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Social Entertainment Leader Milyoni Secures $11 Million in Funding

PLEASANTON, CA--(Marketwire -02/24/12)- Milyoni, the leader in social entertainment, today announced that it has secured $11 million in Series B financing led by Oak Investment Partners. Previous investors ATA Ventures and Thomvest Ventures also participated in the round. Milyoni will use the funding to further extend its product portfolio in bringing social entertainment experiences to fans on Facebook. The company will also expand its U.S. presence, with offices opening in Los Angeles and New York City.

"With more than 800 million users and growing, Facebook has established itself as a go-to platform for the discovery and consumption of content today," said John Corpus, founder and CEO. "In 2012, we anticipate an even greater shift in behavior, with more entertainment companies putting the marketing muscle behind their Facebook presence to further expand their selections of movies, music and other content on the platform. The way we see it, we're only in the first of a nine inning game."

Milyoni provides a new way for entertainment companies to take their Facebook presence to the next level by providing a fun, unique, shared and social experience to users. Using Social Cinema and Social Live, fans can easily view, like and comment during particular points within a movie, TV show, sporting event or concert and chat with friends while watching. Over the last year, Milyoni has powered some of the biggest social entertainment campaigns on Facebook and has stamped a number of innovative firsts, including the first PPV movie on Facebook, the first live PPV concert on Facebook, the first socially interactive movie and the first day-and-date movie release on Facebook.

"Oak Investment Partners is excited to join the Milyoni team to further extend their stronghold in the social entertainment arena," said Fred Harman, Managing Partner at Oak Investment Partners. "The company has shown tremendous traction and growth over the last year, hosting more than 100 titles on Facebook today. The audience for Milyoni's technology continues to expand along with Facebook's growth. We're confident that the Milyoni team has both the passion and experience to propel the company forward."

"We've believed in Milyoni from the beginning and have seen the company's growth mirror that of the entertainment industry's needs," said Hatch Graham, Managing Director, ATA Ventures. "Milyoni's technology has evolved into the powerhouse social entertainment platform it is today, and the company is poised to continue its leadership in the space. ATA Ventures is thrilled to be a supporting partner."

Milyoni is primed for an impressive 2012 with 15 current studio partnerships and dozens more in the pipeline. The company has more than 3,000 Social Cinema titles and over 50 Social Live events slated by year's end. Milyoni will continue to enrich studio interaction, administration and analytics functionality bringing unprecedented insight and engagement to the entertainment experience.

For more information, visit http://www.milyoni.com.

About Milyoni
Based in the San Francisco Bay Area, Milyoni, Inc. is the leader in social entertainment. The company's technology provides entertainment companies with a way to connect and engage with Facebook fans, and turn them into customers. Whether it's watching a live concert, movie or sporting event or shopping your favorite brands, Milyoni enables companies to monetize fans pages through a unique level of engagement and a shared, social experience. Milyoni's services reach over 150 million fans from industry leading customers, including Universal Pictures, Lionsgate, Paramount Studios, Big Air Studios, Austin City Limits Live, Turner Broadcasting, University of Oklahoma and The NBA to bring a variety of digital content and physical goods to fans on Facebook. For more information, visit http://www.milyoni.com.

About Oak Investment Partners
Oak Investment Partners is a multistage venture capital firm and a lead investor in the next generation of enduring growth companies. Since 1978 the firm has invested $9 billion in nearly 500 companies around the world, earning the trust of entrepreneurs with a senior team that delivers steady guidance, deep domain expertise and a consistent investment philosophy. Its current portfolio includes Bleacher Report, Demand Media, Federated Media, Good Technology, KAYAK Software, MobiTV, Rearden Commerce, and Wonga. Oak Investment Partners is also known for its historical investments in aQuantive, Allyes, AthenaHealth, Gmarket, HuffingtonPost, Inktomi, Netspend, Polycom, Seagate, and TeleAtlas.

About ATA Ventures
ATA Ventures is a venture capital firm focused on seeking out early stage private companies that appear to offer above average prospects for capital growth. With over $450 Million of capital under management, ATA Ventures focuses on Information Technology (IT) and provides seed capital and early stages of financing to these companies. For more information, visit http://ataventures.com.

About Thomvest Ventures
Thomvest Ventures is an early-stage venture capital firm committed to the success of our entrepreneur partners. We primarily focus on investments in areas where we have deep expertise and experience, including software, technology-enabled services, and hardware businesses. The capital we invest is our own, enabling us to be more creative, flexible and patient than many venture investors. More than two-thirds of the companies we have funded in the last decade have either gone public, been acquired, or continue to grow as independent businesses. For more information, visit http://www.thomvest.com.

Facebook® is a registered trademark of Facebook Inc.

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Social Entertainment Leader Milyoni Secures $11 Million in Funding

The Bachelor – Video

24-02-2012 12:28 Another sketch from JackWagon.TV. The Bachelor is currently searching all over the country for the next candidate, so the JackWagon fools tried putting together a couple audition tapes... but they failed. Jeff couldn't last more than 5 seconds with out finding an excuse to take his shirt off. Chris couldn't keep his on either but that was uncasual for different reasons. Fortunately they found a great candidate and helped him shoot his audition tape. JackWagon.TV Special thanks to: Chris Harrison at Crossfit Lions Cam Andersen

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The Bachelor - Video

Daecon In: Daemon Rising (ReBoot) – Video

24-02-2012 19:59 These clips are from Season 4. All comments that contain cussing and inappropriate language WILL be deleted. Please edit yourselves. Mainframe Entertainment owns all rights to this segment. __________________________ Overview A supervirus known as Daemon has taken over the Super Computer, and is trying to infect the entire net. Despite being a virus, she is not malevolent, and only wants to bring order to the net. To this end, she used something called 'The Word' to brainwash people she comes into contact with, and has already infected all of the Guardian Collective, apart from Bob and Matrix. Mouse, Dot, and Phong manage to seal off a few systems on the net, and when Daemon activates her infection which has been lying dormant, all but those systems become infected. During the course of the battle, Mike the TV, then AndrAIa, Matrix, and Mouse become infected, and therefore loyal to Daemon. Since it was Mouse who programmed the firewall to seal off Mainframe, Daemon uses her to break in, as she needs Bob to help infect the other sealed off systems. Arriving in Mainframe, Hexadecimal powers up in the core, and uses the energy to fight Daemon. However, it is in vain: Daemon initiates the final stage of the infection, which causes everyone infected to begin a net-wide binary countdown, which will cause them all to be deleted. Being a cron virus, Daemon's time was up, and is instantly deleted. A cure to the infection, taken from Matrix's icon, is delivered to the entire net by ...

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Daecon In: Daemon Rising (ReBoot) - Video

REX FILES The Machinima Partnership – Video

25-02-2012 04:12 =-=-=-=-=-=-=-=-=-=-= What is WAY?? ? tgn.tv How do I get more views on YouTube? ? tgn.tv ? TGN grew from 0-10 million in 5 months and shares how in this handbook! Get more TGN! ? tgn.tv ? http ? tgn.tv ? tgn.tv ? tgn.tv ? tgn.tv TGN servers live on the OneWire Cloud ? tgn.tv WAY? (We Are YouTube) ? tgn.tv ------------------------------------------------------------------------------- Links: XBoxLive = Calvary Cross tgn.tv FaceBook = http://www.facebook.com Twitter = twitter.com YouTube =www.YouTube.com/Irkrash Tgn dot TV = tgn.tv Current Video = Please Comment, Friend, Rate, Subscribe. Thank you everyone. This is part of the WAY movement, hosted by TGN.tv -------------------------------------------------------- IrKrash's Webcam Video from February 25, 2012 02:00 AM

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REX FILES The Machinima Partnership - Video

Is tech taking a jackhammer to Hollywood's middle class?

A recent piece in The New York Times paints a bleak picture for the nongentry of entertainment. Don't expect things to improve soon.

Foreclosures, bankruptcies, eviction notices, and tears.

That's the picture painted Thursday in a New York Times op-ed piece about a Hollywood film industry that is supposedly "contracting."

Hilary De Vries, a screenwriter and book author, writes about how Hollywood's middle class is hurting. We're not talking Brad and Angelina or Martin Scorsese. We're talking about the guy you might remember from a soap opera or the writing team for a lesser-known sitcom. De Vries offered anecdotes about how her neighbors--several cash-strapped actors and screenwriters--have lost homes to foreclosure. She described how popular eateries are deserted. Work is drying up. One of her neighbors laments becoming a statistic, just one of the millions across the country losing their home.

De Vries offers several reasons for Hollywood's troubles, including the ailing California economy. She also mentions falling DVD sales and the rise of Internet streaming services. That's probably closer to the nut. The California economy booms and busts, but new technology can have a lasting and (unfortunately for some) financially ruinous impact.

That's why I don't believe this is a lull that the film business will pull out of soon.

I'm not trying to spread fear, uncertainty and doubt. I grew up in Los Angeles. I have family and friends who make their living in the film sector. I've also covered tech for over a decade, and what's happening to the film industry is something I've seen before. Two years ago I wrote a piece titled "The end of the world as Hollywood knows it." My message was this: Not one of the media sectors restructured by the Internet or digital technology has managed to rebuild itself to its previous size. Not recorded music, radio or newspapers.

More and more it looks like it's Hollywood's turn to get a haircut.

The above chart illustrates the revenue generated by overall music sales for the years 1996 through 2010. Is the film sector headed the same direction?

(Credit: Recording Industry Association of America)

Back then, I wrote how Internet piracy and the popularity of Netflix had permanently reshaped the film industry. The arduous and time-consuming process of downloading movie files had begun to give way to convenient and instantaneous streaming via cyberlockers. That opened the floodgates. In the two years since, the public's appetite for pirating movies, or acquiring streaming video on the cheap (thanks to Netflix and its $8-per-month fees) has mushroomed. Over the past two years, the number of Netflix's subscribers has risen from 16 million to 24 million, or about 50 percent.

In addition, other revenue streams are ailing. Cable subscribers are more dissatisfied. Movie fans are even less interested in collecting DVDs.

So where does Hollywood turn? De Vries and her neighbors shouldn't expect much help from the government. In the battle for hearts and minds, Hollywood is losing.

Hollywood finds itself at times warring with its audience. To many consumers, the film industry is awash in cash (true or not) and greedy. They write on Twitter and Facebook how much they hate hearing about the studios' reluctance to license popular titles to Netflix or about police crack downs on file-sharing services, such as the arrest last month of MegaUpload founder Kim DotCom.

Don't overlook the significance of what happened with the Stop Online Piracy Act and the Protect IP Act. The film industry had enlisted support for the antipiracy bills from both major political parties and in both houses of Congress. President Obama was supposed to be a big supporter.

Pow. The tech sector fought back, rallied grassroots opposition, and quickly crushed any chance of the bills getting pass. Even the president turned his back on the legislation.

Despite everything, the film sector holds out hope. In what reads as a rebuttal to De Vries opinion piece, the Times published a giddy story yesterday about how Hollywood is "euphoric" about the Internet and the rising number of digital opportunities. Certainly, studio bosses are trying to make the Web work for them.

Critics once scolded them for not making their product more accessible and less expensive. So, they started distributing through Netflix and Hulu. They have lots of other opportunities coming.

But the studios have also saved the latest and most popular titles for their traditional distribution partners: theaters, pay-TV services, cable and broadcast. Those outlets pay more than Web distributors.

Many experts, however, doubt that the studios and networks have come close to satisfying the public's hunger for Internet access to cheap movies and TV shows. There's a lot of skepticism that consumers will ever collect movies again. Netflix's rental model and piracy sites have given the masses a taste for what Web distribution can be. Skeptics question why consumers would accept anything less now.

Of course, there will always be TV shows and feature films. Americans have been buying movie tickets for over a century. This year, theater owners are said to be seeing a rebound in the first quarter. But over the long term, all the signs indicate that the money that once surged into the industry will slow to a trickle.

There's no making up that lost DVD money anytime soon.

Do your own research. Start by looking at what happened to the music industry. The big record companies have fought file sharing for over a decade, ever since the emergence of Napster. They stopped one form of piracy, a new one cropped up. Last year, overall music sales rose slightly after seven consecutive years of declines. Still, revenue is now half of what it once was.

Maybe the digital efforts and antipiracy programs will eventually have an impact, but nothing is sure. If you're connected to the film business, you have to be willing to bet the studio chiefs can succeed where everyone else has failed. Be safe and sock money away.

I don't want anyone to lose their homes or become a statistic.

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Is tech taking a jackhammer to Hollywood's middle class?