Next weekend, just a couple of days after the dust of the primary campaigns will have settled, national media attention will return to Texas as Austin is turning into party central for the annual South by Southwest Festival (SXSW, March 7-16). SXSW Interactive, added in 1994 to the music festival, has evolved into one of the most influential tech conferences in the country and beyond. While somewhat geeky in its first years, SXSW Interactive is now considered a must-attend venue for big tech players (Google, Microsoft, Seagate, etc. all have a strong presence at the show), start-ups, creative agencies, software … Read more
The New York Times reported on Wednesday that the board of directors for video game publisher Take-Two Interactive Software, facing a buyout offer from Electronic Arts, approved new compensation packages for its management firm that would take effect with a merger or acquisition.
The new measures, approved within days of EA's initial offer, concern Take-Two's agreement with management firm ZelnickMedia. Under the revised terms, in the event of a takeover, ZelnickMedia would be awarded two restricted stock grants of 780,000 shares.
At EA's $26-per-share offer, that would be worth $20 million. Additionally, Take-Two's monthly management … Read more
Maybe there's something in the water but now we've got another hostile software battle under way. This time it's Electronic Arts bidding $2 billion in cash to acquire Take-Two Interactive. The sides are not exactly off to a smashing start with Take Two publicly telling Electronic Arts the offer simply ain't up to snuff.
To be continued.
(Update: Check out this piece for more context authored by my News.com colleague Daniel Terdiman.)
Here's the EA press release:
Electronic Arts Proposes to Acquire Take-Two Interactive Software for $26 Per Share in Cash, or Approximately $2.… Read more
An array of classic TV shows from CBS are now available online, the network's CBS Interactive division announced Thursday.
Full-length episodes of Star Trek, Melrose Place, Hawaii Five-O, MacGyver, and The Twilight Zone have been added to the lineup of the company's CBS Audience Network, as well as its central streaming-video site. All of it is free and ad-supported; only select seasons of each show are currently available, but CBS has hinted that more episodes, as well as additional TV shows, will go up in the near future.
The CBS Audience Network consists of more than 300 partners, … Read more
According to a release from CBS on Friday, there were 85 percent more unique listeners on Last.fm on Wednesday, January 23--the day that CBS Corporation and Last.fm announced the service--than there had been on the previous Wednesday. The next day, Thursday, saw an 80 percent increase from the previous Thursday, which CBS took as evidence that it wasn't just a single-day phenomenon.
Last.fm had previously offered streaming music primarily in 30-second clips. But thanks to licensing agreements … Read more
It's no secret: ad-supported streaming music, held up as an alternative to both paid downloads and free-for-all piracy, has hit some twists and snags. A number of well-funded start-ups, like SpiralFrog, dove into the space and few have emerged intact. Only one, Imeem, can really claim to be a success--it has licensing deals with all four major music labels--but it's still been criticized for a tepid user experience.
CBS has alerted media that on Wednesday morning, the company will be announcing "a new unprecedented service" involving social music service Last.fm, which it purchased last year. On hand will be Leslie Moonves, president and CEO of the CBS Corp.; Quincy Smith, president of the CBS Interactive division; as well as Felix Miller and Martin Stixsel, two of Last.fm's three co-founders.
When CBS Interactive announced on Tuesday that its CBSNews.com property had entered a content partnership with Digg, there wasn't a whole lot of information released other than the fact that election-related headlines from Digg would appear on CBSNews.com and that the news site's political news and video clips would be accompanied by Digg buttons.
The amorphous press release was intentional, CBS Interactive President Quincy Smith said later Tuesday in an interview with CNET News.com. It's not always easy to deal with Digg's notoriously opinionated community, which has shown a tendency to cause a mild to major uprising … Read more
Through this partnership, the recognizable "Digg buttons" will be featured on CBSNews.com articles and videos that pertain to the election. In return, Digg's election-related headlines will be displayed throughout CBSNews.com.
"This is part of our strategic plan to open CBSNews.com to diverse news, analysis and voices from across the Web," Michael Sims, CBSNews.com's vice president of editorial content, said in a statement from the company. "… Read more
Ever been watching a football game and wonder exactly how to prepare tonight's pot roast? With Samsung's new lineup of LCD HDTVs, "interactive content such as cooking recipes, children's entertainment, HD artwork and more" along with "customizable RSS feeds, capturing the latest news, weather, sports and more" can be displayed (and more?) on the big screen, courtesy of 1GB of internal flash memory, a built-in wired Ethernet connection (no wireless capability), and an optional (price TBD) Digital Media Adapter that interfaces with the Internet and network-attached PCs in your house.
That's all … Read more