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Watch Shelly’s commentary on DREAMWORKS deal with Indian media conglomerate RELIANCE and the evolution of the Hollywood economy.

LINKEDIN, the preferred social network of the professional set, will receive a $53 million infusion of capital. LinkedIn, whose average user is 41 and has an average income of $109,000, is valued at $1 billion. LinkedIn investors include Bain Capital, Seqoia Capital, Greylock Partners and Bessemer Venture Partners.

MICROSOFT (NASD: MSFT) will acquire interactive TV ad network NAVIC for an undisclosed sum. Navic’s platform provides advertising and interactive television applications on over 35 million set-top boxes on COMCAST (NASD: CMCSA), COX (NYSE: CXR), TIME WARNER CABLE (NYSE: TWC) and CHARTER COMMUNICATIONS (NASD: CHTR) networks. Navic helps advertisers broaden their reach by tailoring ads to demographics and other viewer characteristics.

Rapper LIL WAYNE is expected to top the BILLBOARD charts this week with
over 1 million copies of The Carter III sold this week. Lil Wayne’s stats are significant as the last artist to sell a million copies in a week was 50 Cent in 2005. The Carter III’s success comes as record sales continue to fall, already down 11% this year, compared to 15% last year.

Analysts believe the iPhone could drive a third of APPLE’s (NASD: AAPL) revenue in 2009. With a lower price tag on the iPhone, Morgan Stanley expects Apple to sell 27 million units in 2009, which at $200 a phone would generate roughly $5 billion in revenue.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.



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