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Online Video A Billion Dollar Business In 2007

More than a third of the total US population viewed video on the Internet in 2006 according to eMarketer. Ages 3 and up viewed video on the Internet at least monthly and in three years more than half of all Americans will compose the online video audience.

Skype Founders To Launch Internet TV

The founders of Skype Janus Friis and Niklas Zennstrm are close to launching their new Internet TV site, which is currently under the working name The Venice Project. Last year the pair sold their communications business to Ebay for $2.6 billion.

YouTube Could Have Rival

The major broadcast networks are reported to be in serious talks about creating a site that would rival the popular video sharing site YouTube. As I reported last week the networks are hoping to create a site that would directly compete with YouTube. An announcement on such a deal could come as early as this week.

CBS Records Spins Again

CBS is relaunching CBS Records and will focus mainly on digital music. They plan to make songs; videos and other music related content available for purchase or download at the iTunes music store. They will also offer musical content on www.cbsrecords.com.

Amazon Strikes Back At IBM In Patent War

Recently IBM sued Amazon.com over patent infringement. On Thursday Amazon fired back with a suit of it’s own directed at IBM for patent infringement. The countersuit was filed in the U.S. District Court for the Eastern District of Texas. Amazon disputes that they infringe on IBM patents and that IBM infringes on patents that Amazon holds.

Online Holiday Shopping Popular At Work

Shopping online is popular, especially during the hectic holiday season. Shopping online while at work is even more popular according to a new survey from CyberSource. The findings indicate that the peak online shopping volumes are during conventional working hours

Media Multitasking Among Youth

A new study from the Kaiser Family Foundation says that teens and kids do there fair share of media multitasking. One area that sees the least multitasking is TV. 55 percent of the time teens are not multitasking while watching TV. The same goes for video games. The activity that has the most multitasking involved is e-mail.

Senator McCain’s Proposal For The Web

Senator John McCain, Republican from Arizona has recently introduced legislation that if passed could have major implications on the blogosphere. The proposal called “Stop the Online Exploitation of Our Children Act” would require Web sites to remove user profiles posted by sex offenders. In addition commercial Web sites and blogs would be required to report illegal images or videos posted by their users or face a fine of up to $300,000.

Internet Addiction: Fact Or Fiction ?

How much time do you spend on the Internet? Do you have trouble breaking away from games like World of Warcraft? Is your virtual life becoming more important than your real life? If you answered yes you may have an Internet addiction or disorder.

Florida Puts The Squeeze On AOL

The Florida Attorney General’s Office has reached an agreement with America Online concerning the erroneous billing of 6,000 customers in Florida. Attorney General Charlie Crist’s Economic Crime Division began investigating AOL in September of 2005 after receiving over 1,000 complaints from consumers.

Online Movies Growing ?

Watching videos online is popular for sure. The online video market has exploded in the last year with sites like YouTube leading the way. It may come as a surprise that there is one area of online video that has not seen rapid growth.

Yahoo And ABC Expand Video Partnership

Yahoo News and ABC News have agreed to expand their relationship. ABC will be providing Yahoo News with additional video content. The new agreement will add several new features. ABC will offer Yahoo breaking news, features, interviews and video clips from Good Morning America. The agreement is an extension of the current partnership, which started in September of 2005.

China Cracksdown On Online Music

China is cracking down on all imported online music and games. The Chinese Ministry of Culture is requiring all distributors submit the imported products for review to official censors. The reason behind the censoring is to protect Chinese business interests and to censor political, violent or sexual content.

Yahoo Rolls Out Panama

Yahoo has officially opened its new search-marketing platform known as Panama to new US advertisers. The new platform was available to current users in October. New businesses that want to use the platform can create an account in five steps. The limited October release allowed Yahoo to receive feedback from users and make improvements based on the users recommendations.

Online Video Market Continues To Grow

The popularity of Internet video is continuing to grow. During 2006 around one third of the US population will have viewed video on the Internet at least monthly. According to a report from eMarketer 60 percent of Internet users view videos on a regular basis. By 2010 they estimate there will be a 20 percent increase for a total of 80 percent of all Internet users watching video online. For 2006 there are around 107 million users watching online video. By 2010 the number is expected to increase to 157 million.

Networks Want Their Own YouTube

Old media is slowly waking to see the potential of online video content. CBS is a good example of this. Back in October YouTube launched a channel for CBS that has developed into a successful partnership between old media and new media. CBS has uploaded close to 300 clips since November to YouTube. Around 15 million people have viewed the clips.

Online Holiday Sales Soar

Online spending continues to increase at a record breaking pace. Cyber Monday the first Monday after Thanksgiving saw online sales reach an all time high of $608 million. The record was short lived. Last Monday, December 4 online sales shot to $647 million according to comScore Networks. That is $39 million more in online spending than on Cyber Monday. It also marks a 26 percent increase over the same day from last year.

HollyWood’s Online Box Office

Hollywood has plans to branch out into online movies in a major way. They have been slow to embrace the Internet but it seems they are realizing the great potential for generating revenue online.

Mobile Entertainment Market To Reach $77 Billion

The mobile entertainment industry is large now but the future projected growth is off the charts. A new report from Juniper Research says that by 2011 the global mobile entertainment market will reach $77 billion.

MySpace To Protect Users

MySpace is trying to make users experience more secure. They have announced plans to partner with Sentinel Tech Holding Corp, an online identity and background verification company. They are jointly working on Sentinel Safe, software that will block the access of convicted sex offenders to MySpace.

Government Tracking Electronic Communications

A press release from FaceTime Communications stopped me cold today.

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