As predicted Virgin Media is to delay its auction in the hope credit market turbulence will settle to allow private equity suitors to finance bids of up to $23 billion (E16.8bn). The UK company had set a deadline of next week for initial offers, after an approach by Carlyle kicked off an auction. But its […]

Disney has made its first acquisition in social networking buying Club Penguin, which operates an online virtual world for children, for a fee that could eventually rise to $700 million.The deal bolsters its presence in digital entertainment. Unlike social networking sites for older audiences, such as MySpace and Facebook, Club Penguin has a subscription-based business […]

An association of computer and communication companies, including Google, Microsoft and Yahoo, accused several professional sports leagues, book publishers and other media companies of misleading and threatening consumers with overstated copyright warnings. In a complaint to the Federal Trade Commission, the group, the Computer and Communications Industry Association, said that the National Football League, Major […]

Viacom Inc posted a better-than-expected profit, boosted by the film division. The New York-based owner of MTV Networks, Paramount movie studios and Nickelodeon cable channels said its second quarter profit fell less than 1 per cent to $434 million down from $437.3 million a year earlier. Revenue rose 13 per cent to $3.19 billion ahead […]

Widevine has filed a patent infringement lawsuit against Verimatrix for unspecified damages. The lawsuit comes following attempts by Widevine to openly license its intellectual property to Verimatrix. Widevine claims it has important intellectual property in the field of content protection with a robust patent portfolio of 8 issued patents and approximately 45 domestic and international […]