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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology
EDIG 0.00010000.0%Mar 20 5:00 PM EST

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To: Starlight who wrote (2297)2/10/1999 12:19:00 AM
From: chris431  Read Replies (2) of 18366
 
I believe MP3 is patented by 2 people from Germany. Given the nature of the internet, I doubt we'll ever really know where the "internet music" originated. MP3.com is now partnering with Diamond but that may not last since Diamond recently introduced its Rioport.com site that is to be an equivalent.

diamondmm.com

Just curious how the purchase is being done for MP3.com. IMHO, it's a good example of frothy deals when you have a bull market such as the one we've been in. The fact that Diamond skirted such action as buying mp3.com and alternatively creating their own site is demonstrative.

Of course artists will tell you they love as much control over their product as possible. But when you get to the heart of the issue, everyone has a price and artists have repeatedly demonstrated that they will give up control in order to receive a bigger paycheck (otherwise, the record companies would be starving for acts since none would sign up). Furthermore, a recording artist would rather have 6% of the profit on sales of 250,000 albums than they would 50% on the sale of 10,000 albums. The bottom line is what is important.

Artists actions speak much louder than their words....

Name 15 of the music groups offered at his site w/out browsing the site. Or, find a good song on their that you enjoy equivalently to a song you heard on the radio and enjoy. Then compare how much time you spent on finding each. Ah, shucks....were back to the information problem (actually it's technically referred to as a "transaction cost".)

This MP3 hype is almost worse than the .com stock hype.

Chris

P.S. Has anyone else noticed that "internet" is not in SI's dictionary? Pretty ironic.
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