New York - Vevo, the online music video portal joint venture between Universal Music Group, Sony (NYSE: SNE) Music and Abu Dhabi Media Company, has signed AT&T (NYSE: T) as the first sponsor of the site. read more

Vevo, the version of the music industry of Hulu, now has its own version of Providence Equity, the outside investor, who had a brochure in the Web-TV and film joint venture of Abu Dhabi Media Company has purchased a in the company of the owners of Universal Music and Sony (SNE). Terms of the deal were not disclosed, but I said the transaction values the joint venture for 300 million dollars. Google (GOOG) YouTube is not the owner of the company, but that revenue sharing in return for loans Vev

Earlier today, Sony Ericsson announced the launch of its newest flip phone, the Equinox . The new clamshell that “encourage[s] individualism through unique pulsating night effects that enable users to never miss a call or text message” will be available exclusively from T-Mobile. Among other things, the “unique” flipper features 3G and quad-band GSM/Edge radios, user-defined lighting “accents” for caller ID/messaging alerts, a 3.2MP camera, an integrated FM radio, and stereo Bluetooth. The

Third quarter profits have fallen sharply for Ericsson mainly due to losses at their mobile phone joint venture Sony Ericsson, declining gear sales and heavy restructuring charges reports the WSJ . Ericsson reported a 71 percent drop in net profit to 810 million kronor, which is roughly $118.2 million, for the 3 months up to the 30th of September form the previous year of 2.84 kronor. These latest results include 2.7 billion kronor in cost cutting charges that they announced back in Janua

STOCKHOLM-- Telefon AB L.M. Ericsson said Thursday third-quarter net profit fell sharply, hit by heavy restructuring charges, losses at its handset joint-venture Sony Ericsson and declining gear sales. The world's largest network-equipment maker reported a 71% drop in net profit to 810 million Swedish kronor ($118.2 million) for the three months to Sept. 30, from 2.84 billion kronor a year earlier. Sales fell 6% to 46.43 billion ... The magic of Hogwarts has nothing on Microsoft