In a bid to make itself relevant again, struggling Internet pioneer AOL Inc. announced late Sunday that it would buy the Huffington Post, the well-known news and opinion site, for $315 million in cash and stock.

As part of the deal, Huffington Post co-founder Arianna Huffington (pictured above) will oversee a new group responsible for bringing together all editorial content from both companies including news, technology, music and local media websites.

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How much do you think we can sell GWOP for?

spotted: Film.com

List of Top 5 Films @ Box Office last Week:

The Rite – $15.5 million

No Strings Attached $13.7 million

The Mechanic $11.5 million

The Green Hornet– $11.5 million

The King’s Speech $11.1 million

Watch trailer for “Green Hornet” (2011) below:

Who you taking for the SuperBowl this weekend? Vote after the Jump.  Weezy F. Baby taking the cheese heads checkout his Green & Yellow Packers G Mix below:

Director Drake Doremus’ heartfelt romantic drama sold 16 hours after its premiere at the 2011 Sundance Film Festival.

Sundance Film Festival: Paramount pictures, which had execs Adam Goodman and Matt Brodlie in Park City to see the film, paid $4 million for worldwide rights according to sources.

Anton Yelchin, Felicity Jones and Jennifer Lawrence star in the mostly improvised romantic drama about two students who fall deeply in love only to be separated because of a visa violation (she’s from England). Their struggle to maintain a connection while embracing other relationships and then each other repeatedly sustain the drama of the film. Doremus and  Ben York Jones wrote the script.

Like Crazy was produced by Jonathan Schwartz and Andrea Sperling of Super Crispy Entertainment. Executive producers are Audrey and Zygi Wilf.

Watch clip of  ‘Like Crazy‘ after the jump.

 

spotted: HipHopDX

* Please note: figures below approximated to nearest thousandth.

Top 200 Album Sales (Top 5 Hip Hop/R&B)

Rank	Artist	Album	This Week	Est. Total
6	Bruno Mars	Doo Wops & Hooligans	34,000	563,000
9	Nicki Minaj	Pink Friday	28,000	951,000
12	Rihanna	Loud	26,000	840,000
16	Kanye West	My Beautiful Dark Twisted Fantasy	22,000	962,000
17	Eminem	Recovery	20,000	3,489,000



Platinum selling recording artist Nicki Minaj has come a long way from doing Hood DVD’s a few years back!  Checkout “Itty Bitty Piggy” Throwback video of Nicki below S/O to Hood Affairs TV:

Watch trailer for New Indie film shot in Detroit, MI “Scandal in the City” Available Now on DVD.

Summary: One man’s obsession could cost him his political career. You’ve heard the rumors, the lies, and sensationalized news reports. See the story no-one would dare tell, until now.

Vodpod videos no longer available.

Steve Stoute appears in the first episode of INFLUENCERS’ in-depth series to discuss making the link between artists, athletes and other representatives of culture with brands and corporations and reveals how the game has changed in the 7 years he’s worked in advertising, and how it might have something to do with the current state of the record business and the need to find alternative ways of revenue.

INFLUENCERS was a short documentary released late last year which featured New York influential creatives from the fields of advertising, design, fashion and entertainment. Their new series serves to provide an in-depth understanding of how to find the balance between passion, art and business

BEVERLY HILLS, Calif., Jan. 11 (UPI) — Social Web site MySpace said Tuesday it will lay off about half of its workers, cutting 500 jobs in the United States and elsewhere to streamline operations.

Chief Executive Officer Mike Jones said, “The new organizational structure will enable us to move more nimbly, develop products more quickly and attain more flexibility on the financial side,” The Los Angeles Times reported.

With recent changes, the company purchased by News Corp. in 2005 for $580 million is regaining lost popularity, Jones said, pointing to increased activity in some of its online forums and 3 million new subscribers.

Firms that research online activity had data that was not so positive. ComScore Media Metrix said MySpace had 3.7 million fewer visitors in November compared with October’s 54 million total visitors.

The staff at GWOP Magazine (www.myspace.com/kbdigitalvision) currently does not use Myspace as much as we did back in 2006 when we started social networking.  We have converted over to popular sites such as FaceBook & Twitter.

A firm that tracks advertising, eMarketer, said advertising revenue at MySpace fell 26 percent in 2010.

How long before social networking sites, FaceBook & Twitter fall off the radar?

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