For the third year in a row, BGR is reporting that they have confirmed with AT&T insider sources that employee vacations have been blocked in June, almost confirming that a new iPhone launch is imminent this summer, in either June or early July.
This fourth generation iPhone has been a device of rumor for some time now, with most claiming it will be called the iPhone HD.
In March, the WSJ reported that a new iPhone was coming this summer, but they offered very few details other than saying it would be thinner and include a more powerful processor.
DaringFireball, as reported here, added some more fuel to the fire, saying that the iPhone HD will include an A4-family CPU system-on-a-chip, a 960 × 640 double-resolution display, a front facing camera in addition to the standard camera, as well as iPhone OS 4.0 built-in, with multitasking.
Result for: insider sources
According to the NYPost, Blockbuster is on its last legs, and is looking for an equity partner as it runs completely out of money.
Citing insider sources, Blockbuster needs $213.5 million in cash to pay off loans and interest for 2010, with a similar amount coming due in 2011. According to latest financials, the company only has about $211 million in cash, and is expected to lose as much as $120 million in 2010, leaving them with no ability to pay off the loans unless they sell more of their assets, or complete larger cost cutting measures.
After the report, Blockbuster CEO Jim Keyes disagreed with the assessment: “All your numbers are wrong. They bear no resemblance to any materials we have in the market.” Any talks with private equity firms are for “strategic alternatives,” not to add capital infusions.
In February, Blockbuster said they owed $105 million in interest payments for 2010, but did not add what they needed to pay in principal.
Result for: insider sources
According to a few “insider sources,” Disney is currently in serious negotiations with Hulu for a deal that would bring Disney and ABC content to the popular online video site.
Although it is not entirely clear what programming would be brought over, ABC TV content such as the blockbuster show Lost is a definite while many believe that Disney Channel programming such as Hannah Montana will make the crossover as well.
In exchange, Disney would be given an equity stake in the site.
Hulu recently became the number four video site in the US with 332.5 million video streams viewed for the month of February alone. Disney was far down the list in 9th, with 112 million streams viewed for the month.
If the deal were to be completed, Hulu would have 3 of the largest broadcast TV networks, with the notable exception of CBS which runs rival site TV.com.
