Zediva is nuked, Hollywood rejoices

A federal court has issued a preliminary injunction against Zediva, essentially ordering a shutdown of its streaming-DVD-rental service. The decision comes less than six months after the launch of the service, which aimed to avoid licensing fees by renting and streaming DVDs over the Internet.…

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Movieclips raises another $6 million

Movieclips.com confirmed that it has raised an additional $6 million in venture funding. While its founders declined to discuss what the funding is for or who was part of the most recent investment, they said a big announcement was in the works.…

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