Yahoo announced early this morning that it has agreed to pay $1.1 billion for Tumblr, the six-year-old blogging site that touts more than 100 million users, but little in the form of revenue. While Tumblr users have already expressed concerns that the site could end up cluttered with ads, Yahoo CEO Marissa Mayer promises “not to screw it up.” The deal marks the largest social acquisition in years, surpassing last year’s $1 billion purchase of Instagram by Facebook. Continue reading Yahoo Announces $1.1 Billion Acquisition Plan for Tumblr

During day three of its I/O developers conference on Friday, Google announced that in-app revenues via the Google Play store are up 700 percent since the same period last year. The company’s recently launched Google Subscriptions model is also seeing progress, doubling inbound revenue each quarter since its launch about 12 months ago. Some apps using Subscriptions as their revenue model, such as Pandora, have reached the top grossing list. Continue reading I/O: Google Play In-App Purchases Increase by 700 Percent

We recently reported that networks such as ABC, TBS and TNT will be offering new apps that reflect the multi-platform TV Everywhere strategy so prevalent at last week’s Upfronts in New York. USA Network is making a similar move with its “screen unification strategy” that synchronizes the viewing experience across TV, online and mobile. USA, which unveiled its plans on Thursday, will begin rolling out the new initiative in early June. Continue reading Upfronts: USA Network Unveils Screen Unification Strategy

Google’s Internet-connected Glass device will soon feature seven new apps, which the company hopes will makes the glasses more functional. The Glassware apps, announced at the I/O developers conference yesterday, include Twitter, Facebook, Tumblr, reminder notes from Evernote, news alerts from CNN and fashion features from Elle. The seven additions join Path and The New York Times as the only apps currently available on Glass. Continue reading Glassware: Google Announces New Apps for Glass Device

Amazon.com distributed tens of millions of dollars in new Amazon Coins virtual currency earlier this week by depositing 500 Coins, the equivalent of $5, into the accounts of every customer using a Kindle Fire. The company will also offer Coins at discounts of up to 10 percent when purchased in bulk. In an effort to increase customer loyalty, the Coins can be used for products and services available at the Amazon Appstore and within Kindle Fire tablet apps. Continue reading Amazon Debuts Virtual Coins for Appstore and Kindle Fire

Elevatr is a new mobile app from 23-year old CEO David Spiro and New York-based app development agency Fueled. The free iOS app is designed to help entrepreneurs keep track of their concepts and develop effective models, in hopes of turning innovative ideas into practical business plans. Elevatr is basically a note-taking app that makes a traditional business plan accessible for concept development on mobile devices. Continue reading Map Out Your Startup Business Plan with Elevatr Mobile App

We recently reported that Microsoft has scheduled a May 21 event to launch its next generation Xbox console (we’ll have details next week). Another piece of hardware has also been in development, but its future is less certain. Microsoft has been working on a set-top device for streaming video and other entertainment media, including a version that uses Kinect motion-control technology. However, it is not clear whether the product will be released. Continue reading Will the Microsoft Set-Top Box Ever See the Light of Day?

Google kicked off its annual I/O developers conference yesterday with a three and a half hour keynote delivered before 6,000 attendees at the Moscone Center in San Francisco. In addition to a surprise appearance by CEO Larry Page, who discussed obstacles to technological progress and answered questions from software developers, the event detailed updates and new releases involving Google+, Google Maps, Hangouts, Google Play Music All Access, a special Galaxy S4 smartphone and more. Continue reading Google I/O: New Music Service, Google+ Updates and More

Google has sent Microsoft a cease and desist letter, demanding that the YouTube app for Windows Phone be removed from the Windows Phone Store by May 22nd. The letter alleges that the app, unveiled just over a week ago, blocks advertising and allows local downloads of content, both clear violations of YouTube’s terms of service. The application was authored by Microsoft, without consultation or collaboration with Google. Continue reading Google Cries Foul Over New Windows Phone YouTube App

In the wake of ABC’s announcement that it would upgrade its app to live-stream local programming in the New York and Philadelphia areas, TBS and TNT plan to offer live 24/7 streaming of their series and sports coverage beginning this summer. The streams will be available via the channels’ websites and soon-to-launch mobile apps called Watch TNT and Watch TBS. The apps will initially be offered for iOS devices, with support for other platforms expected by the end of the year. Continue reading TBS and TNT to Offer Live Streaming and New Mobile Apps

According to inside sources, Google may unveil its rumored subscription music services today at the Google I/O developers conference in San Francisco. The company has reportedly signed separate licensing deals with Sony Music Entertainment and Universal Music Group that involve both YouTube and Google Play, the entertainment hub for the Android operating system. Earlier this year, Google signed similar agreements with Warner Music Group. Continue reading Google Signs Labels, Readies Subscription Music Services

Sony may soon offer an affordable alternative for transitioning from paper notebooks and textbooks to digital solutions. According to a Japanese press release, the company is developing a 13.3-inch flexible e-reader called Digital Paper. Designed for use in classrooms, the grayscale reader weighs about 0.78 pounds, is a mere 7mm thick, features a touch capable 1,200 x 1,600 pixel display and includes Wi-Fi, 4GB of internal memory and a microSD card slot. Continue reading Digital Paper: Sony Announces Ultra-Thin Flexible E-Reader

Microsoft announced last week that it has sold 100 million licenses for Windows 8 since the software’s release six months ago, approximately the same number it sold for Windows 7 in the same time range at its release. The company made bold changes to its software, which included replacing the traditional interface with a screen of tiles. However, there has a been a negative reaction from some customers and the company admits the moves may have been too aggressive. A soon-to-come update may help those who are disappointed. Continue reading Will Windows Blue Help Customers with Learning Curve?

Concerned about a lack of digital expertise, many public company boards are actively recruiting digital directors, who are often decades younger than their colleagues. The directors are pursued to advise management on digital marketing strategies, business alliances, recruitment and strategies involving mobile devices, social media, online sales, data analytics and more. The shift in corporate strategy has made digital experts a hot commodity. Continue reading Corporate Boards Are Turning to Young Digital Directors

ESPN plans to post sports-related highlight videos on Twitter in the coming year. Sports fans can expect clips from soccer matches leading up to the World Cup, college football and the X Games. The videos will be made available on Twitter’s site and mobile apps shortly after the live television broadcasts. The collaboration is part of a bigger movement by TV networks and the microblogger to discover new approaches to advertising revenue. Continue reading ESPN and Twitter Expand Collaboration with Video Clips