Transcript

Thursday May 1, 2008

Google CEO Reveals Google Weakness And YouTube Plan

In a CNBC TV interview, Google CEO Eric Schmidt sat down to discuss one of Google’s shortcomings and revealed information that sent Google shares up as high as almost $587, an increase of $26, shortly after portions of the interview was broadcast. Schmidt revealed that Google has yet to figure out how to monetize its video sharing site YouTube since it was acquired 18 months ago for $1.65 billion. In order to tackle the issue, Schmidt said Google plans to introduce new products this year that will be aimed at generating advertising revenue with a participative and creative approach, adding he couldn’t discuss specifics, but that the new approach would go beyond the basic in line ads currently supported by YouTube. Figuring out how to make money on YouTube will be Google’s highest priority for 2008, according to Schmidt.

http://www.reuters.com/article/technologyNews/idUSN3052022220080430
http://www.cnbc.com/id/24387350/site/14081545
http://www.informationweek.com/blog/main/archives/2008/04/google_admits_m.html
http://www.readwriteweb.com/archives/youtube_post-tv.php
http://www.alleyinsider.com/2008/4/eric_schmidt_secret_youtube_ad_plan_coming_goog_
http://www.news.com/8301-10784_3-9932778-7.html?tag=nefd.top

Judge Makes Yahoo, AOL and RealNetworks Pay Net Music Royalties

A federal court on Wednesday established a formula for determining the Internet royalties owed to thousands of music composers, writers and publishers belonging to the American Society of Composers, Authors and Publishers trade group. Three major online services, including Yahoo, AOL and RealNetworks, which used musical work made by ASCAP members to drive traffic and increase revenue, could owe as much as $100 million in payments covering a seven-year period ending in 2009. The ruling will compensate the trade groups 320,0000 members with 2.5 percent of music related revenues owed by Yahoo, AOL, and RealNetworks. Under the new formula AOL owes $5.95 million and Yahoo owes $6.76 million for 2006 royalties alone.

http://www.usatoday.com/tech/techinvestor/industry/2008-05-01-yahoo-aol-music-royalties_N.htm
http://mashable.com/2008/05/01/online-music-giants-to-pay-up-to-100m-in-royalties/
http://www.washingtonpost.com/wp-dyn/content/article/2008/04/30/AR2008043003414.html
http://www.informationweek.com/news/personal_tech/music/showArticle.jhtml;jsessionid=KOXSCHIW4LPWIQSNDLRSKH0CJUNN2JVN?articleID=207403664

[edited by: Vanessa_Zamora at 10:06 pm (utc) on May 1, 2008]