Viacom Enters Licensing Deal With Joost
Viacom has announced a licensing deal with Joost, a new Internet service that specializes in commercial video content. The announcement comes just two weeks after the concern ordered Google to pull its content off of YouTube. The deal, which comes right on the heels of the recent collapse of similar talks between Viacom and YouTube, involves licensing content from MTV, Paramount studios, Comedy Central and Spike. Financial details...
Warner Music Makes Another Play For EMI
EMI stated publicly that it has received a buyout bid from Warner Music, the latest play in a seven-year saga in which the two music groups have tried to buy each other. EMI, the world’s third-largest label, said it had not received an actual proposal from Warner, but has had discussions with its biggest rival. Even after two consecutive profit warnings, an EMI/Warner merger would still need to address the same regulatory...
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