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Six TV, the local television group, will this week formally request a full Ofcom investigation of the BBC-backed Canvas online joint venture, warning that it could be a "poison pill" for regional broadcasters.
Merrill Brown, the former senior vice president and editor in chief of Msnbc.com, the online joint venture of Microsoft and NBC News, is joining RealNetworks Inc., as a senior vice president in charge of broadening subscription and advertising sales efforts.
Vevo was widely seen as an attempt to emulate the success of Hulu, an online joint venture of NBC, Fox and Disney that offers users free television shows and movies.
On hand to explain the industry's position was Edgar M. Bronfman Jr., the Vivendi Universal executive vice chairman, who took his place among the pundits to extol Pressplay, Vivendi's online joint venture with Sony, scheduled for a September debut.
Lower down the market mobile gaming group Probability added 0.5p to 76p on talk that William Hill, up 0.6p to 312p, could turn its attention back to the business, if it succeeds in its bid for Sportingbet, down 0.75p at 50.5p., William Hill made a move for Probability last year, but a deal fell through after opposition from its online joint venture partner Playtech.
Andreas Schmidt, an executive who had worked on Napster and on various other online deals quit suddenly last year.Hundreds of millions were also wasted in an online joint venture with Barnes & Noble, a huge American bookseller, barnesandnoble.com and its European counterpart, BOL.com.
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Merrill Lynch said yesterday that it was quitting an unprofitable two-year-old online brokerage joint venture with HSBC Holdings to save money.
[C4.] Schwab to Close Venture in Japan The Charles Schwab Corporation said that it would shut its online trading joint venture in Tokyo in February.
A spokesman for Channel 4 said that it remained committed to "commercial strategic investments", such as Channel 4 Radio and the online video joint venture Project Kangaroo, but that all costs were being evaluated.
It financed the purchase of LoveFilm; is a 50% investor in Joyo, a Chinese online retail joint venture; and bought 100% of Joyo.com, a British Virgin Islands company, for €105m in 2010.
Hulu, the online video joint venture between NBC and News Corp., launched last October.
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