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...Apple's iTunes store has shown that it is possible to make money with paid online distribution of content. In fact, Semel bought San Diego--based online music-subscription service Musicmatch last fall for $160 million and will soon launch a new digital music store of his own, possibly by the end of this month...

Author: /time Magazine | Title: Yahoo! Goes to Hollywood | 3/14/2005 | See Source »

...modern life. Along the way, Sony's founders managed to pull off a difficult double act. On the one hand, they recognized that if the company was to grow to its full potential, it had to capture foreign markets. Basing himself in New York-when Sony opened its store on Fifth Avenue in 1962, it was the first time the Japanese flag had flown in the city since the war-Morita became the best-known Japanese businessman in the world, friends with the great and the good on three continents. But Morita came from a family of long-established sake...

Author: /time Magazine | Title: Out of the Shadows | 3/14/2005 | See Source »

...grow as fast as it did when it was young and nimble. The company is known for fiefdoms and fierce battles between content units and hardware departments over compatibility, copyright and distribution issues. "You have to break down the silo walls that helped iTunes [Apple's online music store] clean our clock," says Stringer. "You've got to collect people who buy in to change-and if they don't, you have to move them. In the U.S., we cut 9,000 jobs and $700 million out of the budget. That's the blueprint. But it is not as easy...

Author: /time Magazine | Title: Out of the Shadows | 3/14/2005 | See Source »

...precious doesn't have pimples. What about iPod's notorious lack of endurance between recharges, the sealed case that means you may have to scrap the thing if the internal battery dies, and the proprietary digital- music format that joins you at the hip to Apple's iTunes online store? Apple may hold more than 60% of the market for hard drive-based digital-music players, but even iPod devotees may have wandering eyes?and competitors are all crying "Pick me!" by delivering fetching new digital-music players that adopt some of the benchmark's strengths while offering more flexibility...

Author: /time Magazine | Title: Attack of the Anti-iPods | 3/14/2005 | See Source »

...work in the music industry, while Georgia retreats into depression and her history studies, increasingly unable to handle daily life. Evans graphically charts Georgia's descent into an emotional paralysis that makes simply buying a carton of milk an immense effort. "If she did brave [a trip to the store] ... she found more problems. The mini-mart was out of semi-skimmed. The milk aisle was crawling with human beings." Ultimately, not even her special bond with Bessi can prevent Georgia from being overpowered by inner demons. Evans writes with the pained passion that can only come from personal experience...

Author: /time Magazine | Title: Twice as Bright | 3/13/2005 | See Source »

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