It seems that the rumors are indeed true, as they often are. This week The Walt Disney Company announced its purchase of animation powerhouse Pixar in a deal worth around $7.4 Billion. The all-share deal will make Steve Jobs, the chief executive of Apple who is also the largest shareholder in Pixar, around $3.5 Billion and the single largest shareholder in Disney. Jobs will now be a commanding presence in the film, entertainment, technology, computer and music industry through Apple's iTunes Music Store. He has ruled out becoming Disney's chairman in the future but has not turned down a board of directors position. more ›

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For all of you who missed episodes of LOST and Desperate Housewives due to a series of Adelphia Cable snafus in Los Angeles, fear not. The new version of iTunes now features downloadable TV episodes. Apple struck a deal with Disney-owned ABC ensuring the distribution of popular TV shows [exclusively through the iTunes Music Store] the day after they air on the network. Think of it as portable video-on-demand for PCs and Macs. The revamped music store works in concert with the brand new video-enabled iPod. Other notable product upgrades include the new iMac G5, which boasts a remote control device that further grows Apple's "digital hub" approach towards home computing. Additional Info:
• iTunes is available as a free download for Macs and PCs.
• Video downloads cost $1.99 (compared ot $0.99 for music).
• Other videos available now include: Night Stalker, That's So Raven and The Suite Life.
  

If you haven't heard of the amazing Regina Spektor, tonight and tomorrow night are your lucky, er, nights. more ›