Sorenson Media , a developer of video compression and encoding software, said today that the firm has opened up a new, San Diego office which will serve as the firm's "central hub" for its business operations. Csathy was most recently at SightSpeed, which was acquired by Logitech last year, and has also served at Musicmatch, which was sold to Yahoo in 2004. According to the firm, the new office comes as the firm hired a new CEO, Peter Csathy. The firm said it is looking to "significantly expand" its San Diego location this year.

San Diego-based DivX said Thursday that it has filed a lawsuit against Yahoo! for breach of contract, after Yahoo notified the firm that it intends to breach its two-year advertising services agreement with DivX. DivX said that Yahoo has informed the firm that it will discontinue making payments required under an agreement with the firm. As a result of the change, DivX also said it has made a revision to its revenue and earnings estimate for the year, reducing its estimated revenue range from $90 to $92M, down from an estimate $95 to $97M. The lawsuit was filed in the

Further details on the deal between Yahoo and Microsoft have come out in a filing by Yahoo with the SEC, with Yahoo saying that Microsoft will hire at least 400 Yahoo employees, and potentially another 150 employees to help with the transition, as Microsoft takes over the search engine features of Yahoo's sites. Yahoo and Microsoft said last Wednesday that Yahoo will abandon its search engine development efforts, and instead use Microsoft's technology--including Microsoft adCenter. It's unclear if any of those employees involved in the deal would be located in Yahoo's Southern California locations, which include Burbank, San Diego, and Santa Monica.

San Diego-based DivX reported Wednesday that it has reached a settlement with Internet portal Yahoo!, DivX sued Yahoo in November of 2008, after Yahoo backed out of a deal to offer its toolbar to users who downloaded video software from DivX. READ MORE>> ...Tags: Tags: divx yahoo toolbar lawsuit legal contrac over a contract dispute concerning a cobranded Toolbar deal made between the firms in September of 2007. The firm said the settlement would boost its earnings by $0.29

San Diego-based VMIX is eyeing customers of Maven Networks, a provider of video hosting owned by Yahoo, saying Wednesday that it will help customers of Maven to migrate to VMIX. Yahoo said earlier this week that it would discontinue the services offered by Maven Networks, which it acquired back in February of 2008. Tags: vmix maven networks yahoo video hostin VMIX said it is offering to migrate hosting and delivery of media to former Maven Networks customers to VMIX, without any transfer or setup fees. VMIX offers its own white-label software for hosting

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Los Angeles-based NativeTung , a startup developing software for managing translation of web sites into multiple languages, is unveiling itself at the DEMOfall conference today in San Diego. The firm's founders come from Oracle, Yahoo!, According to NativeTung, it has developed a product which helps companies translate websites into other languages, and helps them to manage the entire translation process. and PeopleSoft.

San Diego-based Underground Elephant , a startup focused on the CPA-based, performance based advertising market, said today that it has opened up an office in Santa Monica. As part of the new office, the firm said it has hired Jennifer Horwood, who the firm worked previously at another ad network, and Derek Chew, previously at Pricegrabber.com and Yahoo. The firm said it is looking to tap the talent in the Los Angeles are in the affiliate ad network industry. Underground Elephant is headed by Jason Kulpa.

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Today's interview is with Peter Csathy, President and CEO of Sorenson Media (www.sorensonmedia.com), which recently relocated its executive offices to San Diego. Csathy told us about the firm's move of its exec offices from Salt Lake City, Utah, to San Diego, as well as its hiring and expansion plans. Csathy was the former CEO of SightSpeed, which he sold to Logitech last year, and also served as COO of What is Sorenson Media about? Peter Peter Csathy: Sorenson Media has been around for several years.