MUMBAI: In recognition of the company’s strong performance under the leadership of president and CEO Robert A. Iger, The Walt Disney Company Board of Directors announced that it had signed him to a new...
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Microsoft offers to buy Yahoo! for $44.6 bn
MUMBAI: This might just be the mother of all acquisitions! In a bid to pip Google, Microsoft Corp has proposed to acquire rival Yahoo! Inc. for $31 per share, thus valuing the transaction at...
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Direct Response Media to acquire Pangea Pics
MUMBAI: Direct Response Media has signed a letter of intent to acquire all of the shares of privately held entertainment company Pangea Pictures. The letter of intent outlines that a final deal is contemplated...
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NASA beams Beatles music into space
MUMBAI: US space agency NASA undertakes an historic mission on 4 February when it will beam music into deep space for the first time ever. Though it has become commonplace to transmit music to...
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Oscar poster collection to be auctioned
MUMBAI: A small-town collector has placed for sale the world’s most complete private collection of original Academy Award Winning Best Picture movie posters. No private collector owns original U.S. issue posters for all 79...
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aVinci inks deal with major music labels
MUMBAI: Sequoia Media Group, developer of the aVinci Experience product line, signed agreements with the music industry’s top record labels and music publishers, giving aVinci customers the ability to legally synchronize specifically licensed titles...
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MySpace.com appoints Amit Kapur as COO
MUMBAI: Social networking website MySpace has named Amit Kapur as its chief operating officer. In this role, Kapur will be responsible for spearheading the development and implementation of all global business operations for...
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Universal, Sony BMG ink licensing deal
MUMBAI: Universal Music Publishing Group (UMPG) and Sony BMG Music Entertainment have reached a digital licensing agreement designed to facilitate the growth of the legitimate digital market place across the Asian region (excluding Japan...
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UOMO Media launches music publishing div
MUMBAI: UOMO Media, a multi-channel entertainment and media company, has announced the launch of its music publishing division UOMO Publishing. The division is tasked with creating a catalogue of music copyrights through acquisitions...
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Lego secures Speed Racer rights from Warner
MUMBAI: Construction toy manufacturer Lego Group has inked an agreement with Warner Bros. Consumer Products (WBCP) to secure construction toy rights for the upcoming movie release Speed Racer, the live action feature film adaptation...
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