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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?


To: Gottfried who wrote (5479)2/8/1999 1:34:00 PM
From: appro  Respond to of 9256
 
IBM & Music Industry present MP3 alternative for music downloads >>>>>>>>>>>>
(REUTERS) FOCUS-IBM unveils Internet music delivery system
FOCUS-IBM unveils Internet music delivery system

(Adds details in 4th paragraph on number of albums available
and quote in 5th and 7th paragraph, stock quotes)
NEW YORK, Feb 8 (Reuters) - International Business
Machines Corp. <IBM.N>, in an alliance with five large music
companies, on Monday unveiled a system to allow home computer
users to download music and make secure royalty payments to
record companies via the World Wide Web.
The music companies in the deal -- Seagram Co. Ltd's
<VO.TO> Universal Music, EMI Group Plc's <EMI.L> EMI,
Bertelsmann AG's <BTGGg.F> BMG, Sony Corp.'s <6758.T> Sony
Music Entertainment, and Time Warner Inc.'s <TWX.N> Warner
Music -- will make a large selection of music available when
the pilot product is unveiled later this year, an IBM
spokeswoman said.
Initially the trial will be limited to users with broadband
cable modem delivery. Users will be able to download a
complete CD-quality album to a computer hard drive, then
transfer the music to their own compact discs, the IBM
spokeswoman said.
Over 2,000 albums will be available for download during the
trial, which will start in the spring and last for more than
six months involving 1,000 cable subscribers in San Diego.
"Not only will this system allow consumers to purchase
popular and current recordings, but it will also open the door
to catalog and hard-to-find recordings rarely available through
existing retail outlets," Larry Kenswil, head of e-commerce at
Universal Music Group, said in a statement.
The system is an attempt to combat popular products that
copy music over the Internet, but often bypass making royalty
payments.
"Consumers, artists, technology companies, consumer
electronics companies and music companies will all benefit if
approaches to digitally delivered music are both interoperable
and secure," said Kevin Conroy, senior vice president of
marketing at BMG Entertainment.
The system, formerly code-named "Madison," is the recording
industry's first non-litigious response to its competitors,
primarily Diamond Multimedia Systems Inc.
In October, the Recording Industry Association of America
sued Diamond alleging its product, called the Rio PMP300,
violates the 1992 Audio Home Recording Act because it allows
music to be replayed without paying artist royalties.
York Stock Exchange trading at midday.
((-- Franklin Paul, New York Newsroom, 212-859-1700))
REUTERS
*** end of story *** biz.yahoo.com
<<<<<<<<<<<<<<<<

Summary re the free PC: >>The company will spend $500 on each computer it gives away, but it expects to make that money back -- along with a considerable profit -- by selling targeted ads that will run along the side of the computer screen.<< What'll they think of next? Maybe Girl Scouts will sell PC's door to door with the cookies. Better yet, Buy Windows2000 and get a new PC free.
www2.free-pc.com



To: Gottfried who wrote (5479)2/8/1999 7:33:00 PM
From: Frodo Baxter  Respond to of 9256
 
I trust we all went to www.free-pc.com and put our name in the lottery? (Gee, this is so fun, it's like trying to get an allocation with an Internet IPO)

Of course, I know if any of us are selected, the first thing we'd do is pretty obvious...

format c: