Apple Agrees to Pay Large Amount in Back-Taxes to France

Apple revealed it has reached a deal with French authorities to pay back-dated taxes, reportedly in the hundreds of millions of dollars. Apple’s French division did not disclose the specific amount, but French media has reported it to be around 500 million euros, or $571 million U.S. “As a multinational company, Apple is regularly audited by fiscal authorities around the world,” explained Apple France in a statement. “The French tax administration recently concluded a multi-year audit on the company’s French accounts, and those details will be published in our public accounts.” Continue reading Apple Agrees to Pay Large Amount in Back-Taxes to France

Newstag Slated to Launch Crowd-Curated Video News Service

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

Getty Images Delivers Winter Olympic Photos in Record Speeds

Getty Images along with AP, AFP, Reuters, and EPA wire agencies have set up state-of-the-art fiber optic networks to deliver Olympic images almost instantaneously. Getty can deliver photographs from the Winter Olympics in Sochi directly to publications within 180 seconds thanks to 20 kilometers of cable and a 100Mbps network. The process of preparing an image for delivery in record speed involves a team of Photoshop experts, captioning specialists, and editors. Continue reading Getty Images Delivers Winter Olympic Photos in Record Speeds