Earnings Season

5:10 PM -- Today on Contentinople:

  • Disney reported its first-quarter profits dropped 32 percent, blaming lower DVD sales and a drop in advertising at its broadcast and cable properties.

  • Time Warner announced its fourth-quarter revenues fell 3 percent to $12.3 billion, with its AOL units dragging it down. (AOL revenues fell 20 percent in 2008.)

  • Warner Bros. plans for most 2009 titles to be released on DVD the same day they are released via cable TV operators, satellite providers, and online movie distributors such as Amazon.com, Netflix, and iTunes, CEO Jeff Bewkes said on the company's fourth-quarter earnings call this morning.

  • Technology firm Mixpo raised an additional $4 million, bringing its total financing to $10.5 million. The company's SaaS platform helps advertisers easily create and manage video ads to be served at the local level.

  • U.K.'s Competition Commission has rejected Project Kangaroo, a joint online video distribution initiative by three of the country's major broadcasters, because they see it as monopolistic.

  • EdgeCast announced today that it will provide content delivery for IP services firm NaviSite, as part of its plans to focus more on its reseller business. Resellers make up about 25 percent of EdgeCast's revenue, but president James Segil says he hopes to increase that to 40 or 50 percent over the next few years.

And in today's News Bits, MySpace revealed that it has blocked 90,000 sex offenders from the site.

— The Staff, Contentinople

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