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Posted: 29 Apr 2014 06:23 PM PDT

SAN FRANCISCO: Microsoft Corp will begin selling its Xbox One video game console in China in September through its partnership with Chinese Internet TV company BesTV New Media Co, the company said on Tuesday.

The partners will also kickstart a program to help developers create, publish and sell Xbox One games in China and other markets where the console is sold, Microsoft said in a statement.

In September last year, Microsoft and BesTV, a subsidiary of Shanghai Media Group, formed a joint venture and invested $237 million in "family games and related services."

Last week, Shanghai's government said console makers such as Microsoft, Sony Corp and Nintendo Co will be able to manufacture and sell consoles in China through "foreign-invested enterprises" in Shanghai's free trade zone.

China had banned game consoles in 2000, citing their negative effect on the mental health of its youth. It temporarily lifted the ban in January.

Pirated and smuggled consoles have been available in China during the ban, but they sold poorly as Chinese gamers predominantly play PC and mobile games.

Microsoft has sold more than 5 million Xbox One video game consoles to retailers since its launch in November.

The announcement was first reported by Re/code on Tuesday. - Reuters

US INDUSTRY Summary

Posted: 29 Apr 2014 06:20 PM PDT

Univision says Comcast buy of TWC could be 'bad for Hispanic audiences'

The head of the Spanish-language television network Univision [UVN.UL] said on Monday that Comcast Corp's plan to buy rival Time Warner Cable Inc could be "bad for Hispanic audiences."

PR Newswire agrees to curb early access for high frequency traders

NEW YORK (Reuters) - PR Newswire will require customers that receive direct feeds of its market-moving releases to certify they will not engage in high-frequency trading on the information, New York Attorney General Eric Schneiderman said late Tuesday.

Glam Media changes name to Mode, expands into online video

SAN FRANCISCO (Reuters) - Glam Media, the online lifestyle publishing company, is changing its name to Mode Media and heading into the increasingly crowded market offering original online video programming.

Publicis, Omnicom seek to resolve leadership spat over CFO job - sources

The chief executives of advertising companies Publicis <PUBP.PA> and Omnicom Group <OMC.N> are working together to resolve a seven-month-old struggle over who will be chief financial officer of their combined group if the $35 billion merger is completed, three people close to the deal said on Sunday.

Mediaset confirms foreign interest for its pay TV business

Italian broadcaster Mediaset <MS.MI> confirmed it had received expressions of interest from foreign players for its pay-TV business - though it gave no names - as media speculation grows a tie-up could be on the horizon.

WPP thumps forecasts with strong Q1 organic growth

WPP <WPP.L>, the world's largest advertising group, reported a much better than expected 7 percent rise in first quarter like-for-like revenue growth and said it had seen a surge in new client wins due to changes in the industry.

Ebay says foreign cash needed for US growth, buybacks

Posted: 29 Apr 2014 06:15 PM PDT

SAN FRANCISCO: Ebay Inc said on Tuesday that access to foreign earnings will allow the e-commerce giant to take advantage of growing opportunities in the U.S. market while also completing $5 billion in share buybacks.

The company, which also reported better-than-expected earnings, will take a $3 billion non-tax charge to repatriate foreign earnings. This will result in an additional $6 billion to eBay's U.S. cash pile. - Reuters

Kredit: www.thestar.com.my

Selasa, 29 April 2014

The Star Online: Business

The Star Online: Business

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