MySpace on Wednesday acquired social-networking site Imeem for an undisclosed sum, but sources with knowledge of the deal say is worth about $8 million.
The News Corp.-owned MySpace has agreed to pay $1 million in cash, but the total figure also includes money for accounts receivable and employee earn outs. Regardless, the price is a big loss for investors who poured upwards of $30 million into the pioneer ad-supported music service.
An Imeem spokesman declined to comment.
Imeem will continue to operate as a standalone site, at least initially, according to the sources. One source said that Imeem's … Read more
For every overnight digital success such as Twitter, there's a technology that came up the hard way, clawing every point of market share from bitter rivals and struggling to win over a disinterested public. But quality triumphs in the end. Here are 10 sleeper technologies whose day came at last.
Read more of Sleeper successes: Tech that's taken its time at Crave UK.
Justin is sick today, so Demetrius Wren and Christina Ghubril join the show to talk about their new film "Streetball." It's the story of a group of homeless South African kids who try to break out of the cycle of poverty by competing in the Homeless World Cup. After some calls about "1984" and convergence, we talk a bit about some unusual uses of bacon flavor.
The most amazing part of "Streetball" was that it was entirely written, shot, edited, directed, and produced by two people! It's a full-length transcontinental movie made possible with only a couple of laptops and some prosumer cameras that have really leaped toward professional film cameras. Demetrius points out that it would not have been possible to shoot their film with a huge camera crew and big pieces of equipment.
The movie is a really fascinating look at how South Africa has changed and not changed since the end of apartheid. The pair says the film is on track for a June-July 2010 release, so be sure to check it out. (Side note: "Streetball" is sponsored by the From Us with Love charity. Be sure to donate!)
After the break, we get to some voice mails about how George Orwell's dystopian future may already be here. That means it may be a normal thing this time next year for Big Brother to know exactly what you purchased at Wal-Mart and that you spend way too much time at the bar down the street.
Last story of the day is about bacon--oh, that delicious food of the gods! Jeff the Hypochondriac thinks bacon-flavored envelopes just might be enough to get him to lick his envelopes closed again. Meanwhile, an intrepid live listener of the show shows us some bacon-flavored chapstick along with some bacon-flavored...personal...lubricant. Yeah, the show ends on that note today.
Side note: We changed the way we're naming our shows in the blog. This is probably going to result in some confusion and backlash. It was done to please the Internet gods.EPISODE 470 Subscribe in iTunes audio | Suscribe to iTunes (video) | Subscribe in RSS Audio | Subscribe in RSS Video… Read more
Spontaneity doesn't come naturally to everyone. Neither is it welcomed by everyone.
So please imagine how those who visited the new Microsoft store in Mission Viejo, Calif., a few days back must have felt when store employees suddenly decided to drop their trousers, wave their Zunes in the air, and sing a couple of Maria Callas' greatest hits.
No, it really wasn't quite like that. However, I feel sure that one or two people might have preferred the trouser-dropping and Zune-waving over the spectacle that actually occurred.
As the Black Eyed Peas were forced to propel some of … Read more
We're fans of Nvidia's 3D Vision technology, which uses a collection of hardware and software to create 3D versions of PC games. Our main knock against the concept has been that it requires several highly specific hardware purchases to work. In a recent article comparing Nvidia's 3D Vision technology to a new 3D laptop from Acer, we said:
Nvidia's 3D Vision requires a bundle of specialized hardware. At a minimum, the active glasses plus the USB emitter cost $199. But since 120Hz LCD monitors are still not common (and Nvidia only lists two officially compatible models, … Read more
To work at CNET UK, you have to take the managing director out on a date and make her laugh. The rule is simple: if she don't laugh, you ain't staff.
There. That was a rumor we just started. See how easy it is? The great thing about rumors is they only need the tiniest speck of something that sounds like truth to be credible, and if they're proven wrong--hey, there'll be another one along in a minute.
We've picked eight stinkers from tech history that teased and twisted the minutest grains of plausibility into … Read more
Sony took some heat for removing backward compatibility from the PlayStation 3 so early in its lifetime, but the elimination of such functionality has opened the door for re-releases of classic PS2 games like the God of War franchise. We already chatted with John Hight, Director of Product Development for Sony Computer Entertainment Worldwide Studios, at Santa Monica Studio about what to expect from the Collection, so let's see what we think after a week's worth of playtime with Kratos and the final version.
In the God of War Collection, both God of War I and II have … Read more
We've already had some time with the new Xbox Live Dashboard update, and now the new firmware, which will bring Facebook, Twitter, and Last.fm to the console, is available for download today.
In addition to these services, Microsoft will be rolling out Zune Video, which promises instant-on 1080p video streaming as well as 5.1 surround sound.
We should note that Twitter, Last.fm, and Facebook will require an Xbox Live Gold membership ($50/year) and both Twitter and Facebook services require all users to be at least 18 years of age.
If you aren't a member … Read more
Episode 58 of the Digital City, where we wrangle with the legal arguments over Apple vs. Psystar; show off the latest super-fancy laptop to hit our desks, the $2,000 HP Envy 15; and find the world's best laptop backpack in the Booq Boa.
Both Modern Warfare 2 and New Super Mario Bros. Wii get some praise, while PSP Go sales seem to hit a wall; and we compare the original God of War games to the new polished-up versions in the God of War collection for PS3.