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Facebook makes another multi-million dollar purchase

Facebook continues its buying spree with another multi-million dollar purchase. TechCrunch is reporting Facebook is ponying up between $400-500 million for LiveRail, an advertising company, which focuses on video ads that appear on the web and mobile devices.  The social network announced the acquisition on its website yesterday. “We believe that LiveRail, Facebook and the premium publishers it serves have an opportunity to make video ads better and more relevant for the hundreds of millions of people who... Read More →

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Photo: FLLewis/Media City G -- Disney Studios in Burbank

Disney signs multi-million dollar deal with Netflix

Disney is reportedly shelling out big bucks for a new deal with Netflix, the online streaming video and by mail DVD service.  The Los Angeles Times says the agreement is worth $200 million and will give Netflix access to a trove of popular television shows from ABC network, Disney Channel, and ABC Family. Disney made the deal with NetFlix, even though, it’s a part owner in rival Internet streaming video provider, Hulu. The deal sounds like a win-win situation for Netflix users who get unlimited television shows and movies for one low flat-rate monthly... Read More →

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