All of these things are missing, or at least radically different, in a world filled with leaks and downloads instead of records. How does the industry deal with that? How do musicians deal with that? Radiohead found one way, Trent Reznor and GirlTalk and David Byrne have found ways — others will no doubt find their own way. It’s a fascinating time for the industry. For more on Jay Smooth, his show Ill Doctrine and his background in New York’s hip-hop radio scene, check here and here and here.
More than one person is calling this a “Techmeme-killer” (because of course new things always have to kill old things or it’s just no fun). But is it? I don’t think so. For one thing, I like the fact that Techmeme.com is kind of dynamic — even if I don’t really understand how it operates. Blog posts go from being a sub-link of a sub-link to being a headline post, then disappear altogether; others form their own sub-group and then get reabsorbed, and some form headlines without any links at all, which makes some people mad. It may be a black box, but I kind of like that. Fred Wilson says that he likes it because it’s more personal than just an algorithm.
Real’s lawyers tried to get the jump on Hollywood (or rather, the Motion Picture Association of America) by filing a lawsuit against the organization first, asking the courts to rule that RealDVD complies with licensing agreements, but that’s the equivalent of a Hail Mary pass at best. But if Real is dumb for ever thinking it could launch such a product, the MPAA is even dumber for opposing it. If the app includes DRM controls that prevent users from sharing and burning, then why not let DVD buyers make copies that they can watch on their computers? Seeing any kind of copying as a crime hasn’t done the industry any favours so far.
Is Facebook worth $15-billion? Not in any real sense of the word. Yes, it’s true that Microsoft paid $240-million for 1.6 per cent of the company, which theoretically values the entire company at $15-billion. But the key word there is “theoretically.” There’s about as much chance of someone buying Facebook for $15-billion as there is of me flying to the moon. In real terms, Mark Zuckerberg is worth something functionally equivalent to zero. I’d love to see him walk into a bank with a copy of the Forbes magazine list and try to get a loan for a couple of hundred million or so.