Shivaune Field

Tesla Repays Department of Energy Loan Nine Years Early

teslamotors.com — May 22, 2013 PALO ALTO, Calif.-- Tesla Motors announced that it has paid off the entire loan awarded to the company by the Department of Energy in 2010. In addition to payments made in 2012 and Q1 2013, today’s wire of almost half a billion dollars ($451.8M) repays the full loan facility with interest.

Video-on-Demand Viewing Is Gaining Popularity

nytimes.com — While companies weigh bids for Hulu and industry heavyweights complain that TV Everywhere isn't going much of anywhere, another way to watch time-shifted television is quietly gaining traction: video-on-demand, or VOD. Glittery, those three letters are not. VOD rarely gets media attention, partly because of past missteps by cable and satellite providers.

Pinterest movie tickets: Studios eye social media

variety.com — Retailers are buzzing over Pinterest's ability to boost sales for their businesses. But Hollywood's remained mostly silent about its potential to fill movie theater seats. For now. SEE MORE: From the May 20, 2013 issue of Variety As studios step up their social media activity, movie marketers are considering ways to turn posters or the promotional stills of their films that appear on online pinboards into ticket sales.

Tumblr’s 26-Year-Old Founder Celebrates $1.1 Billion Deal

bloomberg.com — Tumblr Inc. Chief Executive Officer David Karp, a 26-year-old who started the company in 2007, signed a note announcing Yahoo! Inc. (YHOO) 's $1.1 billion acquisition with the salutation, "F--- yeah." Karp, a high school dropout, said in a blog post today that he was "elated" to sell Tumblr, while stressing that the New York-based blogging service wouldn't be changing under its new owner's influence.

‘Star Trek’ Sequel Is Top Weekend Film With $70.6 Million

bloomberg.com — "Star Trek Into Darkness," the second film in J.J. Abrams reboot of the venerable film franchise, was the top movie at U.S. and Canadian theaters this weekend, taking in $70.6 million for Paramount Pictures. "Iron Man 3" dropped to second place with sales of $35.2 million, after two weeks in the top spot, Hollywood.com Box-Office said today in a statement.

‘Star Trek’ $112 Million Open to Put Summer in Warp Drive

bloomberg.com — " Star Trek Into Darkness," the second installment in director J.J. Abrams 's reboot of the science-fiction series, is forecast to take in $112 million in its debut, boosted by an early start in theaters this weekend. The film, from Viacom Inc. (VIAB)'s Paramount Pictures, opened yesterday in U.S.

TV Manufacturers Need to Do More to Improve Smart TV

variety.com — Warning: Deciphering the latest intelligence on Smart TV will make your head hurt. SEE MORE: From the May 14, 2013 issue of Variety First, what seems like good news: TDG Research reported last week that the penetration of TV sets that connect to the Internet doubled over the past year in U.S.