Microsoft Corp. on Tuesday named former CBS Corp. executive Nancy Tellem to oversee the launch of a studio that will develop new entertainment content for the Xbox console.
Tellem joined Microsoft as president of entertainment and digital media, a new position. She reports to Phil Spencer, corporate vice president of Microsoft Studios.
Tellem will oversee the launch of a production studio in Los Angeles that will develop content for Xbox and other devices. She will lead Microsoft’s efforts to expand Xbox’s nongaming applications, including its use as a console for watching television and movies and listening to music.
Microsoft on Tuesday also said it is increasing its quarterly dividend by 15 percent.
The Redmond, Wash.-based software company said Tuesday that it will pay a dividend of 23 cents on Dec. 13 to shareholders of record as of Nov. 15.
That is up from its prior-quarter dividend of 20 cents.
Meanwhile, the German government agency overseeing IT safety is warning of a security breach in Microsoft’s Internet Explorer and recommending people use other browsers until the problem is fixed.
The browser’s “weak point is already being used for targeted attacks,” the Federal Office for Information Security warned, adding that the code behind the attack is freely available online and might therefore spread rapidly.
A spokesman for Microsoft said Tuesday the company is aware of the issue and is working on soon rolling out a software update, a so-called patch, to fix the browser’s security features.
“This is not a massive problem. There have been only a small number of targeted attacks,” said spokesman Thomas Baumgaertner. He could not provide a figure of the number of attacks recorded so far.The Associated Press