Glendale–based animation studio DreamWorks Animation SKG Inc reported a bigger-than-expected loss in the first quarter as the animation company spent heavily on diversifying its business.

After playing the blame game with regard to fluctuating streaming speeds for months, Verizon and Netflix are now "aggressively" working together for faster streaming, by the way of setting up a more direct ISP connection which will enable smoother streaming speeds for Netflix subscribers using the FiOS network.

Online retail giant Amazon started selling its new streaming media set-top box - called the Amazon Fire TV - last week; and the device went out of stock quickly. The customers' overwhelming response to Fire TV continues the tradition of the Kindle and Kindle Fire devices as well as most of the other Amazon-branded hardware products of the past.

As per the announcement made on March 14, a Public consultation will be launched this year by the European Commission on the regulation of HbbTV (Hybrid Broadband Broadcast TV).

In a Tuesday-released report titled `Enemies of the Internet,' media watchdog RSF said that blatant online spying activities were apparently been undertaken by Syria, China, Iran, Bahrain and Vietnam.

For the first time since the year 1999, the music industry - one of the first media businesses to suffer the blows of the digital revolution - reported on Tuesday that its worldwide sales had witnessed an increase in 2012, as per the figures shared by the International Federation of the Phonographic Industry.

In a move which will pitch Sky directly against the Apple iTunes service and the Google Play store, the company will launch its Sky Go Extra service this week; giving its Sky Go subscribers the advantage of downloading content to mobile handsets and tablets.

Employees at Irish Daily Star have been notified that the publication would cut jobs and trim down wages of the remaining staff as part of its cost-cutting plan.

Irish Daily Star is a 50:50 joint venture (JV) between Independent News & Media and British publisher Northern & Shell. In September last year, Northern & Shell owner Richard Desmond had threatened to close the title.