One True Media Raising $10M

One True Media, provider of personal video products and small business ad creation tools, has raised $8 million of a $10 million second round of funding, according to a regulatory filing.

Will RealNetworks Buy Scrabulous?

Scrabulous is like Danger Mouse’s The Grey Album of Facebook Apps. Everyone loves it except the guys who own Scrabble (Mattel and Hasbro), the board game that inspired Scrabulous.

The legal troubles of the game cooked up by Rajat and Jayant Agarwalla, two brothers living in Calcutta, have been well chronicled, most recently by The New York Times. The game which has about 700,000 daily players brings in about $25,000 in monthly advertising revenues from online advertising.

All this attention has made Scrabble cool again. Electronics Arts is going to put out an online game. RealNetworks which has licenses from Hasbro and Mattel, want to make a Scrabble move, which spells S-C-R-A-B-U-L-O-U-S. Read More about Will RealNetworks Buy Scrabulous?