Yahoo announced early this morning that it has agreed to pay $1.1 billion for Tumblr, the six-year-old blogging site that touts more than 100 million users, but little in the form of revenue. While Tumblr users have already expressed concerns that the site could end up cluttered with ads, Yahoo CEO Marissa Mayer promises “not to screw it up.” The deal marks the largest social acquisition in years, surpassing last year’s $1 billion purchase of Instagram by Facebook. Continue reading Yahoo Announces $1.1 Billion Acquisition Plan for Tumblr

During day three of its I/O developers conference on Friday, Google announced that in-app revenues via the Google Play store are up 700 percent since the same period last year. The company’s recently launched Google Subscriptions model is also seeing progress, doubling inbound revenue each quarter since its launch about 12 months ago. Some apps using Subscriptions as their revenue model, such as Pandora, have reached the top grossing list. Continue reading I/O: Google Play In-App Purchases Increase by 700 Percent

In an effort to boost lagging television sales, Best Buy announced that 700 of its U.S. stores will start selling Sony 4K Ultra HDTVs this week. The home theater departments of Best Buy and Magnolia stores will prominently display the 4K sets and offer demonstrations that tout the benefits of the new format over current 1080p offerings. The demos are expected to emphasize up-scaling capabilities to help attract consumers. Continue reading Best Buy Now Selling Sony 4K Televisions in its U.S. Stores

We recently reported that networks such as ABC, TBS and TNT will be offering new apps that reflect the multi-platform TV Everywhere strategy so prevalent at last week’s Upfronts in New York. USA Network is making a similar move with its “screen unification strategy” that synchronizes the viewing experience across TV, online and mobile. USA, which unveiled its plans on Thursday, will begin rolling out the new initiative in early June. Continue reading Upfronts: USA Network Unveils Screen Unification Strategy

Successful YouTube channel Machinima recently launched an app for Xbox Live. The move is notable for the video entertainment channel, which is already available on iOS and Android apps, since it marks the first significant expansion to a distribution network beyond YouTube. Additionally, it marks the first time that Microsoft has introduced an app in all 41 of its global Xbox Live markets simultaneously. Continue reading Machinima App for Xbox Live: Reaching Beyond YouTube

Google’s Internet-connected Glass device will soon feature seven new apps, which the company hopes will makes the glasses more functional. The Glassware apps, announced at the I/O developers conference yesterday, include Twitter, Facebook, Tumblr, reminder notes from Evernote, news alerts from CNN and fashion features from Elle. The seven additions join Path and The New York Times as the only apps currently available on Glass. Continue reading Glassware: Google Announces New Apps for Glass Device

Amazon.com distributed tens of millions of dollars in new Amazon Coins virtual currency earlier this week by depositing 500 Coins, the equivalent of $5, into the accounts of every customer using a Kindle Fire. The company will also offer Coins at discounts of up to 10 percent when purchased in bulk. In an effort to increase customer loyalty, the Coins can be used for products and services available at the Amazon Appstore and within Kindle Fire tablet apps. Continue reading Amazon Debuts Virtual Coins for Appstore and Kindle Fire

Elevatr is a new mobile app from 23-year old CEO David Spiro and New York-based app development agency Fueled. The free iOS app is designed to help entrepreneurs keep track of their concepts and develop effective models, in hopes of turning innovative ideas into practical business plans. Elevatr is basically a note-taking app that makes a traditional business plan accessible for concept development on mobile devices. Continue reading Map Out Your Startup Business Plan with Elevatr Mobile App

We recently reported that Microsoft has scheduled a May 21 event to launch its next generation Xbox console (we’ll have details next week). Another piece of hardware has also been in development, but its future is less certain. Microsoft has been working on a set-top device for streaming video and other entertainment media, including a version that uses Kinect motion-control technology. However, it is not clear whether the product will be released. Continue reading Will the Microsoft Set-Top Box Ever See the Light of Day?

Google unveiled its All Access streaming music service at this week’s I/O developers conference in San Francisco. The service, viewed as a potential competitor to Spotify, also has some musicians concerned about a future in which music listeners choose subscriptions to access music libraries rather than paying to download individual songs. Industry execs, labels and artists are debating the pros and cons of cloud-based music distribution. Continue reading Google All Access: Potential Impact of Another Music Service

Google kicked off its annual I/O developers conference yesterday with a three and a half hour keynote delivered before 6,000 attendees at the Moscone Center in San Francisco. In addition to a surprise appearance by CEO Larry Page, who discussed obstacles to technological progress and answered questions from software developers, the event detailed updates and new releases involving Google+, Google Maps, Hangouts, Google Play Music All Access, a special Galaxy S4 smartphone and more. Continue reading Google I/O: New Music Service, Google+ Updates and More

As part of yesterday’s Google I/O keynote, the company’s CEO Larry Page made a surprise visit on stage to discuss his take on technological progress and answer questions from software developers in attendance. During his remarks, Page suggested that computer science has a marketing problem today, we should be doing more to encourage children’s pursuit of science, and technological progress has been hampered by needless competition among tech companies. Continue reading Google I/O: Chief Exec Calls for Technology Cooperation

YouTube announced that it will now offer its live streaming to any channel owner with at least 1,000 subscribers. This is the next step in the site’s efforts to make live online video more robust and attractive. Last year, YouTube offered select publishers the ability to charge for live streams, and earlier this year it introduced a new live video platform that features DVR and real-time auto-transcoding functionality. Continue reading YouTube Opens Live Streaming to More Channels this Week

In the wake of ABC’s announcement that it would upgrade its app to live-stream local programming in the New York and Philadelphia areas, TBS and TNT plan to offer live 24/7 streaming of their series and sports coverage beginning this summer. The streams will be available via the channels’ websites and soon-to-launch mobile apps called Watch TNT and Watch TBS. The apps will initially be offered for iOS devices, with support for other platforms expected by the end of the year. Continue reading TBS and TNT to Offer Live Streaming and New Mobile Apps

According to inside sources, Google may unveil its rumored subscription music services today at the Google I/O developers conference in San Francisco. The company has reportedly signed separate licensing deals with Sony Music Entertainment and Universal Music Group that involve both YouTube and Google Play, the entertainment hub for the Android operating system. Earlier this year, Google signed similar agreements with Warner Music Group. Continue reading Google Signs Labels, Readies Subscription Music Services