Digital Trends
According to Reuters, Google is now worth more than any other media company out there with a current stock market capitalization of more than $80 billion dollars.
Previous high-value companies include Time Warner which at one point was bought by AOL for $106 billion and Yahoo! which carries a current market value of $27 billion dollars.
“XM Satellite Radio is holding active discussions with wireless carriers about offering some form of its radio service on mobile phones, XM chief executive Hugh Panero said on Monday.
“We have conversations that are ongoing with the carriers about going into the wireless market,” XM CEO Hugh Panero told Reuters in an interview. “They are clearly looking for content to support their platform and we are a logical place for them”
Source: Reuters
“The association threatened to abandon the open standard and called for new, cheaper digital rights management (DRM) systems, although this could mean fragmentation that would prove frustrating for consumers.
The operators’ complaints follow similar grumbling by manufacturers of mobile phones and consumer electronics, who told Reuters in late February that a $1 royalty per mobile device was too high a price just to protect digital music and video against illegal copying.
They said they would not be able to recoup that amount with revenue from digital entertainment.
Read more at Yahoo! News
Source: Reuters
“TiVo’s decision comes as it looks to boost growth of its more-profitable “stand-alone” users
According to Reuters, in an interview with the Nihon Keizai Shimbun, Sony Chief Executive Nobuyuki Idei said it would use Cell to power its next-generation game console as well as a network television that will offer functions similar to a personal computer.
The Cell processor will be up to 10 times more powerful than conventional chips and able to shepherd large chunks of information through a high-speed Internet network.
Read the full story at Reuters.
“Our strategy is to get huge in DVDs and then expand into downloads,” Netflix Chief Executive Reed Hastings told Reuters on Friday. “When we get to 5 million or 10 million subscribers, eventually what we spend on postage becomes a prize for the movie studios.”
Money saved by sending movies directly to consumers’ homes via the Web could be plowed back into buying more DVD titles to meet customer orders.
Read the full story at Reuters.
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