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Angry Birds Maker Rovio Plans an IPO (Mashable)

Published by in Uncategorized on March 18th, 2011 | Comments Off

Rovio, the company behind the mobile gaming megahit Angry Birds, has big plans for the future, and those plans include going public in New York.

“We’re aiming to be as large as Facebook or Google”, said Rovio Board Chairman Kaj Hed to Finnish business magazine Talouselämä.

While those words seem overly ambitious for a company that specializes in mobile gaming, Rovio’s recent $42 million funding round give them a fair amount of weight. According to Talouselämä, the VC firms that participated in the funding round – Accel Partners, Atomico Ventures and Felicis Ventures – have acquired about 15% of the company, which puts the valuation at around €200 million or $281 million.

According to Kaj Hed, getting the funds wasn’t very hard, as Rovio was able to chose the investors and set their own terms, which also tells a lot about Rovio’s success. As far as Rovio’s financials go, the company generated over €5 million ($7 million) in revenue from July to December with a profit of about €3 million ($4.2 million).

What do you think? How long can the Angry Birds franchise keep generating profit? Can Rovio replicate its success? Is an IPO a realistic option for Rovio? Please, share your opinions in the comments.

[via Arctic Startup]



New York Times reveals labyrinthine subscription plans, Canadian readers already hitting pay-wall

Published by in Uncategorized on March 17th, 2011 | Comments Off

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We knew it was coming, and now The New York Times has followed through on its promise to erect a pay-wall for online content, which means no more free news — kind of. Starting today in Canada and March 28th in the US, NYTimes.com will ask visitors reading more than 20 articles per month to pay for their info fix. The new plan offers monthly subscriptions of $15 with a smart phone app, $20 with an iPad app, or $35 for complete digital access — subscribers with a physical subscription will be granted a full pass, except on e-readers. Further convoluting the pay structure, entry from sites like Twitter and Facebook won’t face the same restrictions, and access via Google is set at five free visits per day. Other news sources, including The Wall Street Journal, have already started charging for online content in the face of declining ad revenue, but this is certainly one of the most elaborate systems we’ve seen so far. The subscription plan was unleashed in Canada today, allowing the paper to iron out any kinks before hitting the US, which means you’ve got just under two weeks to hit NYTimes.com completely free — after that, prepare to be confused.



Internet privacy and the "right to be forgotten"

Published by in Uncategorized on March 17th, 2011 | Comments Off

By Eva Dou

BRUSSELS |
Thu Mar 17, 2011 11:17am EDT

BRUSSELS (Reuters) – When it comes to privacy, the Internet has long been something of a Wild West but that that is starting to change, with regulators in Europe and the United States beginning to pull in the reins.

On both sides of the Atlantic, officials are scrutinizing how companies such as Facebook and Google handle users’ personal data, as they draw up plans to protect surfers while ensuring the growth of rapidly expanding social media, search engine and other Web-based businesses.

In the first sign of where Europe may be headed with its privacy regulations, the European Union announced this week that social networking sites and search engines could face court action if they fail to obey new EU data privacy rules.

Under proposals to be fleshed out in the coming months and that will update 16-year-old data-protection laws, the European Commission wants to force companies holding data to allow users to withdraw it from websites, calling it the “right to be forgotten.”

Companies would also have to provide more information on what data they have collected from people and why.

“Any company operating in the EU market or any online product that is targeted at EU consumers must comply with EU rules,” Viviane Reding, the European commissioner in charge of justice issues, said in a speech this week.

“To enforce EU law, national privacy watchdogs will be endowed with powers to investigate and engage in legal proceedings against non-EU data controllers,” she added.

Reding said that EU-based privacy watchdogs should even be given powers to enforce compliance outside Europe, which could include access to U.S.-based servers and other data sources.

While privacy campaigners and Internet users may be pleased to hear what Reding has to say, her words will cause concern in parts of the United States, where many of the biggest and most successful search engines and social media companies are based.

Europe and the United States have traditionally differed on privacy issues, with the EU taking a stronger regulatory approach and U.S. officials more mindful of the need to balance entrepreneurship and business demands with data protection.

But in recent weeks, as U.S. privacy experts have visited Brussels to try to close the gaps between the two regulatory frameworks, officials have emphasized how closely they are working together to come up with a common set of standards.

“I think our baseline understanding of the rules is very similar,” said Fiona Alexander of the U.S. Department of Commerce, who was in Brussels this month to meet EU regulators. “The implementation in the past may have been different.”

LEVEL PLAYING FIELD

The EU and U.S. already agree on some general concepts, such as the idea that privacy safeguards need to be designed into Web products from the start. They also both want to require Web browsers to offer a “do not track” option to users.

But differences remain on specifics and philosophy.

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Kelly Clarkson’s fifth album delayed until September

Published by in Uncategorized on March 16th, 2011 | Comments Off

By Jillian Mapes

Wed Mar 16, 2011 6:42pm EDT

NEW YORK (Billboard) – Fans anxiously awaiting Kelly Clarkson’s fifth album will have to wait just a little longer.

According to a recent post on the singer’s official Facebook page, the currently untitled album’s release has been delayed until September 2011.

“I recently found out that my album won’t be coming out until September ….the album has been recorded but I can’t release it until then,” the original “American Idol” wrote March 15. “I realize that is a long time but that’s the best time to release it apparently so I’m sorry for the wait but I promise you it sounds great!”

Clarkson, whose duet “Don’t You Wanna Stay” with Jason Aldean currently tops Billboard’s Country Songs chart, has kept fans in the loop about the progress of her upcoming album via Facebook. On February 14, the Texas songstress said she was slated to record the set’s final song on February 25, “then we will be releasing the album.”

The “My Life Would Suck Without You Singer” also revealed on her official Facebook last month that the album was influenced by artists including Prince, Radiohead, Tina Turner, Sheryl Crow, Aretha Franklin and Stevie Wonder. However, she assured country listeners: “There’s a little bit of a country vibe/influence on a couple of songs.”

Overall, Clarkson called it a “great pop record,” on which she worked with producers and songwriters including Steve Jordan, Eric Hutchinson, Rodney Jerkins, Howard Benson and Toby Gad.

An announcement of the album’s official release date is expected soon, according to a statement from Sony Music.

Clarkson’s previous release, 2009’s “All I Ever Wanted,” became her second No. 1 on the Billboard 200 charts, residing atop the chart for two weeks and selling 913,000 copies, according to Nielsen SoundScan.

(Editing by Zorianna Kit)

More here:
Kelly Clarkson’s fifth album delayed until September



SXSW: Geek Parents Wrestle with How to Raise Digital Native Children (LiveScience.com)

Published by in Uncategorized on March 15th, 2011 | Comments Off

AUSTIN – The nerds, geeks and hipsters who helped build modern technology have done more than grow up over the last 20 years — they’ve started multiplying. Now, faced with the prospect of raising children in a world even more wired than theirs, a new breed of parents are redefining child rearing for an age of digitally native children.

Speaking at the South by Southwest music, film and interactive technology conference here, self-professed “geek dads” Dan Sinker and John Bracken led a room full of parents through some of the tough questions parents face regarding Facebook, Internet usage and how early to start teaching their kids programming.

“A lot of things are different now. The first time my baby gave me a kiss, it was over [Macbook’s video chat program] FaceTime,” Bracken said. “On the other hand, I think a lot of [parenting] was exactly the same as before.”

For parents who spend most of their day online themselves, limiting their children’s time on digital devices while simultaneously giving them a head start on the computer skills needed to succeed in the new economy can turn into a vexing cross between the classic parenting problems of “do as I say, not as I do,” and forcing their child to practice the piano more.

The parents in the seminar (who asked not to be identified) agreed on many points, including the need to monitor their children’s Facebook accounts, and snapping up online identities for their children as soon as possible. When one prospective father asked the group if he should register his daughter’s name as a URL, a Twitter feed, a Facebook account and a Gmail address as soon as she is born, the entire group answered with a resounding “yes,” with many saying he shouldn’t even wait for her birth.

The group also agreed on teaching their children programming languages and proper Internet behavior as early as possible. Another father in the audience said he thought of it as raising his child bilingually, with the languages being English and the programming language C++.

“My son is 7, and he has a Twitter account. Just having that account lets us stay together, and it’s a fun thing to do as a family,” one mom said. “It’s important to introduce these things early, so they learn how to handle it. Also, I like that he has that competitive advantage, too.”

The main point of disagreement amongst the group arose over the issue of limiting TV time. Bracken, for instance, will not let his daughter watch TV, but has no problem showing her streaming Netflix shows on his iPad. Sinker agreed, noting the unlike regular TV, streaming media contains little or no commercials for unhealthy foods or products parents might find to be objectionable. Some in the audience did not agree with this explanation, however, and called Bracken’s approach hypocritical.

With so many of the parents agreeing with Bracken and Sinker in regards to monitoring their children online and snapping up digital identities as soon as they pick their child’s name, it took the lone child in the audience, an 18-year-old conference employee charged with monitoring the time of the meeting, to bring in a dissenting opinion.

“It might seem nice now, and it’s nice that you want to reserve their domain name and be so involved, but you have to understand that later in life they will want to build an identity,” the SXSW worker told the assembled parents. “Remember, your child might want to use that name for themselves.”

This story was provided by InnovationNewsDaily, a sister site to LiveScience.

Tech Overload Causing Back & Neck Problems in Youth
In the Future, Computing is (Cunningly) Constant
How Kids are Immune to Information Overload

Read more here:
SXSW: Geek Parents Wrestle with How to Raise Digital Native Children
(LiveScience.com)



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