Universal Buys Into Loud.com
Universal Music Group has announced an investment in Loud.com, a moderately popular online hip-hop community. New York-based Loud.com, a subsidiary of Loud Records and SRC Entertainment, is described as an online community, competition, A&R site and marketing company by its founders, which is quite broad by any measure, but one that Universal somehow found appealing. Vibrant online communities are the new frontier of...
Patent Terrorists Lose Big In MP3 Case Against Microsoft
The US Senior District Court has ruled that Microsoft does not have to pay Alcatel-Lucent $1.5 Billion dollars for technology used to encode and decode digital audio files in the Windows Media Player. The French concern claimed that the technology infringed on two of its patents. The ruling overturned a previous jury verdict in a lower court. Yesterday’s the judge issued a ruling “in favor of Microsoft and against Lucent,...
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