Responding to widespread complaints about the privacy practices of Internet companies like Facebook and Google, the Obama administration unveiled its “Consumer Privacy Bill of Rights,” a framework for protecting the personal data or web users. Full Document
HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, and Kingdom Holding Company (KHC), announced today, Monday, December 19th 2011, a combined investment of $300 Million in Twitter. This investment was the result of several months of negotiations and comprehensive due diligence and represent a strategic stake in Twitter.
Prince Alwaleed commented: “Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact.”
Eng. Ahmed Halawani, KHC Executive Director of Private Equity and International Investments commented: “We believe that social media will fundamentally change the media industry landscape in the coming years.Twitter will capture and monetize this positive trend.”
Source: Kingdom Holding Co.
Source: Institute for Global Futures
New York Times 9/28/11
YouTube, making an expensive bet on original content, is planning to create dozens of channels featuring comedians, sports stars, musicians and other entertainers, the company said on Friday.
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Ebony has partnered with Google to offer entire 65-year Ebony archive for free browsing. Each issue appears just as it did at its original time of publication, complete with period advertisements. It’s an amazing resource that beautifully encapsulates our ongoing fascination with the future, and science and technology’s incredible potential to improve our lives. We hope you enjoy it as much as we do.
Authored by Mark Hefflinger on April 5, 2011 Digital Media Wire
Los Angeles – The estate of late funk musician Rick James has filed a proposed class action lawsuit against major label Universal Music Group, claiming unpaid royalties from the sale of digital songs and ringtones, according to The Hollywood Reporter. The suit follows the Supreme Court’s refusal to hear an appeal of a ruling that found Eminem’s early producing partners were owed additional digital royalties.
In that case, the court found digital music should be seen as “licensed” rather than “sold,” meaning that copyright owners should receive a 50%, rather than 12%-20%, cut of profits.
For its part, Universal Music told The New York Times that the ruling in the Eminem case “has no bearing on any other recording agreement and does not create any legal precedent.”
“The complaint filed by the Estate of Rick James suffers from many infirmities, not the least of which is that the claims asserted are not appropriate for class treatment. We intend to vigorously defend against it,” Universal Music told THR in a statement.
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