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After receiving good news over a new royalty agreement with the Copyright board, Pandora raised $35 million in funds. While news of investors is scant, Pandora said that VC firm Greylock Partners was a top contributor. The $35 injection will help Pandora pay royalties and develop new ad schemes.

News Corp is ready to turn MySpace into an entertainment-centric site. The social network, which has consistently lost popularity to Facebook, will now be a home for people with common interests. Murdoch noted that MySpace will focus on becoming an “entertainment portal.”

Microsoft is combating Google’s move into the operating system business by offering cloud versions of its Windows programs. The applications, which will offer word processing and spreadsheets, among other tasks, will compete directly with Google’s Applications. Google, which just brought its applications out of beta in order to increase marketability, was really looking to cut Microsoft’s business suite business by offering free applications to business.

Sacha Baron Cohen’s Bruno took the top spot at the box office this weekend. The follow up to Borat earned $30.4 million domestically, and $25 million internationally for a worldwide total of $55.4 million. Internationally, Ice Age: Dawn of the Dinosaurs grossed another $98 million for a worldwide earning of $327.1 million in its second frame of release.

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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