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Posted in IPTV, Music, News on December 7th, 2007. By Eduard F. Vinyamata.
Internet Video Producers: Have a Plan
TVWeek downplays the ability for independent producers to come online and make money with their independent online ventures. That’s understandable. I won’t ascribe to them an unspoken bias against New Media, since only the absolutely most informed Web 2.0 denizen is probably aware of exactly all the monetization opportunities out there. None the less, it is a bit annoying to continue to see the analogy of independent online video producers to “the old Hollywood dream of being discovered.”
Warner Music Group: Going the Way of the Dodo
While piracy groups have been recently taking repeated kicks to the keister, it also seems that the major record labels are also finally learning first hand that they may have missed the boat on this whole “series of tubes” thing.
Warner Music Group CEO Edgar Bronfman, Jr. led the earnings call this morning showcasing the “music-based content company’s” extremely meager profits (profits, by the way, that wouldn’t exist if they hadn’t won a settlement from the old Napster lawsuit). Warner was only able to bring in a profit by a scant $5 million on a total revenue of $869 million. The cause of the gap is obvious: Warner hasn’t adapted well to online music sales.
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