As part of the massive layoffs announced at Microsoft, Microsoft announced that they are going to shut down the recently formed Xbox Entertainment Studios which was responsible for creating original programming for Xbox platform. CBS entertainment president Nancy Tellem was hired by Microsoft back in 2012 to lead these efforts and their recent production was “Every Street United” which was premiered on Xbox One during the world cup. Following was the announcement from Xbox head Phil Spencer, As part of the planned reduction to our overall workforce announced today and in light of our organization’s mission, we plan to streamline a handful of portfolio and engineering development efforts across Xbox. One such plan is that, in the coming months, we expect to close Xbox Entertainment Studios. I would like to take this opportunity to recognize the accomplishments from the entire team in XES. They have built an impressive slate of original programming and pioneered ...

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Yahool, AOL and Microsoft are to pool their “Class 2 display”  ad inventory from their respective web properties and allow the other members to sell this to advertisers. The deal will give each member greater capacity to sell to advertisers and deal with large orders internally, rather than having to farm these out to 3rd party ad networks. Yahoo Americas head Ross Levinsohn  revealed the deal on behalf of Yahoo at a dinner meeting last night, with AOL CEO Tim Armstrong attended as well as Microsoft Advertising COO Dave O’Hara. The deal appears to be targeted at Google, currently the largest display advertiser, and should give each member greater scale than they would have had individually. Microsoft already has a search deal with Yahoo, and the two has been slowly eating into Google US search share, which is down 6.5% year on year so far. Read more at AllThingsD.com ...

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