Microsoft: 1 Million Kinect Gaming Systems Already Sold

In the first 10 days after its launch, Microsoft (MSFT) said that it has sold more than 1 million of its hands-free Kinect gaming systems.

The software giant is hoping that the Kinect, which plugs into an Xbox and lets you play games just by moving y…

Is Apple Using Gift Cards to Prop Up a Sagging iBookstore?

Sales of e-books on Apple’s iBookstore have made “barely a blip” in the digital book market. Will its new iBooks gift cards help to change this — or will customers continue to use apps to allow them to read Amazon and Barnes …

MGM Files for Chapter 11 Bankruptcy

Metro-Goldwyn-Mayer Studios has filed for a re-organization bankruptcy, the studio announced Wednesday.
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Companies Launch Media Registry to Track Assets

Studios, cable and tech companies said they will launch an Entertainment Identifier Registry (EIDR) to track movies and TV shows in the same way that books are coded.

Each media asset, from a full-length movie to a short clip, will receive a unique I…