YouTube gains popularity in US market
Google owned video sharing service YouTube is more popular than ever.
As per latest reports, YouTube accounted for more than 75% of US traffic on video sharing services.
Hitwise said that YouTube had more than nine times the traffic of the second most popular service MySpaceTV.
MySpaceTV had a market share of 9%.
Google [...]

MySpace rumored to be working on multi-functional digital media service
Social networking industry leader MySpace already has MySpaceTV to deliver video content on the internet.
The company is now said to be working on plans to launch a digital music store which would offer multiple ways of broadcasting and providing digital media content.
Market sources say that MySpace [...]

MySpace to sell live studio recordings through MySpace Transmissions program
MySpace has announced their MySpace Transmissions program through which they would now get musicians to record a live studio session and Q&A with the company.
These video and audio recordings would then be sold online.
Warner Music Group artist James Blunt is the first artist to use this [...]

NBC bringing Quarterlife to television screens
Media company NBC has announced that they are now going to showcase their Web series “Quarterlife” on its television network.
This series is likely to make its debut on the television network sometime next year.
This would make Quarterlife the first such series which was made for the web and is also [...]

MySpaceTV launching Roommates original drama
MySpaceTV has now launched their first original Web series named Roommates. This web series has been designed to provide a television like viewing experience to the web users.
This drama revolves around the lives of four women in their 20s. They are graduates and are living together in LA.
It would continue its [...]