MediaBytes - Friday October 3, 2008 - 1 Comment
Financial Bailout Aids Hollywood Producers: MediaBytes with Shelly Palmer October 3, 2008
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Watch Shelly’s commentary on the financial bailout and how Hollywood may benefit from the revised bill.
MICROSOFT is challenging GOOGLE’s search dominance by establishing three new search technology centers in Europe. Microsoft, who believes Europe is the key to cracking the $40 billion search-market, will set up shop in Paris, London and Munich. The development of new search-centers could mean that Redmond is completely over YAHOO, whom it had tried to acquire specifically to out search Google.
HEWLETT-PACKARD plans to released a smart phone aimed at consumers. The company, who currently has mobile devices aimed toward corporate clients, is hoping to crack the consumer smart phone market with a device that will run on MICROSOFT’s Windows Mobile operating system. The smart phone will debut in Europe this fall before worldwide rollout happens in 2009.
Today’s consulting question comes from Jeanette D., a musician from Chicago. Jeanette asks,
“How come the Copyright Royalty Board didn’t raise Mechanical Royalties?” Digital retailers wanted to float songwriter’s revenue as a function of wholesale pricing. Publishers wanted an increase. The CRB preserved the 9.1 cent per song mechanical royalty for physical and digital media and added an astounding 24 cent royalty for ring tones
Comments
One Response to “Financial Bailout Aids Hollywood Producers: MediaBytes with Shelly Palmer October 3, 2008”Buck McHugh October 3rd, 2008 6:20 pm
Basically this bill and a few cuts in the interest rate will at
best postpone a train wreck in the stock market. None the less, a
train wreck is coming regardless of this infusion of funds in the
short term. If panic sets in after the Fed runs out of ammunition
and can not cut rates any further then we will see a crash in the
stock market. If the stock market breaks down below 9500, we could
test 2003 levels all over again. We are talking Dow 7500. The other
negative effect of this bill is that it will cause more debt burden
on the tax payer and the Fed will print more money. This will in
turn cause hyper-inflation and the dollar will crash relative to
other major currencies like the euro and the yen. I am seriously
worried about an economic melt down and possibly a depression.
Comment by Buck McHugh former VP of Investments at A.G.Edwards and
graduate of Cambridge University’s Judge Institute of Management
Studies.