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Entertainment industry
by Marc on October 16, 2006
That depends of the size of the trees.
The economic value of music copyrights has come to the forefront with the Google acquisition of YouTube. Now Hollywood is not just picking on tiny firms, but battling the big boys.
Time Warner CEO Dick Parsons warned "You can assume we're in negotiations with YouTube and that those negotiations will be kicked up to the Google level in the hope that we can get to some acceptable position."
But what is acceptable? Is it a share of the income directly generated from the use of such copyrighted content (fractions of a penny per play) or a share based on a purchased download price of $1 per song and $20 per movie?
In the case of P2P there was no negotiation. With viral videos Warner Music and a few but not all of the labels said they would share in the ad revenues generated. But Parson's statement indicates they're reassessing that plan now that a rich daddy is around.
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Response from:
Digital Music - The Future
Entertainment business attorney and consultant Bob Lefsetz thinks so. He credits Edgar Bronfman, Jr. with breaking the hard music party line on licensing and starting the YouTube deals (Warner Music Greenlights Viral Video) that provide licensing in ex...
Response from:
Digital Music - The Future
While Time Warner threatened it, Universal did it. And sued. The target though wasn't GoogleTube, but rather video sharing sites Grouper and Bolt.com. Grouper was recently acquired by Sony. So Universal is suing one of its fellow major recording la...
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