hulu

Maija Palmer

DailymotionDailymotion, Europe’s biggest online video challenger to YouTube, on Thursday said it had raised $25m in a new funding round led by the French Sovereign Fund (FSI). The French strategic investments fund, which is 49 per cent owned by the government, contributed $11m to the round, with all the existing investors, Advent Venture Partners, AGF PE, Partech International and Atlas Ventures,  taking part.

Dailymotion chief executive Cedric Tournay also said the company had now hit break-even and expected to make a profit next year. The site now attracts around 60m unique users each month, up from 35m a year ago.  Although it is dwarfed by YouTube, it is doing well to survive and grow in a market where competitors like Joost and Veoh have had to retreat. Read more

Chris Nuttall

Boxee is breaking out of that box we had put it in and labelled:   Upstart Internet TV pioneer unloved by the establishment.

At a San Francisco party on Tuesday night, it announced a partnership with Major League Baseball to offer thousands of games live and on-demand in high-definition. Read more

  • Google executives mounted a concerted public defence of how the search company wields its wide-ranging power on the internet amid signs of growing regulatory concern. The comments came as a Google lawyer confirmed for the first time that US regulators had shown their interest in possible competition issues raised by chief executive Eric Schmidt’s position as a director on Apple’s board.
  • Hulu, the US online video service owned by NBC Universal, Fox and Walt Disney, has signed its first batch of content deals with international television producers, the first step towards a full global launch of the service. The company was set up 18 months ago by the media companies as a viable alternative to YouTube for professionally produced content.

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  • IBM took its offer to buy Sun Microsystems off the table when the onetime Silicon Valley powerhouse asked for more money, and said it wanted to talk with other potential buyers when IBM balked. People familiar with the negotiations said everything might still be worked out, since no other suitors are expected and the financial difference between the two sides isn’t vast.
  • The Associated Press is hoping to stanch what it claims is the rampant unauthorised republication of its content across the web. Websites – including Google News – will have to seek permission to use the work of the AP or its member newspapers, and may face legal action if they don’t comply.

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