GM is now selling new cars on eBay. The move comes after the government approved the cash for clunkers program and finds many California based GM dealerships auctioning off brand new cars, including Buick, Chevrolet, Pontiac and GMC trucks. Analysts believe that the move may not work well for GM, as competing for products with too much supply doesn't make economic sense.
Turner and the PGA just released an iPhone application which it hopes will generate "dual revenue streams." The application, which costs $1.99, will feature live video, as well as real time scores from PGA tournaments. The application will be sponsored by ING, which hopes to capitalize off golf's lucrative demographic and fan base.
Mark Cuban believes that News Corp will effectively be able to sell content online. Cuban suggested that News Corp bundle subscriptions to sites, as well as block aggregating sites from using its content. Cuban notes that Rupert Murdoch's greatest challenge will be to "align all of [its] business units to a common goal."
Its official, Microsoft has agreed to terms with Publicis Groupe, who will acquires its Razorfish property. The heavily rumored deal has Publicis paying roughly $530 million for the online advertising business, is expected to close int he fourth quarter. Microsoft hopes the deal, which includes millions of dollars in advertising for its Bing property, will help spur its search ads business.
G.I. Joe topped the domestic box office this weekend earning $44.1 million. The film beat out Julie & Julia by more than $24 million to gross $100 million worldwide in its opening weekend. The theatrical version of the classic animated television show earned one of the highest domestic August openings in recent memory.
Shelly Palmer is a consultant and the host of MediaBytes with Shelly Palmer a daily show featuring news you can use about technology, media & entertainment. He is Managing Director of Advanced Media Ventures Group LLC and the author of Television Disrupted: The Transition from Network to Networked TV. Shelly is also President of the National Academy of Television Arts & Sciences. You can join the MediaBytes mailing list here. Shelly can be reached at shelly@palmer.net For information about Get Digital Classes, visit www.shellypalmer.com/seminars