259w ago - Nintendo has provided some details and the first image of their upcoming Wii video service. This will not be a movie download store, rather a channel along the lines of the Weather Channel offering free and paid content.
To quote: The new service will be titled "Wii no Ma Channel." Different from other Wii media services, this one is not a WiiWare title, but an actual Channel along the lines of the Weather Channel and Fortune Telling Channel. Wii owners will be able to download it for free this Spring from the Wii Shopping Channel.
As reported in Nikkei, this is a joint project between Nintendo and Dentsu. Nintendo is working on the development and management of the service. Dentsu is negotiating with a variety of companies to bring original content to the service.
Nintendo didn't share specifics on the content, but this does seem to be a family-oriented service. The name "Wii no Ma" is a fusion of the Japanese expression "ochanoma" and "Wii," and, according to the Nintendo notice, can be taken to mean "A video experience space where you can enjoy communication when gathered with your friends and family in front of your living room television."
288w ago - Tomonobu Itagaki's announcement that he was leaving Tecmo and suing them for $1.4 million for unpaid completion bonuses, and against the company's president for "unreasonable and disingenuous statements" made towards him has led to Tecmo's share price to plummet.
The share price fallen 10 percent in the space of just one day.
At market close on Tuesday, the publisher's shares reportedly slumped from 1,102 yen ($10.40) to 982 yen ($9.27) – a reduction of ten percent... quite significant indeed.
294w ago - The online auction giant eBay is suing the popular internet community ad site Craigslist to "safeguard its four-year financial investment".
In a statement, eBay claimed that in January, Craigslist executives took actions that "unfairly diluted eBay's economic interest by more than 10%". No details of those actions were given by eBay.
In its company blog, Craigslist said it was surprised and disappointed by eBay's "unfounded allegations". The company said eBay's legal action "came to us out of the blue".
The case, which is sealed, has been filed in a court in Delaware, where Craigslist is registered. In a press statement, eBay claims that Craigslist's founder Craig Newmark and its chief executive Jim Buckmaster adopted unspecified measures in January that have disadvantaged eBay and its investment.
Preserve our investment
EBay's general counsel Mike Jacobson said: "Since negotiating our investment with Craigslist's board in 2004, we have acted openly and in good faith as a minority shareholder, so we were surprised by these recent unilateral actions.
He continues: "We are asking the Delaware court to rescind these recent actions in order to protect eBay's stockholders and preserve our investment."