Saturday, September 26, 2009

Twitter major cash boost


Social networking website Twitter has confirmed that it has closed a "significant round of funding". Co-founder Evan Williams said in a blog post that the site had secured money from five investment firms. However, he did not confirm earlier reports that suggested the firm had managed to secure $100 million (£62m), which would value the firm at $1bn. The site, which allows users to write and share 140-character messages, has more than 45 million users worldwide.

The site had previously raised $35m in February in a deal that valued the business then at $255m. "It was important to us that we find investment partners who share our vision for building a company of enduring value," wrote Mr. Williams. "Twitter's journey has just begun." Industry watchers have pointed out that the firm still has no way of making money. However, earlier this month the site revised its terms and conditions to allow advertising on its service. "We leave the door open for advertising. We'd like to keep our options open," wrote co-founder Biz Stone in a blog. The new funding has come from new investors Insight Venture Partners and T Rowe Price, as well as existing backers Institutional Venture Partners, Spark Capital and Benchmark Capital.

Wednesday, September 23, 2009

Zeta-Jones to make Broadway debut


Actress Catherine Zeta-Jones is to make her Broadway debut in a revival of Stephen Sondheim's A Little Night Music, it has been announced. The Welsh Oscar-winner will play Desiree Armfeldt, who sings the show-stopping ballad Send in the Clowns. Veteran star Angela Lansbury will also star as the terse Madame Armfeldt in the musical, set in a Swedish country house at the turn of the century. It opens on 13 December at New York's Walter Kerr Theater.

The production, inspired by the Ingmar Bergman film Smiles of a Summer Night, is a transfer from British director Trevor Nunn's recent staging in London. "I'm honored that Trevor Nunn and Stephen Sondheim asked me to make my Broadway debut in this beautiful production," Zeta-Jones said. "I look forward to starting rehearsal with this extraordinary group of people and working with the incomparable Angela Lansbury." The actress won an Oscar in 2006 for her supporting role as Velma Kelly in the screen adaptation of the musical Chicago. A Little Night Music first opened on Broadway in 1973 and has since won six Tony awards.

Tuesday, September 22, 2009

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