Roundup: MySpace in deals with labels, Tudou raises $53M, and more
MySpace nearing deals with music labels — Before long, MySpace may be offering streaming music and ad-supported downloads from Sony BMG and Warner Music Group, according to a report from the NY Post. A deal with the two music giants might challenge the dominance of Imeem, which has so far held the advantage in its deals with the four music majors.
Tudou.com raises another $53M, maybe — The Chinese video portal Tudou.com may have picked up $53 million, raising its lifetime total to $81 million, according to news site SinoCast. That wasn’t quite enough for peHUB, which made some calls and was “peppered” with “no comments” from previous investors. Primack suggests that the company may be nervous about an upcoming government penalty, but is likely just tardy in announcing the funding.
Mixx makes top users even more powerful — While the social news site Digg has moved to limit the power of its top users, newer, smaller competitor Mixx seems to have the opposite idea. The site, which calls its top users “Super Mixxers”, has given them the ability to tag news stories as “Breaking”, effectively forcing those stories to display on the front page. Giving the most devoted users more powers essentially makes them the editors of the site, a risky move that other sites have so far avoided.
Xerox begins offering carbon calculator for business — What kind of environmental footprint does the paper use of your office cause? What about using the printer? Xerox has unveiled a new “Sustainability Calculator” to let you know. Of course, nothing is free in life, and becoming sustainable might involve buying some of Xerox’s newest products or availing yourself of their “document outsourcing” service. In the long run, though, getting rid of that old ice-cream cart-sized printer might both help the environment and save money. Get an earful on why from some Xerox spokespeople, here.
Founder’s Co-op starts seeding Seattle-area companies — The co-founders of ill-fated local site Judy’s Book have learned from their lesson, and decided not to start a new company. Instead, the two have opened the Founder’s Co-op, a $2 million fund for seed-stage companies in the Seattle area. Investments will range from $10,000 to $250,000, no doubt served with a side of hard-earned wisdom. Read more at the Seattle PI.
Celebrities are the sign of the beast bubble — Taking a trip down memory lane, GigaOm recalls massive fundings of sites started by actors, musicians and sports stars in the dotcom era — then compares them with recent investments into IBeatYou (coverage here), which has received investment from sports stars, and Skispace, owned by a ski champion. “There might be more such celebrity social-something-video-whatever efforts lurking … when you read about them, well, you know the end is near,” says Om. Then again, we survived the launch three weeks ago of MC Hammer’s DanceJam, so maybe the internet is more resilient this time around.
Viewdle takes first investment from Dubai fund — Viewdle, a company that’s working on a video search technology based on facial recognition, has raised an undisclosed first funding from Dubai-based investment group KIT Capital, according to VentureWire (subscription required). We covered Viewdle during its TechCrunch40 launch.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.
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