NBC Sports and the NFL have another one-year deal to live stream the network’s coverage of Sunday Night Football on their respective sites, NBCSports.com and NFL.com. The digital package, which is technically separate from the two-year extension for broadcast rights announced Wednesday, kicks off on a Thursday, Sept.10, with the…

Adobe (NSDQ: ADBE) is cutting about 600 jobs, or 8 percent of its workforce, citing the economic slowdown. Sales for its Creative Suite 4 package, which includes the popular Photoshop, has been much slower than expected, the company said. And these cuts, which are across the board, will help it…

Major League Baseball Advanced Media, the digital arm of MLB, is dropping Microsoft’s Silverlight after a year, for a return to Adobe (NSDQ: ADBE) Flash beginning in 2009. MLBAM gave Silverlight a boost when it switched from Adobe Flash in 2007 as part of the media player’s launch. But MLBAM’s…

Last Friday, Reuters filed a story with the title: “Hole in Adobe (NSDQ: ADBE) software allows free movie downloads”. The allegation, backed up by famed security expert Bruce Schneier, was that the company had taken a shortcut to boost the speed of online movie streams from Amazon (NSDQ: AMZN), resulting…

Adobe (NSDQ: ADBE), the company behind the widely used Flash technology, reported revenue of $887 million for the quarter ended August 29, representing a 4.2 increase from $851.7 million in the year-ago quarter. Adjusted EPS grew 11 percent to $.50 per share, compared to $.45 a year ago. The top…

Adobe (NSDQ: ADBE), in a somewhat foolhardy quest to develop and establish its own media distribution creds, has now updated its Media Player with a new interface, and added full length movies from Sony (NYSE: SNE) Pictures…also added are new shows from CBS (NYSE: CBS), including episodes of Beverly Hills…

In a major step forward in search technology, Adobe (NSDQ: ADBE) is working with Google (NSDQ: GOOG) and Yahoo (NSDQ: YHOO) to make Flash files searchable in online search. The project will enable searches on Flash content to return text and links, which can then be indexed, and hence available…

Software maker Adobe (NSDQ: ADBE), a major beneficiary of online video, reported quarterly (its Q2) revenue of $886.9 million, a 19 percent increase from $745.6 million in the year-ago quarter. Net income soared 29 percent to $214.9 million ($.40 per share) from $152.5 million ($.25 per share). Non-GAAP EPS came…

Just this weekend it was reported that video network Veoh was out for a new round and here it is: The LA-based company has raised a $30 million round led by Intel (NSDQ: INTC) Capital, Adobe (NSDQ: ADBE) and investor Gordon Crawford. Past backers—Shelter Capital, Spark Capital, Goldman Sachs, Michael…

Fora.TV, a distributor of online video for a discerning audience, has raised a $4 million first round from Adobe (NSDQ: ADBE), William Randolph Hearst III (affiliated with Kleiner Perkins) and other unnamed investors, reports Beet.TV. The SF-based site previously said it had raised $2 million. Distribution partners include C-SPAN and…

—*NBCU* to offer original webisodes of its primetime shows: NBC Digital Entertainment will release original web content based on its existing primetime shows this July, Variety reports.. The webisodes, based on such TV shows as The Office, 30 Rock and Heroes, will be connected to the on-air content. Also in…

Adobe (NSDQ: ADBE) is taking a note from startups nipping at the edges of its core products, and has now launched a free version of its Photoshop picture editing software. Called Photoshop Express, the service is available directly through any browser though it will only work on Flash 9, so…

Adobe’s (NSDQ: ADBE) fiscal year ends Nov. 30, so its Q4 earnings are reported off-peak: The design software company, which is increasingly banking on web video and applications, announced revenue of $911 million, up 33 percent from last year’s $682.2 million. Net income grew 21 percent to $222.2 million ($.39/share)…

Yahoo (NSDQ: YHOO) is powering a new ad product for Adobe (NSDQ: ADBE) PDF, a beta service for publishers launching overnight. (It’s literally called “Ads for Adobe PDF Powered by Yahoo!”) The idea: offer publishers the chance to include contextual, text-based ads next to PDF-based content and give advertisers in…

A CEO switch with president and COO Shantanu Narayen succeeding Bruce Chizen Dec. 1. Narayen retains the title of president and will join the board of directors. Chizen, CEO for seven of the 14 years he was at Adobe, (NSDQ: ADBE) remains on the board until his current term ends…

Online video site Fora.tv has closed its first round of seed funding from backers Adobe (NSDQ: ADBE)  Systems and investor Will Hearst. As part of the funding, the amount of which was undisclosed in the release but we are told was just under $2 million,  FORA.tv is distributing its videos…