medianet

Diller on tech bubble: 'We're puffing it up pretty nicely'

AUSTIN, Texas--Is there a little bit of madness to the sky-high tech company valuations that are all over the place right now? Yes, says IAC founder and former entertainment mogul Barry Diller, who gave a talk at the South by Southwest Interactive Festival (SXSW) this morning to provide a bit of blunt, curmudgeonly insight for a conference best-known as a hub of the young, wide-eyed, and exuberant.

It was one of Diller's first high-profile appearances since he stepped down as the CEO of IAC in December; he remains chairman.

So is there a tech bubble, as evidenced by the … Read more

MediaNet could power the online music revolution

I had a fascinating conversation with MediaNet CEO Alan McGlade on Friday morning. Unless you're deeply involved in online music, you probably don't know MediaNet, but it's the back end powering a lot of music services you might have used, including MOG's subscription service that launched earlier this week, as well as Microsoft's excellent Zune Pass subscription service and iLike's online music marketplace. (MySpace acquired iLike in August, and in November, links to iLike's service began appearing directly in music-related search results on Google.)

They've also got more history in online music … Read more

DRM deathwatch, continued: Universal

Universal Music Group, the largest of the four big music labels, has become the second major to offer DRM-free MP3 downloads.

EMI was first to take the plunge, selling DRM-free files first on Apple's iTunes (in the AAC audio format) and later offering MP3s through a variety of other services via a deal with MediaNet.

Unlike EMI, the Universal deal is only a five-month trial, and the company hasn't announced any such deal with Apple--not surprising, given the two companies' recent history. In fact, nobody should see this as an act of kindness on Universal's part. Rather, … Read more

DRM deathwatch

[This entry has been revised: I didn't read the MediaNet release carefully enough...they are offering DRM-less MP3s, not WMA files. Apologies to anybody whom I misled. My bad.]

Back in May, EMI--one of the big four record labels--agreed to sell its songs through Apple's iTunes without digital rights management (DRM) protection.

Before this move, iTunes and the iPod were technically linked: if you bought a song from iTunes, you could only play it on an iPod (unless you burned it to CD then re-ripped it into an unprotected format). Offering DRM-less downloads severed this link, allowing … Read more