Vid-Biz: quarterlife, Raindance.TV, TurnHere

Ben Silverman: quarterlife a “Disappointment;” co-chairman of NBC Entertainment and NBC Universal Television Studio says the show didn’t even do half of what he expected it to do. (TVWeek)

Raindance.TV Secures $1 Million; first round for the UK new media film distributor. (Variety)

TurnHere Releases Real Estate Video Product; for its Deluxe Snapshot Video, company will assemble professionals to shoot, edit and produce video of a home for sale. (release)

Wavexpress Incorporates YuMe’s Ad Platform; ad service will be integrated with Wavexpress’ TVTonic free Internet TV service. (release)

Court Throws Out “Wardrobe Malfunction” Fine; appeals court says the FCC acted “acted arbitrarily and capriciously” with its $550,000 fine against CBS for the infamous Janet Jackson Super Bowl incident. (The New York Times)

SMPTE Establishing Standard for 3-D Entertainment in the Home; engineering society working to set a standard for the emerging technology. (release)