Lockerz Nearing Closure on $45 Million Round From Live Nation, Others

Seattle-based Lockerz, an e-commerce company trying to build a rewards-based program for teens, is close to securing a third round of capital totaling $45 million.
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Dancing Queen: After Meeting With Microsoft Last Week, Yahoo Is Next on Hulu’s Sales Card

Here’s a handy helper for those following the fate of the Hulu premium online video service, whose noisy efforts to sell itself have gotten a lot of attention of late: “In preliminary talks” = “hawking itself to one of a half dozen big moneybag tech companies who will visit with Hulu’s bankers and management to see its presentation at Morgan Stanley’s office in Century City in Los Angeles.”

Barnes & Noble Loss Widens on Higher Expenses

Barnes & Noble Inc.’s fiscal fourth-quarter loss widened on higher expenses, though the bookseller posted higher revenue, thanks to surging online sales.

Sony Films Leave Netflix

Movies distributed by Sony Corp.’s Sony Pictures Entertainment were removed from Netflix Inc.’s on-demand Internet service Friday, a Netflix executive wrote in a blog post, adding that the absence was “temporary.”

Netflix CEO: We’re Not Causing Cord-Cutting

CEO Reed Hastings says the company isn’t responsible for causing consumers to dump their cable or satellite TV providers in favor of Internet-based video entertainment. He also talked about how much it may cost to renew Netflix’s deal with Starz.
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Liberty Says Nook Inspired B&N Bid

Liberty Media Corp. executives laid out their rationale for their surprise bid for Barnes & Noble Inc., touting the potential of the bookseller’s Nook e-reader and the vast network of retail stores it can use to promote it.

Liberty Media Bids for Barnes & Noble

Barnes & Noble Inc. said that Liberty Media Corp. has offered to buy the bookseller in a deal valuing it at about $1 billion. Barnes & Noble shares were up 20 percent in after-hours trading Thursday on the news, matching the $17-a-share offer price from John Malone’s media empire.

Starz to Delay Some Content On Netflix

Pay-TV channel Starz plans to delay the availability of new TV shows and movies to Netflix Inc., adding to the list of media companies that have signaled plans to keep new content away from the growing online-video giant.

How Lockerz Is Making Shopping a Lot More Fun for the 19 & Under Crowd

Seattle-based Lockerz is trying to build an all-new e-commerce experience for Generation Z. Here’s how it plans to do that using techniques from FarmVille and Facebook.

News Byte

Barry Diller and John Malone Complete Their Divorce

Barry Diller and John Malone, who have been tied together for 17 years, are officially split up, for good: Malone’s Liberty Media is abandoning its majority stake in Diller’s IAC holding company and taking $220 million along with IAC’s Evite.com and Gift.com units, as parting gifts. Meanwhile Diller himself is making a smaller break with IAC by stepping down as CEO, but will remain as chairman. More details from Shira Ovide.