Posts Tagged ‘myspace’

MySpace Buys iLike in Effort to Best Rivals

Saturday, August 22nd, 2009

MySpace is acquiring online music service iLike, as the social-networking site faces a drop-off in visitors and tries to remake itself as a destination for music, videos, games and other entertainment content.

Terms of the deal weren’t disclosed, but a person familiar with the situation said it’s valued at nearly $20 million.

ILike, started by tech industry veterans and brothers Ali and Hadi Partovi, lets users on social-networking sites share music. It was created in 2006 to retool GarageBand.com, which had sought to create an independent music community for recording artists to promote themselves.

News Corp hopes for broader ad deal with Google

Thursday, May 28th, 2009

News Corp hopes to sell Google Inc access to a greater swathe of its media properties, its executives said, as an advertising deal between the two companies comes up for renewal.

Senior executives at News Corp and its MySpace online service said at the All Things Digital conference on Wednesday that the company was working with Google to try and make their existing advertising deal better for both parties.

“When it comes time to negotiate, one of the things that can be helpful is looking at it from the overall News Corp perspective,” News Corp Chief Digital Officer Jonathan Miller said.

The current deal allows Google to run its Internet search ads on MySpace’s widely trafficked social media Web site, but is set to expire in about a year and a half, said MySpace CEO Owen Van Natta, who appeared onstage alongside Miller.

According to recent media reports, Google is seeking to renegotiate the deal at a significant discount to the current terms, which popular IT blog Tech Crunch pegged at $300 million a year.

“That’s an important deal for us, but it certainly isn’t a majority of our revenue,” Van Natta said. News Corps owns a wide range of media properties in television, print and on the Internet. MySpace is the world’s No. 2 social network, behind Facebook.

Source: Reuters

Interview Gina Bianchini: The Future of Online Social Networking?

Tuesday, May 26th, 2009

Whether you’re into baseball or backgammon, Harry Potter or heavy metal, Ning has an online network for you.A fast-growing, free Web site launched two years ago, Ning lets members custom build their own social-networking platforms based around their passions and pastimes.

As Facebook and MySpace connect people to friends and family, Ning gathers users around common interests. The site hosts networks for hip-hop music lovers, video gaming moms and teens obsessed with the Twilight book and movie franchise. Other popular Ning networks bring people together online for political and social causes such as “Pickens’ Plan,” which advocates wind energy.

Ning had 4.7 million unique visitors as of January and surpassed 1 million social networks — about one-fifth of them considered active — last month.

Ning also enhanced its site in March with new features such as a real-time activity feed so users can get up-to-the-minute reports — not unlike Twitter’s tweets — about what others are doing.

CNN spoke recently to Ning CEO Gina Bianchini, a Silicon Valley native and former Goldman Sachs analyst, about the company and the future of social networking.

QUESTION: Where did this idea for Ning come from?

Gina Bianchini: We really started with a very simple premise. What if you gave people the opportunity to create their own social experiences for their own unique passions/topics/interest? We started on the ground floor to build it in such a way that it can be customized and programmed and made truly unique for each individual. I believe the most powerful ideas are the most simple.

QUESTION: What is the mission of Ning?

Gina Bianchini: It’s a way to get people to organize and get people to meet around their passions.

QUESTION: Did any specific Web sites or companies inspire you to create Ning?

Gina Bianchini: We were really inspired by the first wave of Internet companies truly native to the Web like Craigslist and eBay. They were really around people connecting to other people. They were really about the Internet connecting people to each other. It’s completely unique to the Internet — you can’t do it via television or newspapers.

QUESTION: Did you expect the idea of connecting people though common interests to be so successful?

Gina Bianchini: Social behavior is really what people want to do online. It was clear for the rapid adoption of social networking in general that it is very much the case.

QUESTION: What are some of the interesting social networks on Ning?

Gina Bianchini: There are 200,000 social networks are active right now, and they are across tens of thousands of unique passions. There is a network called ‘This is 50.’ It’s like a hip hop TMZ. Another is the ‘Pickens’ Plan.’ It’s a way they are organizing more than 200,000 people around wind-energy policy. There is another one for cricket, specifically Indian cricket, which has added half a million people in the last two and a half weeks. There is another about the Twilight saga for teens. So it ranges from 50 Cent to teens talking about Twilight to serious adults looking at how to make changes in government policy. That’s the power of the Internet and the power of connecting people.

QUESTION: What do you attribute to the growth of Ning?

Gina Bianchini: What’s fundamental in the adoption of Ning is that people are unique. They have unique interest and passion and they like having a contact for that experience and for their identity.

QUESTION: What makes Ning different from other social-networking sites?

Gina Bianchini: It’s focused on providing the [means for] people to create new social networks around their interests and passions and connect new people around those passions. We think that’s a very critical element of organization. The Facebook phenomenon connects you to people you already know and Twitter is amazing for news and real-time events. What we see with people who gravitate to Ning is meeting new people with similar interests.

QUESTION: How can Ning be useful to organizations or corporations?

Gina Bianchini: When you can bring people together around a common cause there is incredible potential to do fundraising and to organize volunteers.

QUESTION: How does your site make money?

Gina Bianchini: If you want to add a feature like making your own domain, you can pay a la carte for options. On the free service there are ads contextual to what the network is.

QUESTION: What are your thoughts on the future of social networking?

Gina Bianchini: Niche social networking sites are absolutely something people want to do. People clearly want to do this. . .[and] as people get more comfortable with social networking via Facebook, Twitter, they will look around and say, ‘I want a social network for this particular group.’

QUESTION: What are some of your company’s goals in the future?

Gina Bianchini: We are really focused on making our service perfect for people who come to meet new people. We’re growing really rapidly and we’re seeing a lot of interest and new people joining social networks.

Source: CNN