Blockbuster auction earlier this year, we were curious to see what Dish Network was going to do with all the stores they ended up with. On the show, we had several speculations, like branding purposes, or that they would keep open a select number of the stores to sell their Dish Network TV service. Call us crazy, but we were hoping they would do something with the $320 million purchase.
Well, some of our predictions came true, as this week, Dish Network and Blockbuster, LLC announced that "despite our efforts to reach reasonable terms, some property owners have closed stores." However, Dish will keep open over 1,500 of the locations and retain 15,000 employees. To compare, when Blockbuster went into bankruptcy, they had around 3,000 stores, and when Dish acquired them they were left with over 1,700.
For more on the story and the press release, click the break.
We all know
California was a little bit off the rocker and that their citizens were a touch on the nutty side, but this one definitely goes over the top. Not only is the offense out there but the sentence is, too. A guy from California spent time on Facebook, stalking women's Facebook pages, looking for items that would let him get into their email accounts.
The information he gathered would then lead him to get into the accounts via the security questions. Investigator Robert Mogester said,
The victims we went to said "I had very robust passwords." But it didn't matter how robust the password was if the recovery question is easy. Lost your password? What's your favorite color or what high school did you go to? Or what's your dog's name? And he was able to glean that information from social media.
So what happened here? We have the full story after the break.
posted Saturday Jul 23, 2011 by
Activision pulled an Apple by announcing one thing and doing the opposite. Of course I'm talking about the
due to waning sales caused by releasing titles too frequently and not enough continuous innovation. Bobby Kotick, Activision Blizzard's CEO made a statement in Guitar Hero franchise being disbanded Forbes about bringing the franchise back, if indeed it was ever really dead.
...we're going to take the products out of the market, and we're not going to tell anybody what we're doing for awhile... we're going to use new studios and reinvent Guitar Hero. And so that's what we're doing with it now.
How they plan on bringing the franchise back better than ever is a mystery but at least we can add the actual death of the
Guitar Hero franchise to the list of things that will never actually happen. Whether or not that's a good thing. Only time will tell but I've never heard of a reunion tour being better just because the band got back together.
For PlayStation Network members, the
data breach might have seemed to end with the 3 arrests, but for Sony it is only the beginning. As time passes, the prospects of class-action lawsuits seems more and more likely and the legal fees continue to mount. Thank goodness Sony has insurance, right?
Well, it might turn out that insurance will not matter in this case. One of Sony's insurers, Zurich American Insurance Co, has asked a New York state court to rule that it is not responsible for paying for Sony's upcoming legal fees. If this ruling is made, it would be a huge blow to Sony's already
disastrous financial outlook. Not only that, but it would also set a possible precedent that could be applied to Sony's other insurers, including AIG and ACE Ltd, who have already asked the courts for clarifications on their possible responsibilities under their currently written terms.
How is this playing out so far? Hit the break to find out.
Thursday, Google announced, via their blog, that they were making an alteration to Google Places. Effective immediately, outside reviews have been removed from Google Places. For those who don't know what Places is, it is a service that allows people to find local restaurants, cafes, bars, etc. You can also get and give reviews on the locations you visit.
This service, originally called Hotspot, is not an original concept from Google. In fact, there are several competitors in the market, including Yelp and TripAdvisor. The unique thing about Places is that it collected the reviews from these other sites and showed them on their own pages as part of the reviews and ratings.
So, why did Google remove this information? Hit the break to find out.
posted Saturday Jul 23, 2011 by
Just last week we were finally able to report that
Twitter does intend to become a profitable business and this week CEO Dick Costolo took it a little further at Fortune Brainstorm Tech. Adam Lashinsky fired off some questions at Costolo about Google+, Promoted Tweets and the like, some of which Costolo answered and others he responded to.
Not surprisingly the first question asked was in regards to the
Fortune cover titled "Trouble at Twitter." Costolo responded with some stats like Twitter's website getting 400 million unique hits per month and that their users generate 1 billion tweets every 5 days, which is an improvement from June, where it took seven days to reach 1 billion tweets. Costolo also mentioned that their mobile usage is growing 40% every quarter.
That's not all the Twitter CEO had to say. Hit the break to find out else was said.