Oculus debuts consumer version of VR headset, partners with Xbox

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Oculus, the virtual reality company owned by Facebook Inc, debuted the much anticipated consumer version of its headset on Thursday and announced a partnership with Microsoft Corp's Xbox One gaming console. A prototype of the Oculus Rift has been available to developers since 2013, but Thursday marked the first time anyone had seen the consumer version, which will be available for pre-order later this year and will start shipping in early 2016

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China’s ‘Internet police’ open a window on Web censorship

The branch of China's police in charge of censoring “illegal and harmful” online information will make its efforts more visible to the public from Monday with the launch of their own social media accounts, the Ministry of Public Security said. The Chinese government aggressively censors the Internet, blocking many sites it deems could challenge the rule of the Communist Party or threaten stability, including popular Western sites like YouTube, Instagram and Facebook, as well as Google Inc's main search engine and Gmail service

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Periscope, media companies talking about anti-piracy tech

By Yasmeen Abutaleb and Jennifer Saba RANCHOS PALOS VERDES, Calif./NEW YORK (Reuters) – Live streaming-video app Periscope and media companies are discussing how to address piracy on the new service, but Periscope says technological fixes many programmers want are difficult to do in real time.

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Charter-Time Warner Cable deal could spawn an online video service

By Malathi Nayak NEW YORK (Reuters) – Charter Communications Inc executives are exploring whether to launch an online video service as part of its combination with larger rival Time Warner Cable Inc, in what would be an unprecedented move in the cable industry. The $56 billion takeover announced on Tuesday would make Charter the No.

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NSA chief urges ‘safe’ Internet under equivalent of Law of the Sea

By Eric Auchard and David Mardiste TALLINN (Reuters) – The U.S. National Security Agency chief called on Wednesday for an “open, reliable and safe” Internet governed by international rules akin to the Law of the Sea, while deflecting critics who say NSA spying has undermined public trust in the cyberworld.

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Pandora to appeal court ruling that gives BMI higher royalties

(Reuters) – Internet radio service Pandora Media Inc said it will appeal a rate court ruling that could force the company to pay higher royalties to Broadcast Music Inc (BMI) for music licenses. BMI said on Thursday the New York Rate Court ruled in its favor and agreed that the royalty rate of 2.5 percent of revenue was “reasonable, and indeed at the low end of the range of fees of recent licenses.” Pandora said in an emailed statement the ruling could increase its content costs as a percentage of revenue by 80 basis points. The latest court decision comes close on the heels of a court ruling in favor of Pandora last week, rejecting an effort by the American Society of Composers, Authors and Publishers (ASCAP) to charge Pandora more to license its music from 2013 to 2015.

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CITIC Securities’ teams up with China Renaissance to serve Internet firms

CITIC Securities Co Ltd, China’s biggest brokerage, will partner with boutique investment bank China Renaissance to provide M&A, restructuring and initial public offering-related services for Internet companies. Well-connected local firms like China Renaissance are seeing a boom as entrepreneur-driven private businesses, particularly in the technology sector, overtake state-owned companies to drive investment banking revenues in China.

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