Wall Street is once again fretting over Netflix.
Some analysts didn't know what to do with themselves on Tuesday when the share price of the Web's top movie rental service shot past their performance expectations. Sure, Netflix continues to return boffo earnings, but after the company's share price hit $70, some brokers took a hard look at Netflix's prospects for the future, according to a MarketWatch story by reporter Therese Poletti.
What the analysts found was a Web video-on-demand segment filling up fast with competitors. That apparently spooked analysts at Bank of America/Merrill Lynch, Susquehanna … Read more
The copyright fight being waged by Viacom against Google will move into a crucial stage on Friday.
According to documents filed in federal court on Thursday, both companies are expected to file motions for summary judgment--when a judge decides enough undisputed evidence exists for a ruling to be made without sending the case to trial.
In addition to Viacom and Google, a group of copyright owners that also sued Google for copyright infringement in 2007 is expected to file for summary judgment as well. What this means is that the time of taking depositions and exchanging documents is over. The … Read more
U.S. District Judge Marilyn Hall Patel has issued a permanent injunction that bars RealNetworks from selling RealDVD, the DVD-copying software that Hollywood claimed in a lawsuit violated copyright law.
Real and the Motion Picture Association of America reached a settlement, according to statements issued by both companies, that called for Real to stop selling RealDVD or any similar products and to pay $4.5 million to reimburse the studios for legal fees.
"We are gratified by the successful conclusion of this important matter," said Daniel Mandil, the MPAA's general counsel. "Judge Patel's rulings and … Read more
Apple's plans for cloud computing go beyond music.
The company's representatives have recently spoken with some of the major film studios about enabling iTunes users to store their content on the company's servers, two people familiar with the discussions told CNET. That's in addition to streaming television shows and music.
Apple has told the studios that under the plan, iTunes users will access video from various Internet-connected devices. Apple would, of course, prefer that users access video from the iPad, the company's upcoming tablet computer, the sources said. Apple spokesman Tom Neumayr said Apple doesn'… Read more
NEW YORK--Hans Pandeya, the Swedish businessman whose attempts to acquire The Pirate Bay last year collapsed amid controversy, is giving digital media another try.
Pandeya, who attended this week's Digital Music East Forum here, said Thursday he's busy creating a base in Boston for his U.S. operations. Asked whether he was still interested in The Pirate Bay, Pandeya said, "I have a lot of secret plans I'm working on."
As for why he was at a digital music conference, Pandeya would only say that his plans include digital media. Last year, Pandeya, CEO of … Read more
NEW YORK--YouTube has begun testing a new music feature designed to entice users to stay on the site longer.
YouTube Disco enables people to key an artist name or song title into a search field, and then it creates a playlist for them. Each clip will play automatically, one after the other, with no prompting from the user.
Users can also mix and match songs in their playlists. This is the kind of thing that people can fire up and let play for hours of free music listening. YouTube now sees hundreds of millions of visitors a month, but the … Read more
Netflix is cruising. The cable guys are catching on. Wal-Mart just rumbled in.
The Web's video-on-demand sector is filling up fast with some serious heavyweights. If Apple wants to make a mark in digital video that even vaguely resembles the one it made in music, perhaps the company should start treating Apple TV as more than just a "hobby." That's Apple's attitude toward the streaming-media device, said Chief Operating Officer Tim Cook, who spoke at a conference in San Francisco on Tuesday.
This doesn't seem to be a good time to toy with online … Read more
NEW YORK--It's hard to measure just how big a cultural force singer Lady Gaga has become, but start-up music-video site Vevo took a stab at it on Wednesday.
Ted Mico, executive vice president of digital for Interscope/Geffen, a music label owned by Universal Music Group, said at the Digital Music East conference that Lady Gaga's videos account for a quarter of Vevo's traffic.
Vevo was created by three of the largest record companies--Universal Music, Sony Music Entertainment, and EMI Music. Warner Music Group is in negotiations to join as well.
The service was the label partners' … Read more