Last year, Facebook settled a trademark dispute with Aaron Greenspan, CEO of Think Computer Corporation and Harvard classmate of Mark Zuckerberg, who built houseSYSTEM, a section of which was called "The Universal Facebook".

Netflix has entered a new deal with Epix, through which it will let Netflix users instantly watch new releases and library titles from Epix. The movies will begin streaming on September 1, and include content from Paramount, Lionsgate, and MGM.

Online ad firm Unicast reached out to us to talk about how it is helping the makers of The Twilight Saga engage the series’ fanbase online "where others have failed", and how the film industry is increasingly looking to online ad platforms to drive sales.

Last fall, Mass Animation, which calls itself the largest global animation collaboration ever, posted an invitation on Facebook for artists around the world to collaborate on the making of an animated short film. This film is now getting a theatrical release this week with Columbia Pictures’ Planet 51 release. It’s called "Live Music."

Online ticket vendor Fandango had a big day courtesy of the US release of Transformers 2: Revenge of the Fallen. The movie came out today, technically starting at midnight last night.

The UK Film Council has launched a new Web site that is focused on being a comprehensive search engine for films.

FindAnyFilm.com, which the council bills as a Google for films, contains over 30,000 unique films in 20 genres. The genres include action, foreign, classic, thriller, Bollywood and Drama. Users can search by mood, location or using keywords.

The most popular video site on the web, YouTube has long been in negotiations with movie studios to stream full-length feature films. And while there are still a lot of details to be hammered out, sources say that the deal could be complete in thirty to ninety days, according to CNET reports today.