently director of operations at the firm. Tim has also served at Mindspeed, Conexant, Rockwell International, Brooktree and TRW. Entropic is developing semiconductors for digital entertainment over coax.
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