BlackBerry maker RIM lays off 10% of workforce
via BlackBerry maker RIM lays off 10% of workforce – Jul. 25, 2011 .NEW YORK (CNNMoney) — Research In Motion, the maker of BlackBerry devices, said Monday that it would cut more than 2,000 jobs as part of a previously announced cost-cutting effort. The Waterloo, Ontario-based company said the cuts amount to over 10% of its total workforce. RIM’s headcount will be reduced to about 17,000 after the pink slips are handed out this week. Shares of RIM (RIMM) fell more than 1% in premarket trading. The company also announced new responsibilities for its top management “to...
read moreWalmart.com launches movie streaming with Vudu
via Walmart.com launches movie streaming with Vudu – Jul. 26, 2011 .NEW YORK (CNNMoney) — Wal-Mart must be hoping that the third time’s a charm: It announced Tuesday that it is launching an in-house movie streaming service directly on Walmart.com. Wal-Mart (WMT, Fortune 500), the world’s largest retailer, said it is fully integrating online video service Vudu — which it acquired last year — on Walmart.com. A cloud-based video movie service, Vudu lets customers rent or buy movies over the Internet and stream them to their TVs, Blu-ray players and a...
read moreDreamWorks Animation, Netflix in Streaming Deal
via DreamWorks Animation, Netflix Finalizing Streaming Deal – The Hollywood Reporter DreamWorks Animation, Netflix Finalizing Streaming Deal 5:00 PM 7/24/2011 by Kim Masters, George Szalai DreamWorks Animation and Netflix have been putting the finishing touches on a streaming rights deal for DWA films that could be announced in the coming days. According to a source familiar with the situation, the animation studio, which has a film output deal with Time Warner’s HBO that expires in 2014, and the streaming video powerhouse have reached an agreement. According to Bloomberg...
read moreApple Still Bet to Bid for Hulu | PCWorld
via Apple Still Bet to Bid for Hulu | PCWorld .Apple Still Bet to Bid for Hulu By Ben Camm-Jones, Macworld-U.K. Jul 23, 2011 4:40 pm Apple is considering making a bid for the online video service Hulu, according to a report. Two industry insiders with knowledge of the bid told Bloomberg that negotiations between the two companies were already taking place. However, the sources only spoke to Bloomberg on condition of anonymity and both Apple and Hulu have declined to comment on the report. Hulu, which is owned by Walt Disney, News Corp, Comcast, and equity firm Providence Equity...
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