US-NET Summary

Sep 25, 2011, 11:02 p.m.

Netflix edges out HBO for Dreamworks deal: report

LOS ANGELES (Reuters) - Netflix Inc has won a deal to pipe Dreamworks Animation movies starting in 2013, the first time a major Hollywood studio has chosen Internet streaming over traditional pay TV, The New York Times reported on Sunday. Dreamworks CEO Jeffrey Katzenberg told the newspaper the deal, worth $30 million per picture to Dreamworks over a number of years, was "game-changing" and represented a bet that viewers would soon no longer make distinctions between content streamed on the Internet or through cable.

Groupon uncertain about IPO timing: WSJ

(Reuters) - Daily deal website Groupon Inc is committed to launching an initial public offering but the exact timing remains uncertain, The Wall Street Journal reported on Sunday in its electronic edition. The timing remains unclear because regulators have been reviewing the company's IPO documents more aggressively than was initially expected, the newspaper said, citing a person familiar with the matter.

Donovan Data, MediaBank to form new company: WSJ

(Reuters) - U.S. advertising-technology companies Donovan Data Systems Inc and MediaBank LLC plan to merge and create a new company called MediaOcean, The Wall Street Journal reported. The companies valued their combination at $1.5 billion and together will process $150 billion in global advertising spending annually, the newspaper, citing people familiar with the matter, reported in its electronic edition.

Amazon's tablet serious challenge to Apple's iPad: analysts

(Reuters) - Amazon.com Inc, which revolutionized reading with its Kindle e-reader, is expected to unveil a tablet computer this week that analysts say will seriously challenge Apple's market dominating iPad. Amazon on Friday invited media to a press conference to be held in New York on Wednesday, declining to provide further details.

Samsung's legal woes threaten to crimp tablets, chips

SEOUL (Reuters) - An intensifying legal battle between Samsung Electronics Co and Apple Inc is expected to crimp growth at one of the fastest growing businesses of the Korean company, while threatening to worsen business ties with the firm's largest customer. The two technology firms have been locked in an acrimonious global battle over smartphone and tablet patents since April, and Apple has successfully blocked Samsung from selling its latest tablets in Germany and some smartphone models in the Netherlands.

After Facebook event, a dot-com boom-scaled party

SAN FRANCISCO (Reuters) - When somebody who has been played by Justin Timberlake in a Hollywood movie decides to throw a party, the expectations are pretty high. And Sean Parker, the man behind free music-sharing service Napster and an early Facebook advisor, clearly likes to give people what they want.

Yahoo received inquiries from many parties: memo

SAN FRANCISCO (Reuters) - Yahoo Inc has received inquiries from multiple parties about "potential options," but the struggling Web company expects to take months to decide its future, the company's co-founders and chairman said in a letter to employees on Friday. "Our advisers are working with us to develop ideas that we will pursue proactively," read the letter, a copy of which was obtained by Reuters.

U.S. Internet rules to take effect November 20

(Reuters) - Long-delayed U.S. Internet rules that tackle the controversial issue of balancing consumer and content provider interests against those who sell access to the Web will take effect November 20. The Federal Communications Commission's "open Internet" order was published in the Federal Register on Friday, and immediately drew threats of court and congressional challenges.

Missouri reverses ban on teacher-student Facebook chats

KANSAS CITY, Mo (Reuters) - Missouri lawmakers on Friday overturned a pending state law that would have banned private chatting between teachers and students on social media sites such as Facebook. The law was blocked by a judge who ruled "it would have a chilling effect on free speech." He issued a preliminary injunction at the request of the Missouri State Teachers Association.

Blockbuster offers streaming for Dish customers

(Reuters) - Blockbuster unveiled a video streaming service limited to Dish Network satellite subscribers, a move to better compete with movie rental giant Netflix and rival cable and satellite TV providers. For non-Dish subscribers, the company plans to unveil an online streaming plan later this year, Blockbuster president Michael Kelly told Reuters in an interview.

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