What you need to know - 9/26/2011

Ane Howard · September 26, 2011 · Short URL: https://vator.tv/n/1f78

Lion King beats out Brad Pitt's Moneyball; Groupon restates; Netflix and Dreamworks cozy up

A Pew Research Center’s Internet & American Life Project report released Monday revealed that TV is still the news outlet of choice to obtain its news but that the Web wins for those under 40.

Samsung Galaxy S sells 10 millions worldwide since its launch in April 2011. It is now the most popular Android phone on the market but still trailing behind its archrival,Apple's iPhone who has sold 108 million iPhones.

Groupon submitted a restatement to its initial filing to go public that said it would change what it counts as revenue from gross to net—effectively cutting reported revenue in half.

Facebook's new privacy settings aren't offering much privacy. Users may login but may not log out without a song and a dance. Even if you are logged out, Facebook still knows and can track every page you visit.

Depending on the apps and settings you use, it might be possible that what you read and see may appear on Faceboo. This might happen evening without you doing antying, like hitting a "like" button.

Bonus fun tidbit:

The 1994 re-released 3-D version of the "Lion King' keeps its crown and beats out all the movies at this weekend's box office, including including the baseball drama "Moneyball," starring Brad Pitt as iconoclast Billy Bean.

Walt Disney’s “The Lion King” reissue was No. 1 for the second-straight weekend with $22.1 million in box-office sales. Son Pictures' "Moneyball” opened at No. 2 with $20.6 million.

Tumblr, a New York-based free microblogging website, announced Monday morning that it’s secured an $85 million round of financing from Greylock Partners and Insight Venture Partners.The Virgin Group’s chief Richard Branson, Spark Capital and Sequoia Capital, also contributed to the round.

Netflix announces deal with DreamWorks. The deal, announced Monday, by both companies, makes Netflix the exclusive subscription streaming provider of DreamWorks’ major award-winning titles.

Seamless announces on Monday that it has acquired MenuPages in an effort to grab at the online food ordering market for an undisclosed amount. GrubHub is its main rival.