Swedish startup Newstag has developed a compelling revenue-sharing approach that it hopes will solve the “broken economic model” of today’s news dissemination and consumption. Newstag plans to help professional news organizations, brands, NGOs and general consumers make money from news when it launches its service commercially in September. According to journalist and ETCentric contributor Adrian Pennington, the company recently announced $1.3 million in seed funding. Continue reading Newstag Slated to Launch Crowd-Curated Video News Service

Facebook announced that its profits more than doubled and revenue exceeded estimates for the ninth straight quarter due largely to mobile ad growth. About 62 percent of the social network’s ad revenue now comes from mobile devices. According to eMarketer, advertising for mobile this year is projected to surpass advertising for newspapers, magazines and radio for the first time. Facebook also added another 40 million registered users, with the daily login increasing by 27 million. Continue reading Facebook Experiences Surge in Users and Mobile Ad Revenue

Researchers at Nvidia have found a trick that solves the problem of users being able to see the pixels in their VR headsets. By using a “cascaded display” involving two LCD panels, the researchers found that they could quadruple the pixel density of the headset, making pixels invisible to the eye even at close range. The cascaded displays also have a faster frame rate, making images appear smoother, and a reduced brightness, which is not a concern for the displays in VR headsets. Continue reading Nvidia Designs New Pixel-Dense LCD Panels for VR Headsets

RadioShack plans to stock DIY kits in its retail locations that provide consumers with the ability to create an array of connected devices. New York startup LittleBits has been selling sets that allow users to connect, for example, a sound detector to a LED light, for illuminating a small space every time a radio is turned on. LittleBits now offers its $99 Cloud Starter Bundle that connects gadgets to the Internet, while companies such as Bug Labs and Electric Imp are also offering ways to create connected devices. Continue reading Kits for Internet-Connected Devices to Hit RadioShack Shelves

New York-based startup Keep allows Internet shoppers to add any merchandise from across e-commerce sites to one unified shopping cart. Now, with the addition of the OneCart feature, users can add an item from any online store to the mobile app and check out with minimal effort. And rather than entering credit card and shipping information for every shopping site, Keep unifies the experience by allowing users to enter information just once to be used universally. Continue reading Keep’s OneCart Service Makes Online Shopping Even Easier

Amazon plans to beef up its investments in original, Web-only, video programming. The company’s CFO Tom Szkutak explained that Amazon is slated to spend about $100 million on “many new pilots” during Q3 2014. Amazon’s Prime Instant Video has been trying to keep up with Netflix, but has yet to reach the success of hits such as “House of Cards” and “Orange Is the New Black.” However, $100 million was the amount Netflix gambled on the first two seasons of “House of Cards” alone. Continue reading Amazon Plans to Make Major Investment in Original Programs

British Sky Broadcasting Group (BSkyB), the largest pay TV broadcaster in the UK and Ireland, is making an additional $400,000 investment in Jaunt, a Silicon Valley company developing 360-degree virtual reality cinema tech. The British broadcaster invested $350,000 in Jaunt last December, hoping to get one step ahead in the future of television. Jaunt’s technology, which uses Oculus Rift VR headsets, could be rolled out commercially as early as three years from now. Continue reading BSkyB Makes Another Investment in Cinematic VR Developer

Senate Majority Leader and Nevada Democrat Harry Reid explained in a letter Monday that he would support “any Open Internet rules” passed by federal regulators. FCC Chairman Tom Wheeler proposed rules that would allow companies such as AT&T, Comcast and Verizon to charge more for faster Internet access. Meanwhile, opponents view such arrangements as a direct threat to net neutrality. Reid’s letter could help provide cover for the FCC in regulating Web services similar to a utility. Continue reading Senate Majority Leader Offers Support for Open Internet Rules

Nokia is testing a new service in Munich that would allow viewers to get TV broadcasts from the Bayerischer Rundfunk company through airwaves on the LTE network. Nokia has already tried LTE-Broadcast technology in the U.S., but this trial is more like a traditional broadcast network because it sends out the same video signals to everyone. LTE-Broadcast is an industry standard, and if it’s successful, broadcasters will be able to reach millions of people through their mobile devices. Continue reading Nokia Experiments with Broadcasting TV Through LTE Network

Introduced by Facebook’s Instagram, Bolt is a one-tap messaging app for iOS and Android that is similar to the popular Taptalk app. Bolt is currently available in New Zealand, Singapore and South Africa, with plans to launch in additional regions soon. The app allows users to send an image or video that disappears once it is viewed. Unlike Snapchat and Facebook’s Slingshot, Bolt only allows users to send messages to one person at a time, rejecting mass messages. Continue reading Instagram Quietly Unveils One-Tap Messaging App Called Bolt

The Los Angeles city government put out a request for information regarding the construction of a citywide fiber and Wi-Fi network. Dutch company Angie Communications was the only one to make its full response public. It responded to the RFI with an ambitious plan to build an entire LA fiber network within five years, including the infrastructure for metro and street access. In addition, the company proposes a nationwide 4G cellular network and Wi-Fi network. Continue reading Los Angeles Requests Plans to Build Fiber Broadband Network

A coalition of Hollywood studios is reportedly close to a deal that will help keep Eastman Kodak in the business of manufacturing film stock, despite the entertainment industry’s move to digital production. Prior to the studios’ promise to keep purchasing film, Kodak was considering closing its manufacturing facility in Rochester, New York. Quentin Tarantino, Christopher Nolan, Judd Apatow and J.J. Abrams were among the notable filmmakers who reportedly lobbied studio heads to save film. Continue reading Filmmakers Lobby Hollywood Studios to Help Save Kodak Film

Earlier this week we reported that Apple would acquire recommendation startup BookLamp, often referred to as “the Pandora for books.” In related news, Apple has purchased podcasting app Swell, described as “the Pandora of talk radio.” Following the acquisition, Swell announced that its service is no longer available. Disappointed users may be hoping that Apple will somehow integrate Swell into its offerings. Meanwhile, NPR just launched its NPR One app, which offers similar functionality. Continue reading Podcasting App Swell Shutters Following Acquisition by Apple

Teenager Shawn Mendes’ first album was number one on the iTunes Top Albums chart only 37 minutes after its debut Sunday night. He was first discovered on video sharing service Vine, posting six-second clips of his covers of pop songs. With the help of his 1.5 million Twitter followers and 2.9 million Vine followers, his EP hit the top of the chart, his single “Life of the Party” debuted as No. 24 on Billboard’s Top 100 Chart, and the hashtag #ShawnToNumber1 was trending on Twitter. Continue reading Music: Fifteen-Year-Old Vine Star Tops iTunes Album Charts

The Alliance of Artists & Recording Companies has filed a lawsuit against Ford, General Motors and two tech companies that made devices for digitally copying music from CDs to hard drives. The lawsuit is based on the 1992 Audio Home Recording Act, which provides royalties to record companies from the sale of music copying devices. The Alliance contends that Ford and GM installed these devices without paying any royalties, and is now seeking unpaid royalties and damages. Continue reading Ford and GM are Sued for Devices that Enable Music Copying