Facebook

FACEBOOK officially unveiled a multi-faceted ad system that taps into user referrals and exploits the site’s “social graph.” The system allows brands to establish company profiles on the network. When a user interacts with a company page, the activity (and a display ad) will be reported virally to that user’s network via news feeds. Beacon Continue Reading →

THE WGA began its strike at midnight after Sunday’s 10-hour marathon negotiation broke down. Writers are expected to begin picketing at 9 AM this morning outside high-profile locations, including major studios on the West Coast and Rockefeller Center in New York. The Guild issued a memo telling its writers to spend at least 20 hours Continue Reading →

THE WRITERS GUILD negotiating committee has announced a unanimous recommendation to go on strike, perhaps as early as this Monday. The committee announced its decision Thursday night and drew an enthusiastic response from the meeting of 3,000 Guild members. The final decision is expected to be made at a meeting of the East and West Continue Reading →

MICROSOFT will purchase 1.6% of FACEBOOK for $240 million, which places a $15 billion valuation on the three-year-old company. Microsoft will begin to sell banner ads for international versions of the site and split the revenue with Facebook. In related news, RIM launched Facebook software for Blackberries. BARRY DILLER told a group of conference attendees Continue Reading →

FACEBOOK is the focus of a heated bidding war between MICROSOFT and GOOGLE. The two companies are competing for less than 10% of the social networking site and a deal could be announced within the next 48 hours. Google is reportedly driving the price very high in an attempt to outbid Microsoft. The winning bidder Continue Reading →

CURRENT TV will officially relaunch its website on October 16, and Al Gore has promised that the site will “take interactivity to a new level.” As part of the change, Current TV will drop the “TV” – and simply become “Current.” Current.com will act as a user-generated hub, accepting links to news stories, videos, and Continue Reading →

JOOST is planning to offer live online TV. The company’s Executive Vice President of Content Strategy revealed that live programming will begin in Q1 of 2008. Live transmissions will include a “catch-up” option following the initial broadcast. Joost’s initial “live” focus seems to be on sports. The company is speaking with rights-holders for major professional Continue Reading →

IAG has done a study of over 1,000 “hybrid” ads, which closely merge advertising with content to combat ad-skipping. The ads generated 30% higher brand recall than traditional ads. The study found that Jay Leno’s recent live-to-air ad for Garmin doubled that company’s usual viewer recall numbers, and CW’s “content wraps” were among the highest-scoring Continue Reading →

MICROSOFT is seeking a minority stake in FACEBOOK. In recent weeks, Microsoft has offered to purchase a 5% stake in the social-networking site, for between $300 million and $500 million. The offer would value Facebook at up to $10 billion. Google has also expressed interested in buying part of Facebook. The site is looking to Continue Reading →

BRIGHTCOVE has decided to stop developing its YouTube-like Internet video portal, and shift its focus entirely to white-label video services for content publishers. The portal will now “run itself” at Brightcove.tv, while Brightcove.com is retained for growing the core technology business. Brightcove technology serves video on some of the Internet’s top destinations, including The Wall Continue Reading →