Google searching for digital music model as industry crumbles

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It’s the $20 billion question: What is to be done about the recording industry? Since it appears that the players inside that industry do not know how to save themselves from implosion, outsiders are looking to chart a new course toward sustainability and profitability.

Now, Google (GOOG) is marshaling its massive presence in Web search to deliver music results, in yet another foray into an area beyond its core search ad competency. Called OneBox, the service delivers links to snippets of songs at the top of the search results pages based on a query. It’s a flashy announcement — but reserve judgment on its lasting impact until we see what effect it has on the crippled industry. And if you’re looking for a silver bullet, this isn’t it.

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Google searching for digital music model as industry crumbles originally appeared on DailyFinance on Thu, 29 Oct 2009 18:30:00 EST. Please see our terms for use of feeds.

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Comcast suit over FCC’s ‘net neutrality’ smackdown heats up

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There’s been a lot of talk recently about the Federal Communications Commission’s newly proposed broadband rules. But one little matter seems to have been lost in the hubbub: the pending litigation between Comcast (CMCSA), the nation’s largest cable company, and the FCC over the commission’s decision last year to sanction the cable giant for violating net neutrality. That’s the principle that broadband companies shouldn’t block any content on their networks in favor of their own offerings.

But Monday, attention returned to the case, as several pro-net neutrality groups and academics filed amicus briefs supporting the FCC’s ruling that Comcast violated net neutrality by interfering with Bit Torrent file-sharing traffic on its network. Bit Torrent, of course, is a peer-to-peer file sharing service that lets users swap files — including MP3 songs — much to the irritation of the recording industry. Comcast had appealed last year, arguing that the commission lacked the authority to enforce the federal policies.

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Comcast suit over FCC’s ‘net neutrality’ smackdown heats up originally appeared on DailyFinance on Mon, 05 Oct 2009 21:30:00 EST. Please see our terms for use of feeds.

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Madonna returns to YouTube in Warner Music web video pact

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After nine months of wrangling, Warner Music Group (WMG) has finally agreed to allow its content back on YouTube, becoming the last of the four major record companies to strike a deal with the site. The move means Google’s vast video library will now feature original videos by Madonna, R.E.M. and other popular artists.

The agreement marks an end to hostilities between the recording industry and YouTube, which has drawn fire from media companies over copyright infringement ever since Google bought it for $1.65 billion in 2006. The deal also represents something of a vindication for YouTube, a company critics have said could never go legit, let alone make money for Google.

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Madonna returns to YouTube in Warner Music web video pact originally appeared on DailyFinance on Tue, 29 Sep 2009 19:20:00 EST. Please see our terms for use of feeds.

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Wll eBay’s new investors escape the Kazaa curse?

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The real question that I haven’t seen answered in any of the articles relating to the partial acquisition of Skype from eBay (EBAY) by a team of private investors is, who will own the underlying IP that runs the Skype P2P communications network? That question must somehow have been answered if savvy investors such as Silver Lake Partners and Netscape founder Marc Andreesen’s investment fund, felt comfortable forking over $1.9 billion to eBay. And as TechCrunch’s Mike Arrington points out, eBay did okay on this deal, emerging with a paper gain and still some share of any potential upside.

Under the covers, question still lurk, The two controversial Skype founders, Niklas Zennstrom and Janus Friis, are embroiled in a bitter legal dispute with eBay, which originally purchased the company from the duo for $2.6 billion. Friis and Zennstrom, who once avoided U.S. soil to avoid litigation with the recording industry, claim that eBay does not own the software the powers the Skype network. Rather, they say that the software IP is merely licensed to eBay by Joltid, an entity the duo still controls. eBay’s CEO John Donohoe said today that the new Skype deal does not resolve the legal dispute, according to Dow Jones.

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Wll eBay’s new investors escape the Kazaa curse? originally appeared on DailyFinance on Tue, 01 Sep 2009 18:45:00 EST. Please see our terms for use of feeds.

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Geron’s first-mover disadvantage: first-ever human stem cell study held up

It’s not easy being first. Biotech company Geron (GERN) had to wait more than a year before getting the green light from federal regulators in January to begin the first study using human embryonic stem cell-based therapies in humans. The early-stage trial is looking at the safety of its drug GRNOPC1, which is designed to treat patients with spinal cord injuries.

Now the company, which is in the spotlight because of the groundbreaking nature of the treatment, has hit another speed bump after the U.S. Food and Drug Administration put the study on hold in August. The reason? Animals injected with the experimental drug candidate developed microscopic cysts.

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Geron’s first-mover disadvantage: first-ever human stem cell study held up originally appeared on DailyFinance on Tue, 01 Sep 2009 18:20:00 EST. Please see our terms for use of feeds.

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