Facing new competition in the mobile payment space, including the recently unveiled Apple Pay, eBay announced yesterday that it plans to spin off its PayPal business into a separate publicly traded company in late 2015. This is an about face by the online retailer, which had defended keeping the companies together after investor Carl Icahn aggressively pushed for a separation. EBay now says that a split will provide both companies with better competitive positions and allow them to focus on strategy. Continue reading Course Reversal: eBay Plans to Spin Off PayPal Biz Next Year

The Federal Communications Commission voted to eliminate its sports blackout rule yesterday. For nearly four decades, the blackout rule has prevented cable and satellite systems from broadcasting certain National Football League games. The unanimous decision will result in the repeal of the blackout rule, which should take about six weeks to be finalized. The NFL opposed the FCC action, arguing that eliminating the rule would impact the availability of games via free, over-the-air television. Continue reading FCC Unanimously Votes to Repeal the Sports Blackout Rule

Last week we reported that a bug called “Shellshock” had been identified as a potentially dangerous security flaw in the Bash software that appears in more than 70 percent of devices connected to the Internet. While initial reports have suggested that Linux and OS X systems are anticipated to be particularly vulnerable, Apple released a statement claiming that there is no need to panic. “The vast majority of OS X users are not at risk to recently reported Bash vulnerabilities,” said Apple. Continue reading Apple Claims that Most OS X Users Are Safe from Shellshock

Thom Yorke, the lead singer of the rock band Radiohead, recently partnered with file-sharing company BitTorrent to release his new solo album directly to fans. Yorke’s album, “Tomorrow’s Modern Boxes” is the first record to be released as part of a BitTorrent Bundle with a pay gate, a feature that BitTorrent is testing as it tries to shed its reputation for pirated content. So far, the gamble for BitTorrent and Yorke has proved successful with 400,000 downloads in the first three days. Continue reading Musician Releases Album via BitTorrent Bundle with Pay Gate

Universal Music Group has its hands on new video editing technology that will allow the music giant to regularly update the product placement in its music videos, even ones that have already been released. A music video for Swedish EDM producer and DJ Avicii with an ad by Grand Marnier was the first to feature the new technology. Coca-Cola, LG, and Dish Network are some of the other brands that viewers can expect to see in updated music videos. Continue reading Universal Puts New Spin on Music Video Product Placement

Netflix and the Weinstein Company announced yesterday that they plan to release the sequel to “Crouching Tiger, Hidden Dragon” simultaneously via Netflix and a select number of IMAX theaters next August. This will mark the first time a major film debuts via online streaming and in theaters at the same time. The follow-up to Ang Lee’s Academy Award-winning martial arts drama will reportedly be the first of several films backed by Netflix that are expected to follow the new release model. Continue reading ‘Crouching Tiger’ Sequel Slated to Debut Via Netflix and IMAX

The Entertainment Merchants Association will hold its Digital Media Pipeline on October 8 at the Skirball Cultural Center in Los Angeles. Celebrating its sixth year, Digital Media Pipeline is a one-day B2B event that brings together thought leaders to discuss digital delivery of home entertainment. ETC’s Phil Lelyveld will be a featured speaker as part of a next-gen technology panel. ETC community members are invited to attend the conference at the discounted EMA member price of $295. Continue reading EMA to Hold Sixth Annual Digital Media Pipeline Next Week

According to a new SEC filing, Amazon’s buyout of online video game streaming company Twitch is now complete. The acquisition, worth $970 million and first revealed in late August, marks Amazon’s largest and most expensive deal to date. This follows earlier reports that suggested a similar deal was in the works with Google subsidiary YouTube. Twitch touts more than 55 million active monthly users, and is currently the largest live-streaming website in the U.S. by a significant margin. Continue reading Deal Now Complete: Amazon Acquires Twitch for $970 Million

Apple introduced security measures in the wake of high-profile celebrity images being hacked from personal iCloud accounts. Apple now alerts users when their iCloud data is downloaded to a new device, and the company has added a two-factor authentication option. Users of anonymous image board Anon-IB, one of the forums hackers used for stealing and sharing photos, are reportedly angry. They are complaining that the leaked celebrity images have exposed their secret hacking techniques. Continue reading Apple is Taking Steps to Protect iCloud Users from Hackers

Researchers from three international universities working on twisting radio beams for transferring data have achieved transmission speeds of 32 gigabits per second — 30 times faster than current 4G LTE wireless technology. The project, which includes scientists from University of Glasgow and Tel Aviv University, is led by Professor Alan Willner of USC’s Viterbi School of Engineering. Mobile operators should be interested in the technique to supply faster networks and address congestion created by too many users. Continue reading Scientists Send Data 30 Times Faster Than 4G LTE Wireless

ABC relaunched its streaming WATCH ABC app last week with new features that allow viewers to multitask on social networks while they are watching shows. Big data showed that only a small amount of people using their mobile devices while watching TV are actually discussing the shows online or interacting with anything related to the shows. Facebook and Twitter integration in the update is designed to make it easier for viewers to check social media and share their favorite scenes and episodes. Continue reading ABC Reimagines Second Screen With its WATCH App Update

Amazon recently announced the expansion of its tablet line and e-reader offerings. As part of an effort to strengthen ties between its tablets and other new hardware, Amazon has dropped the name “Kindle” from its tablets. Formerly called Kindle Fire tablets, the simply named Fire HD and Fire HDX will be more closely aligned with the company’s Fire TV and Fire Phone. The rebranding highlights the distinction Amazon hopes to make between the Kindle e-readers and more advanced Fire tablets. Continue reading Amazon Draws Distinction Between its Tablets and E-Readers

Many consumers have found that the fastest way to get a response from a company is to send a tweet, but the 140-character length and the public nature of the social network limit the conversation. Hootsuite Media, the maker of the popular social media management app, is rolling out a solution: a feature that allows businesses to initiate calls with their customers via Twitter. Consumers who send the company tweets will get a reply with a phone number so that they can talk offline. Continue reading Hootsuite Takes Customer Service from Twitter to Phone Calls

The Guggenheim Museum, a premier art museum in New York City, is making its exhibits more interactive by integrating beacon technology. The beacons are small, box-like sensors that use Bluetooth technology to detect when a smartphone is in proximity. The museum will use its 20 to 30 beacons to track traffic flow through the building. In the future, the beacons may transmit informational alerts to visitors’ phones as they approach a painting or sculpture. Continue reading Guggenheim Museum Testing Beacon Technology for Exhibits

Online quiz startup Qzzr allows users to create as many quizzes as they want for free. The service helps websites drive social traffic by uploading quizzes to their webpages. The pro version also helps companies capture leads and present special offers. Sites such as BuzzFeed and Zimbio have seen a burst in views due to these quizzes. Qzzr officially launched last week with $2 million in seed money and partnerships with ESPN, Yahoo, Mashable, Reddit, College Humor, and others.  Continue reading Qzzr: New Quiz Creation Tool Helps Sites Drive Social Traffic