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Gold/Mining/Energy : Signature Brands Ltd.: (SBX:TSE) SGNTF
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To: Lorraine R who wrote (89)4/12/1999 12:52:00 AM
From: Fred C. Dobbs  Read Replies (2) of 776
 
Now this is scarey. I guess I'm wrong. We do know CDs are overpriced, hopefully they'll become cheaper and we can still capitalze on SBX's venture.

newsalert.com

Internet users can already retrieve thousands of songs from Web sites for playback on their computers or
pocket-sized digital devices by using downloading formats, the best known of which is MP3. Record
companies oppose existing versions of these formats because they allow unauthorized copying of songs
for which no royalties are paid.

Alarmed that formats like MP3 could threaten profits of the $40 billion-a-year industry, music companies
have launched a Secure Digital Music Initiative to hammer out a secure format for Internet music.

IBM's effort so far has the backing of several major record labels, including BMG, EMI, Sony Music,
Universal Music, and Warner Music. The company plans to launch a pilot phase of EMMS for Web surfers
in San Diego in June.

Officials with RealNetworks, which has worked on its own secure music format, said the company was
throwing in its lot with IBM because it believed the industry giant was leading the online music pack.

"They are driving what the industry wants to see as far as security and setting up a rights clearing house,"
said Maria Cantwell, senior vice-president for consumer affairs and electronic commerce, told Reuters.
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