Former Bebo CEO Joanna Shields and Shine Group Chairman and CEO Elisabeth Murdoch have formed a content start-up to produce across media platforms, both online and offline, with a focus on social engagement, according to sources.

The new venture, which does not have a name, is being financially backed by both Shine and Shields.

Based in London, it will invest, develop and partner to create a variety of content offerings that also incorporate interactive and social networking elements.

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In an interesting and innovative move compared to what has typically been less-than-hip online programming over the years, Microsoft’s MSN service is debuting a slick new celebrity site called Wonderwall today–created, designed and produced by a Hollywood company run by former Yahoo media chief and well-known television exec Lloyd Braun.

Using an unusual horizontal design with a scrolling “wall,” a plethora of pictures and a deeply visual sensibility, it’s definitely a laudable risk for Microsoft, as the company seeks to continue to push itself into the online content business, despite a lackluster record.

But will this time be wonderful?

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There it was again–like the gnarly ghost of Christmas past–in the Los Angeles Times this week. But this time Lloyd Braun wasn’t going to take it anymore. The object of his ire was dropped right in the middle of a blog post about how Yahoo was “reversing its Hollywoodification” at its Santa Monica media unit offices. The piece also included old allegations from a devastating story in November of 2005 about Braun, which made him look like a digital version of Ari Gold from “Entourage.” Unfortunately, as BoomTown has found out, the bulk of those juicy anecdotes about him don’t actually check out. And therein lies a complex tale that still reverberates at Yahoo today.

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Lloyd Braun–the former Hollywood super-programmer turned Yahoo entertainment czar turned Hollywood and online programmer–has signed a multimillion-dollar deal to make an original destination site for Microsoft’s MSN portal, aimed at aggregating celebrity, entertainment and pop culture news, according to several sources.

At the same time, Braun also inked a deal with Yahoo to create a daily online report of “weird news.”

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How could I not post this beauty from the folks at JibJab Media, in which Walt Mossberg and I get to smack Microsoft’s Steve Ballmer and Bill Gates, as well as Apple’s Steve Jobs more painfully, with snowballs?
The video card is part of a recent deal the online video creators just inked with BermanBraun Media–an [...]

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Is there a trend in my post yesterday about the deal former Hollywood execs Lloyd Braun and Gail Berman struck with Pepsi to make original online content that the entertainment and marketing arm of the beverage giant will have a chance to fund and sponsor?

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Former Yahoo executive Lloyd Braun and his partner Gail Berman, a former Paramount executive, have struck an online deal with Pepsi, under which the entertainment and marketing arm of the beverage giant will be a “first-look” and have a chance to fund and sponsor original online content the pair produces.

That Hollywood term refers to giving [...]

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