In This Update:

• Veoh Wins Copyright Infringement Lawsuit
• iPhone Security Flaw Exposes Private Data
• Microsoft’s IE8 Beta 2 Emphasizes Privacy
• Jaiku Releases New Microblogging Tool for Nokia S60
• Aaron Sorkin to Pen Facebook Film
• More Artists Steer Clear of iTunes
• Oracle Decides on Epstein for Chief Financial Officer
• ESPN Helps The Active Network Raise $80 Million More
• SpeedDate Raises $6 Million for Matchmaking in a Hurry
• StudioNow Raises $2 Million for Professional-Quality Video Service

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Veoh Wins Copyright Infringement Lawsuit
PAIDCONTENT
A federal judge in San Jose ruled today that video-sharing site Veoh was not liable for copyrighted material uploaded to its site, dismissing an early 2006 case filed against it by Io Group, an adult video firm. The site pleaded its defense under the “safe harbor” provisions of DMCA copyright law, which meant it could be safe as long as it removed the infringing video when alerted by the copyright holder, which the judge said that Veoh was doing.
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iPhone Security Flaw Exposes Private Data
NEW YORK TIMES
A security flaw in Apple Inc’s iPhone allows unauthorized users to gain easy access to private contacts and e-mails even when the device is locked, but the company said a fix is on the way.
Popular technology blog Gizmodo and an online forum run by the Mac Rumors site showed that it took only three taps to gain access to locked iPhones, which run the latest 2.02 iPhone software.
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Microsoft’s IE8 Beta 2 Emphasizes Privacy
REUTERS
Microsoft Corp released on Wednesday a second test version of Internet Explorer 8, delivering a feature-complete upgrade to the world’s most widely used Web browser. The world’s largest software maker said the latest version — beta 2 — of Internet Explorer, which has a market share of about 75 percent, comes with new features to enhance privacy, ease-of-use, and security.
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Jaiku Releases New Microblogging Tool for Nokia S60
MASHABLE
Jaiku , the other Twitter, has released a new application for the Nokia Series 60 Smart phones, letting users enjoy real-time Jaiku conversations on their mobile phones. Your conversation threads won’t miss a beat, because as long as your phone is on, Jaiku is running. Nokia and Jaiku seem to have a really good thing going. Several of Jaiku’s updates have been optimized for Nokia phones, though Jaiku has also been optimized for the iPhone.
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Aaron Sorkin to Pen Facebook Film
THE HUFFINGTON POST
Aaron Sorkin is about to get a whole lot of friends on Facebook. Sorkin, one of the town’s biggest writers and show creators, is in negotiations to write an untitled film project about the founders of the popular social networking site that Scott Rudin will produce for Columbia. Sorkin also asked the Facebook public for any stories relating to the site.
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More Artists Steer Clear of iTunes
WALL STREET JOURNAL
ITunes has been the runaway hit of the music business, selling more than five billion song downloads since it started five years ago. But a growing number of record companies are trying to steer clear of Apple Inc.’s behemoth music store, because they say selling single songs on iTunes in some cases is crimping overall music sales.
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Oracle Decides on Epstein for Chief Financial Officer
WALL STREET JOURNAL
Oracle Corp. said it has recruited Jeff Epstein to serve as chief financial officer of the software company. Mr. Epstein, who will also become an executive vice president, assumes a title that has been held since November 2005 by Safra Catz, Oracle’s co-president. He will report to Ms. Catz.
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ESPN Helps The Active Network Raise $80 Million More
TECHCRUNCH
The Active Network , a network of sites focused on getting people involved in sports and other activities, has raised an additional $80 million in a Series F round led by ESPN and joined by Canaan Partners , North Bridge Venture Partners , and Performance Equity Partners .
The round brings San Diego-based company’s total to over $275 million since its founding in 1998 as a registration site for endurance races.
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SpeedDate Raises $6 Million for Matchmaking in a Hurry
TECHCRUNCH
Online dating site SpeedDate has raised $6 million in a Series B funding round led by Menlo Ventures. SpeedDate offers users a series of 3 minute mini-dates, during which they can converse through video, audio, and a chat box. If both partners decide they were a good match when prompted at the end of the date, they can continue communicating through the site until they make the jump to real life.
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StudioNow Raises $2 Million for Professional-Quality Video Service
VENTUREBEAT
StudioNow has raised $2 million as part of a first round of funding to finance its online site for creating professional-quality videos at inexpensive prices.The money came from existing investors and Clayton Associates, a Franklin, Tenn.-based private equity firm. The investment now brings the total first round investment to $4.1 million.Clayton Associates’ additional capital infusion in StudioNow brings the total Series A investment in the company to $4.1 million.
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