YouTube released movie rentals in the UK. Movies can be rented for about $3 to $5. YouTube is the latest entrant in the competitive streaming market comprising Apple, Netflix, XBox, Amazon, Blockbuster and most cable/satellite operators.
Microsoft announced a slew of new media partners for XBox Live including Comcast, HBO, NBC and EPIX as the company continues to push the XBox as the platform for the living room.
GameStop forecasted $450M in digital sales in 2011 from a combination of digital game distribution, game streaming via Spawn Labs, and game operations via Kongregate. By 2015 the company aims to generate $1.5B of revenues from these channels as it looks to increase margins and shift from stores to digital distribution.
Rhapsody acquired Napster from BestBuy to compete better with other music streaming services and promptly laid off the majority of employees. Rdio announced free music streaming to new users for a limited time.
The Sims Social has reached 67M MAU and 10M DAU, on its way to 2nd most popular game on Facebook, 10M DAU behind Zynga’s Cityville. Zynga, facing increased competition, saw revenue and profit growth stall in Q2.
Twitter announced 1600 advertisers use the platform and 80% have become repeat customers.
Relay Rides, a p2p car sharing startup, announced an investment and partnership with GM that will allow the company to use the OnStar network to rent cars. OnStar has 6M subscribers.
GroupOn will dramatically reduce customer acquisition spend as it prepares to IPO, amid increased competition to acquire new subscribers.
Apple announced the release of the iPhone 4S with a new chipset, a voice assistant powered by Siri and a better camera. The company also announced:
- 250M iOS devices sold.
- 6M copies of Lion sold.
- iPad has 75% of tablet market share.
- 500,000 apps on the iOS store with 140,000 for the iPad.
- 18B cumulative app downloads and $3B paid to developers.
- iCards, an easy way to print post cards of images taken with iPhone for $2.99.
- Safari Reading list for mobile.
Comscore released its quarterly smart phone market share data. Android commands 44% of the US smart phone market, up 6% since May. Apple controls 27%, up 1%.
The Kindle Fire sold 250,000 in the first five days making it the most successful Android tablet to date.
eBay’s mobile app will generate $4B in gross merchandise value in 2011, up 100% over 2010.
The FCC has mandate GPS on all new phones starting in 2018.
Azumio, makers of the Instant Heart Rate app, announced 10M cumulative downloads.
Nuance will acquire soft keyboard maker Swype for about $100M.
RedHat will acquire Gluster for $136M.
|Xfire, Inc.||Xfire, Inc. operates an online gaming platform and community.||4.0||Intel Capital|
|Predixion Software, Inc.||Predixion Software, Inc. develops and markets collaborative predictive analytics solutions in the public and private cloud.||6.0||Palomar Ventures; Miramar Venture Partners; DFJ Frontier|
|Amadesa, Inc.||Amadesa, Inc. provides a Website testing and personalization platform in software-as-a-service model to corporations.||7.4||Gemini Israel Funds; Carmel Ventures|
|Vestiaire de Copines||Vestiaire de Copines designs and develops online platform for fashionistas where you can buy and sell 2nd hand fashion clothes and accessories.||9.95||Ventech; Balderton Capital|
|Kareo, Inc.||Kareo, Inc. provides Web-based services for medical billing and practice management.||10.0||Western Technology Investment; Greenspring Associates, Inc.; OpenView Venture Partners|
|Coupons.com Incorporated||Coupons.com Incorporated provides digital coupons in the United States. It offers online printable, social, mobile, and loyalty card promotions.||30.0||Greylock Partners|
|RelayRides, Inc.||RelayRides, Inc. operates as a car sharing and rental company in the United States. The company helps the car owners to make money with their underused cars by providing those cars to people who are in need of a car. The company was founded in 2008 and is based in San Francisco, California.||–||General Motors Ventures, LLC|
|Cloudbot Inc||Cloudbot Inc. provides online applications to communicate with friends, store files and data, share experiences, and explore.||–||Draper Fisher Jurvetson; Hyde Park Angels; Lightbank LLC|
|WhoSay, Inc.||WhoSay is a tool for celebrities to use social networks while maintaining rights over digital assets.||–||Greylock Partners|