Tuesday, October 16, 2007Napster Relaunches As Web ServiceLos Angeles-based music subscription service Napster has relaunched the firm's web music offering, the firm announced Tuesday, with a new service which does not require software downloads. The firm said that Napster 4.0 allows anyone with a Internet Explorer or Firefox browser to access albums and playlists through its service. PC users who still want to create CDs and synchronize their portable devices with the Napster service are still required to download the firm's client software. However, (More info...)
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MySpace, SONY BMG Team On Music LicensingLos Angeles-based social networking web site MySpace said today that it has signed a new licensing agreement with Sony BMG Music Entertainment. MySpace said that the deal covers streaming music videos and selected audio material from Sony BMG artists. The two companies said that they will also share sponsorship and advertising revenues, and that the deal allows Sony's artists to post music videos on their profile pages. Sony and MySpace will also promote the artists throughout the social network (More info...)
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Pinkberry Raises $27.5MLos Angeles-based frozen yogurt chain Pinkberry has raised $27.5M in venture capital funding from Maveron, the venture firm founded by Starbucks founder Howard Schultz. The investment was disclosed by Maveron's Dan Levitan in interviews with the Los Angeles Times and New York Times. No further details of the investment were released. Pinkberry is a retail frozen yogurt chain known for its sour frozen yogurt and pick-your-own toppings. The funding is at least the second venture capital investment (More info...)
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fix8 Raises $3MLos Angeles-based fix8, a company which develops online software for helping users animate videos, said today that it has completed a Series 1A financing worth $3M. The company said that the round of funding came from Singapore-based Vickers Financial Group. fix8 operates an online service which lets users add animation to video content from live webcams. The firm is a division of Mobinex, Inc. and also has offices in China and Vietnam.
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Reunion.com Names Marketing ExecLos Angeles-based Reunion.com, an online web site for connecting users with old friends and acquaintances, said today that it has named Cornell McGee as the firm's Chief Marketing Officer. McGee joins the firm from True.com, where he was also Chief Marketing Officer and SVP of Acquisition Marketing. McGee has also worked at Match.com. McGee will head up the firm's marketing and business development efforts.
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Solarflare Hires Barnat As VP OperationsIrvine-based Solarflare Communciations which is developing 10 Gigabit Ethernet semiconductors, said today that it has added Dean Barnat as Vice President of Operations. Barnat was most recently a consultant for the firm, and has served as VP of Operations for RF Magic. Barnat has also worked for Peregrine Semiconductor, Brooktree, and Unisys Corporation. Solarflare is venture backed by Oak Investment Partners, Foundation Capital, Accel Partners, Amadeus Capital Partners, Anthem Ventures, IDG Ven (More info...)
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