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April 29, 2004 --
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Main Stories
o
Google Files for $2.7 Billion IPO
o
Viacom Chairman Redstone to Buy Controlling Stake in Midway Games
o Court
To Hear Dismissal Motions in Napster Case on June 14
o
Ecast, TouchTunes Settle Digital Jukebox Patent Litigation
o WeatherBug Raises $23 Million
in Venture Capital
o EMusic to Sell Live Concert
Recordings on Keychain Hard Drives
> DMW Announcements:
--Washington Digital Media Conference - June 18,
2004
--Digital Media Law Report - Volume 3 - March/April
> Featured
Advertisement:
--PricewaterhouseCoopers' Entertainment and Media Outlook
--Reach Federal Contractors Selling Technologies for Homeland
Security
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Briefly Noted: Song - in-flight
entertainment, O-3, Atari, THQ - LEGO, SNK NEOGEO USA, Midway Games,
Majesco, Vivendi Universal Games, Hard drive makers - DVR add-ons,
AllofMP3.com - $0.05 downloads
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>
Job/Event/Marketplace Classifieds:
--Digital Media Content Manager
--IT Perm and Contract Placement Services
--HireStrategy - Treasury Manager
--Account Executive
--Regional Manager, Business Development
--Director Business Development (DBD)
--Infrastructure Sales Executive
--Sr. Account Executives
--Advanced Selling for High Tech Professionals
--2nd Annual BNA Contracting and Homeland Security Forum -- May
10-12
--Supplier Diversity Summit at SUPERCOMM 2004, June 21, Chicago,
IL
--Customized Your Corporate Logo With Quality Products!
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o Google Files for $2.7 Billion IPO
Mountain View, Calif. -- Search engine giant Google on Thursday
announced that it plans to raise as much as $2.7 billion in an
initial public offering of shares, according to documents filed with
the U.S. Securities and Exchange Commission (SEC). The company did
not announce a date for the offering, or whether it would be on the
Nasdaq or New York Stock Exchange, but did reveal that it would
offer shares via an online auction to level the field between large
and small investors. "It is important to us to have a fair process
for our IPO that is inclusive of both small and large investors,"
said Google co-founders Sergey Brin and Larry Page. "Many companies
have suffered from unreasonable speculation, small initial share
float, and boom-bust cycles that hurt them and their investors in
the long run. We believe that an auction-based IPO will minimize
these problems." In the SEC filing, Google said that its 2003
revenues were $961.9 million, and that it made a net profit of
$106.5 million for the year as sales rose 177% over 2002 totals.
http://money.cnn.com/2004/04/29/technology/google
_____________________________________________
o Viacom
Chairman Redstone to Buy Controlling Stake in Midway Games
New York -- Viacom chairman Sumner Redstone has announced his
intention to purchase a controlling stake in Chicago-based video
game developer Midway Games. In an SEC filing, Redstone said he
intends to increase his stake in the company, which has created
games including "Mortal Kombat" and "The Suffering," from 49.3% to
60%. "Do not look at this as a Viacom agenda ... it's a personal
investment," Redstone told Reuters. "I have absolutely no intention
to dispose of Midway. Midway will be owned by myself and National
Amusements, my company." Midway this week reported financials for
the first quarter of 2004, saying it suffered an operating loss of
$14.2 million -- up from a loss of $9.3 million in Q1 2002 -- and
revenue that fell from $45.8 million last year to $20.1 million in
Q1 2003. "You will see very soon an enormous infusion of great
creative talent to Midway -- and I mean very soon," Redstone added.
http://biz.yahoo.com/rc/040428/media_midway_redstone_3.html
http://www.gamesindustry.biz/content/pub/3371
http://www.midway.com
____________________________________________
o Court To Hear
Dismissal Motions in Napster Case on June 14
San Francisco -- A federal judge in San Francisco has set June 14
to hear motions to dismiss lawsuits claiming investors in Napster
cost the music industry $17 billion in lost sales, Reuters reported.
The suit contends that Bertelsmann's $90 million investment in
Napster helped keep the service operating illegally for an
additional eight months. In addition to the Bertelsmann case,
Universal Music and EMI Group have also sued venture capitalists
Hummer Winblad, claiming the firm's $15 million investment decisions
about Napster also promoted illegal piracy. Napster later filed for
bankruptcy and its assets and name were purchased by Roxio, which is
now offering a pay-for-use service under the Napster brand.
http://biz.yahoo.com/rc/040427/media_napster_1.html
____________________________________________
o Ecast,
TouchTunes Settle Digital Jukebox Patent Litigation
San Francisco -- Ecast and TouchTunes, two makers of digital music
jukeboxes placed in bars and restaurants, announced on Thursday that
they have agreed to settle outstanding patent infringement suits
filed against one another. Under the terms, San Francisco-based
Ecast agreed to pay Las Vegas-based TouchTunes a total of $4
million. The companies also agreed to cross-license each other's
technology. Both companies offer products that download MP3 files
over the Internet in order to update jukebox selections, unlike
CD-based jukeboxes that rely on traveling reps to physically install
new CDs in each jukebox in operation.
http://biz.yahoo.com/iw/040428/066534.html
http://www.touchtunes.com
http://www.ecastinc.com
____________________________________________
o WeatherBug
Raises $23 Million in Venture Capital
Gaithersburg, Md. -- WeatherBug, which runs one of the most popular
Internet-based weather applications, announced on Thursday that its
parent company, AWS Convergence Technologies, has secured $23
million in financing. Investors in the round included Sequoia
Capital and Polaris Ventures -- both new investors -- as well as
HarbourVest, the lead investor in the company's initial financing.
Last week, WeatherBug, which provides localized weather information,
announced a partnership with AOL Instant Messenger to launch an
integrated service.
http://biz.yahoo.com/prnews/040429/nyth102_1.html
http://www.weatherbug.com
____________________________________________
o EMusic to
Sell Live Concert Recordings on Keychain Hard Drives
New York -- Digital music distributor eMusic, now a unit of private
equity firm Dimensional Associates, will launch a new service on May
21 that lets concertgoers take home a keychain hard drive containing
a recording of the performance they just attended in MP3 format, the
Associated Press reported. A pilot of the eMusic Live program will
launch at Maxwell's in Hoboken, N.J., where automated kiosks will be
installed to sell the reusable keychain drives for $20 each, plus
$10 for the concert recording. The mostly independent artists using
the service will have control over sound quality and get a cut of
the profits. "This is a tool that allows fans to take home and share
some of the best independent music from small live venues around the
country," said Dimensional Associates CEO Daniel Stern. Recordings
offered on eMusic Live feature artists including Calla, The Walkmen,
The Polyphonic Spree and The Dismemberment Plan.
http://www.wired.com/news/digiwood/0,1412,63273,00.html
http://www.emusic.com/features/emlive
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> DMW Events:
Washington
Digital Media
Conference
June 18,
2004
|
Washington, DC
www.digitalmediaconference.com
OVERVIEW
Media and entertainment companies are
going through a digital transformation, which is impacting
traditional business models and changing the way we distribute,
access and market media and entertainment.
Washington Digital Media Conference
brings
together decision-makers from the leading
media, entertainment and technology
companies in the Greater Washington, DC area
for a 1-day executive forum
focused on business, legal/policy and
technology
developments impacting digital media.
Get a unique view of the future of media and entertainment from
the inside. Gain insight into new business opportunities driving
the transformation of entertainment and media businesses. Take a
hard look at how traditional challenges to sustainable business
models are dissolving, only to be replaced by new obstacles, and
how we can prepare now to overcome them. Examine media and
entertainment-based technologies emerging today and explore how
these technologies are driving the transformation of the media
and entertainment industries.
How are traditional business models being
reinvented? What are the challenges and opportunities involving
digital media? What do you need to do to stay competitive in the
technology age? Be a part of this inaugural event, which brings
together the business and government leaders who are transforming
the Greater Washington, DC area into a center for digital media
innovation and development.
REGISTRATION
Early Bird Registration: $195 (until May
24th)
Pre-Registration: $295 (until June 11th)
Registration: $395 (after June 11th)
Online :
http://kb.digitalmediawire.com/register.php?eventid=1067
Phone: 323-822-0936
To submit speakers for
or request information about exhibiting or sponsoring at the 2004
conference, please contact Tinzar Than, VP, Marketing & Events,
Digital Media Wire, Inc. at:
tinzar@digitalmediawire.com.

Digital
Media Law Report
New Featured Section
- Volume
3 - 2004
We are pleased to announce that we have added a "Featured
Section" to Digital Media Law & Policy Report.
We will use this
section to provide in depth coverage of certain cases, events and
policy developments each month.
Subscriptions
-
Order
Volume 3 - March/April 2004 Report
-
Order
Past Events
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Sponsorship Materials
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Partners & Clients
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> Featured Advertisement:
> PricewaterhouseCoopers' Entertainment and Media Outlook
Purchase the book every entertainment and media executive must
have. The PricewaterhouseCoopers' Entertainment and Media
Outlook: 2003-2007 analyzes key trends and forecasts spending in
the U.S. and Canada across 14 industry segments, including a
Global Overview that forecasts spending and analyzes trends
worldwide (also sold separately).
More
Information
___________________
> Reach Federal Contractors Selling Technologies for Homeland
Security
The 2003-2004 Directory of Homeland Security has complete
listings for 532 companies selling technologies and services
devoted to homeland defense. Nearly all major federal contractors
are included in the section, which includes company names, key
personnel, addresses, phone and fax numbers, urls, annual
revenues, number of employees, business sector, general
descriptions and homeland security relevance. To order the
2003-2004 edition,
click here.
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o Briefly Noted: (Atlanta)
Song, the new specialty airline from Delta Air Lines, announced on
Thursday that its entire fleet of 32 aircraft has now been equipped
with an interactive entertainment system that includes free
satellite TV, digital radio and interactive trivia for all
passengers. In addition to the current offering of DISH Network TV
and a trivia game that may be played against other passengers, Song
plans to add video-on-demand, the ability to create custom MP3
playlists, and additional game titles.
http://www.flysong.com/song_and_you/inflight_entertainment/index.jsp
(Santa Clara, Calif.) A number of former executives from video
game developer Capcom have announced the formation of a new video
game publishing and distribution company, O-3. Founded by former
Capcom Entertainment president Bill Gardner, the Santa Clara,
Calif.-based company will seek out titles from small and mid-size
developers and provide publishing services including sales and
distribution, marketing and public relations, and operational
elements like replication, warehousing and shipping. "There are a
lot of high quality games being left on the table because they
aren't the next installment of last year's licensed blockbuster,"
remarked Gardner. "O-3 Entertainment's approach to publishing will
lead to more diverse and creative choices for gamers at retail."
http://www.o3entertainment.com
(Beverly, Mass.) Video game publisher Atari said on Thursday that
its "Transformers" game for PlayStation 2 has gone gold and will be
available in stores on May 11. Developed by Atari's Melbourne House,
the game is based on Hasbro's toy line and the cartoon series that
marks its twentieth anniversary this year.
http://biz.yahoo.com/bw/040429/295015_1.html
http://www.atari.com/transformers
(Calabasas Hills, Calif.) THQ announced on Thursday that LEGO
Interactive is currently in development on "LEGO Knights' Kingdom"
for Nintendo Game Boy Advance. Part of a multi-title exclusive
publishing agreement between LEGO Interactive and THQ, the game is
scheduled to ship in the fall.
http://biz.yahoo.com/bw/040429/295082_1.html
http://www.thq.com
http://media.lego.com/default.asp
(Wall, N.J.) Arcade and video game developer SNK NEOGEO USA on
Thursday previewed the slate of new titles it will showcase at next
month's E3 Expo in Los Angeles. In addition to "KOF: Maximum Impact"
for PlayStation 2, the company will for the first time display
"Metal Slug 3" and "SNK vs. Capcom SVC Chaos" for Xbox, and "Metal
Slug Advance" and "Samurai Showdown 5" for Nintendo Game Boy
Advance.
http://www.snkneogeousaconsumer.com
(Chicago) Midway Games said on Thursday that "Shadow Hearts:
Covenant," a sequel to its fantasy roleplaying title Shadow Hearts,
will be published in the fall for PlayStation 2. The game is being
developed in Japan by Aruze Corporation.
http://biz.yahoo.com/bw/040429/295023_1.html
http://www.midway.com
http://www.aruze.com/index.html
(Edison, N.J.) Game developer Majesco said on Thursday it will
publish "Guilty Gear X2 #Reload" for Microsoft Xbox this summer.
Created by Japanese developer ARC System Works, the game will
feature online elements supported by Microsoft's Xbox Live online
gaming service.
http://biz.yahoo.com/bw/040429/295094_1.html
http://www.majescogames.com
http://www.arcsy.co.jp/company/aswe.htm
(Los Angeles) Vivendi Universal Games said on Thursday that it
will publish "SWAT 4" for undisclosed platforms in the first quarter
of 2005. The tactical first-person, squad-based shooter title is
being developed by Boston-based Irrational Games.
http://www.irrationalgames.com
(San Francisco) CNET News.com reported on Thursday that a number
of hard drive makers will soon release external add-on drives for
digital video recorders, which will increase the amount of TV
programming that may be recorded by the devices. Both Maxtor and
Seagate Technology will release DVR companion drives, which they say
will be quite easy to hook up and download software so they function
with the recorder.
http://news.com.com/2100-1041-5201828.html
http://www.maxtor.com
http://www.seagate.com
(London) U.K. news site TheRegister reported on Thursday on a
Russian digital music service that offers anyone interested song
downloads for as little as $0.05 apiece. AllofMP3.com claims to be
legal, having licensed its tracks from the Russian Multimedia and
Internet Society. The site charges by the megabyte, offering 1MB of
music for $0.01 or 500MB for $5. TheRegister calculated that $50 of
music purchased from the Russian site would cost about $958 if
purchased from Apple's iTunes Store.
http://www.theregister.co.uk/2004/04/28/russian_music_service
http://smh.com.au/articles/2004/04/26/1082831475556.html
http://www.allofmp3.com/index2.shtml
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>
Classifieds:
> Digital Media Content Manager
Manage content acquisition and launch for various Digital Media
products. Coordinate with partners and Nextel Business
Development to obtain Digital Media Content for catalog· Manage
relationships with publishers and aggregators of Digital Media
content · Manage operational processes for posting of products
Coordinate with marketing and partners for promotion of Digital
Media products· Send resume and cover letter to
chris.allison@nextel.com.
Support field and marketing on application questions
www.nexteljobs.com
60461.
_________________
> IT Perm and Contract Placement Services
Technical Staffing Solutions specializes in recruiting the hard
to find candidates with or without high level DoD security
clearances. We can provide your firm with solutions ranging from
1 permanent employee to a team of technical consultants for the
duration of your short or long term engagement. Send inquiries to
Skip Kearnes at
skearnes@techstaffsolutions.com or call 703-451-3882
for more information.
___________________
> HireStrategy - Treasury Manager
Candidate will oversee a staff of two and will perform servicing
reports for 3 Lines of Credit, Cash allocations for the lines of
credit, forecast using a cash mgmt model, oversee wire
transfers/cash transfers, work with investment bankers and deal
teams, and handle business loan trusts. Qualified candidates will
have 4-7 years of exp. with an accounting foundation. Financial
services experience is preferred. Please send resume to
mmolinas@hirestrategy.com or visit
http://www.hirestrategy.com/quicklinks/hire185.asp
_________________
> Account Executive
Account Executive and Inside Sales position available for highly
motivated individuals with success selling software development
services to private sector customers. Since 1982, Information
Concepts (http://www.InfoConcepts.com) develops fixed-price,
custom web-based, mission critical, database applications.
Commissions based on gross sales with no limit on commission
earnings. Send resumes to
Resumes@InfoConcepts.com
_________________
> Regional Manager, Business Development
New Business Sales Executive needed by a Web training company
located in Washington, DC. Successful candidate will have the
ability to prospect, propose and close training and consulting
solutions with Fortune 1000 and technology companies.
Requirements include professionalism, strong communications
skills, knowledge of the internet, and a successful track record
of exceeding sales objectives. Competitive base plus incentives
and benefits. Send resumes to
lgant@westlake.com
____________________> Director Business Development (DBD)
Major, Hagen & Africa is the world's largest attorney recruiting
firm with the top in-house and law firm placement record
globally. The DBD will be responsible for client sourcing
strategies and the relationship development process with C-level
executives, General Counsels, CFO's and VP's of HR. Minimum of
two years' consultative selling experience including knowledge of
the Bay Area business sectors, preferably within the bio-tech/pharma
industry; JD or advanced degree is a plus. Submit resume and
salary requirements. Send resumes to
jmckinlay@mhaglobal.com
____________________
> Infrastructure Sales Executive
Systems Alliance is a Baltimore-based technology co. Position
reports to V P Sales and proactively markets tech infrastructure
incl. servers and storage. Responsibilities incl. dev. pipeline
of infrastructure opportunities & participating in dev. of
configs. Tech skills req'd are knowledge of various network
environments & architectures. 5+ yrs selling complex tech
solutions ideal. See sysalli.com/Careers/JobPostings.html for
more information. Send resumes to
pchapman@systemsalliance.com
____________________
> Sr. Account Executives
You will be the primary person on our new accounts, and direct
and execute our programs. You will contribute to strategy, and be
responsible for media relations, analyst programs, industry
outreach, as well as customer profiles. Successful candidates
will have at least 4 years of agency or relevant industry
experience. You will have excellent track records with PR
programs, superior placements in business and technology press,
top-notch writing and pitching know-how and a strong grasp of
technology markets. Please send your cover letter and resume to
jobs@corporateink.com The pitch should tell us why you're the
person we're seeking. For more visit
http://www.corporateink.com
____________________
> Advanced Selling for High Tech Professionals
Are Sales Cycles getting longer? Are your discounts getting
larger? Do prospects keep you at arms length? The Sandler Sales
Institute of VA has a GUARANTEED program for High Tech
Professionals that will help you to solve these problems. Held at
Virginia's Center for Innovative Technology, May 13th and 14th,
8:30am- 4:30pm. Admission is $995.00. For more information visit:
http://www.sandlersalesguru.com or call 866-904-0600. Send
inquiries to
kevin@sandlersalesguru.com
___________________
> 2nd Annual BNA Contracting and Homeland Security Forum -- May
10-12
Homeland security forum speakers from the Department of Homeland
Security:
include Steven Cooper, CIO; Josh Filler, Director of the Office
of State
and Local Government Coordination; David Bolka, Director of
HSARPA;
Gregory Rothwell, Chief Procurement Officer; Kevin Boshears,
Director,
Office of Small and Disadvantaged Business Utilization; Hugo
Teufel,
Associate General Counsel for General Law; and Patrick Schambach,
CIO,
Transportation Security Administration. Info/Registration:
http://www.homeland-conference.com/
___________________
> Supplier Diversity Summit at SUPERCOMM 2004, June 21, Chicago,
IL
The Supplier Diversity Summit at SUPERCOMM 2004 in Chicago is a
forum for MWDVBEs and corporate supplier diversity teams to stay
current on the latest business, political, regulatory and
technical activities in the telecommunications industry. For more
information on the summit, visit http://www.tiaonline.org/events/supplierdiv2004.cfm
Send inquiries to
lream@tiaonline.org
_________________
> Customized Your Corporate Logo With Quality Products!
Pacific West Marketing offers quality, innovative, uniquely
designed products and concepts with a creative flair, for all of
your Special Events, Promotional Programs, Corporate Identity
Programs, Recognition & Awards, etc.
All of our quality products can be Customized with your Corporate
Logo! Please visit our website:
www.pacificwestmarketing.com
Make your next Promotion a Special Event!! Contact Pacific West
Marketing today: 949-489-2110 Email:
Ed@pacificwestmarketing.com
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About Us
Digital Media Wire, Inc. is a news organization, publisher and
events company serving the digital media industry since May 2000.
Our daily newsletter delivers original briefings on
business, legal and financial developments shaping digital media and
read by over 30,000 executives and professionals. To
subscribe for free, please
click here.
Digital Media Wire, Inc. is part of the Tech Wire Media Group, an
international network of publications that includes Digital Media
Law Report, Potomac Tech Wire, New England Tech Wire, Southeast Tech
Wire, Bay Area Tech Wire, Tri-state Tech Wire and European Tech
Wire. The network reaches more than 70,000 individuals from over 70
countries each business day.
Advertising & Sponsorship
Publications, Events & Information
Executive & Editorial Team
Chief Executive Officer: Ned Sherman
VP, Marketing & Events: Tinzar Than
Editor: Mark Hefflinger
Contact Us
Questions, Comments & Suggestions
News Tips & Press Releases
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Copyright 2004 Digital Media Wire, Inc. All Rights Reserved.
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