News Byte

Mobeam Banks Another $1.5 Million for Mobile Bar Code Technology

Mobeam has raised another $1.5 million in capital to work on a solution for point-of-sale systems at retail not being able to read bar codes from coupons on cellphone screens. In October, the company raised $5 million; in December, it inked a high-profile partnership with Procter & Gamble, and now adds new investor DFJ Athena, a Korea-focused venture fund affiliated with Draper Fisher Jurvetson, to the list. Previous investors include Yet2Ventures, Samsung Ventures and Mitsui.

The Mobile Coupon Is Broken and Procter & Gamble Has Found a Solution

Procter & Gamble thinks it has found a solution to distributing coupons on mobile phones.
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News Byte

Amazon to Release Ad-Subsidized Kindle for $114

Amazon is dropping the price of its Kindle e-reader to $114 as it faces increasing competition from Apple, Barnes & Noble and other tablets. The new price point represents a $25 price cut on the Wi-Fi version, but it comes with one major trade-off: ads. The e-reader will be sold by Amazon, Target and Best Buy starting May 3. Ads will appear on the device’s screen saver and show up as a banner on the homepage, but will not appear inside books. Initial advertisers include General Motors, Procter & Gamble and Visa.

Exclusive: BermanBraun Strikes Big Ad Deal with Starcom

In an interesting move for premium online content, Hollywood’s BermanBraun has signed an advertising deal with Starcom MediaVest Group, the media agency unit of advertising giant Publicis Groupe, sources said. As part of the deal, Starcom gets a “first look” at all of the online properties created by the innovative production company headed by Lloyd Braun (pictured here) and Gail Berman. BermanBraun produces both digital and mainstream content.

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Venture Capitalist's New Frontier: Where Cellphones Meet Retailing

Reid Hoffman, the Silicon Valley entrepreneur who put money early into hot start-ups like Facebook Inc. and online gaming company Zynga Game Network Inc., now has his eye on the intersection of mobile phones and bricks-and-mortar retailing. His latest bet as a partner at venture capital firm Greylock Partners is on Shopkick Inc., one of a number of young firms hoping to turn cellphones into tools for spurring sales. Mr. Hoffman, who joined Greylock last November, is leading its $15 million investment in the company and taking a seat on its board on behalf of his firm.

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Marketers Face Zooming Costs as ESPN Launches 3-D Channel

Walt Disney Co.’s ESPN network has convinced three major advertisers to produce expensive 3-D commercials for its new sports channel debuting Friday with the 2010 World Cup broadcast. It is the first major test of marketers’ appetite for 3-D pitches. Procter & Gamble Co., Sony Corp. and Disney’s Pixar will all experiment with spots on the new 3-D sports channel. ESPN has previously aired several 3-D telecasts, including the Masters Tournament.

Another Web Ad That Wants to Eat Your Screen (With Your Permission)

FireFly Video wants to take over your monitor and show you lots of clips. If you’ll let it.

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Procter & Gamble to Test Online Store to Study Buying Habits

Procter & Gamble Co. plans to launch an online store that will sell key brands, aiming to study consumer buying habits as it counters moves by traditional retailers, which have reduced the variety of brands they carry. P&G spokeswoman Tressie Long said the company sees the new online store as more of a “learning lab,” where it can study consumers’ online buying habits, rather than as a direct source of sales growth.

Vevo Bounces Back From a Rough Start With 20 Million Streams a Day

Remember Vevo, the “Hulu for music video” service that launched with a lot of fanfare, then earned a ton of lousy press for an error-filled launch? It has fixed its tech problems and is doing just fine, thank you very much. Vevo says it is generating around 20 million video views a day, which puts it on track to generate some 600 million views a month. Next step: Turning those views into dollars.
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Almost Famous: Flowtown’s Ethan Bloch

This week: We grabbed a coffee with Ethan Bloch, CEO of Flowtown, a platform that aims to help businesses understand the people on their mailing lists. He swears it’s not stalking.
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