Word: vivendi
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Rather than seeking new ways of pleasing customers, however, the Big Five music companies (AOL Time Warner, Bertelsmann, EMI, Sony and Vivendi Universal) are focusing on making it harder for consumers to get what they want. Although the connection between home copying and lost sales is as tenuous as it was in the '80s, the industry is pushing controversial anticopying technology into the marketplace--while entrepreneurs are assembling new business models for selling music in the digital...
...major labels' systems include the online services Pressplay (owned by Vivendi Universal and Sony) and MusicNet (EMI, AOL Time Warner, Bertelsmann and the software firm RealNetworks). Initially hyped as the legitimate alternatives to the original outlaw Napster, these services have flopped with consumers--especially where CD burning is concerned. Pressplay charges $9.95 to let you burn 10 tracks a month--barely enough for one CD. MusicNet offers no burning capabilities, but EMI seems to have belatedly recognized the need, at least for fans of Sharon Riley and Faith Chorale. You can now burn up to 20 tracks from...
...answer, I think, is that France is a fractured society. For many of its elite--the people who work for Vivendi and Airbus, have Harvard M.B.A.s and speak perfect English--globalization and a free-market economy offer glittering opportunities. But for others--and this is true elsewhere in Europe--the modern world is a threat. "Europe," says Bernard Guetta, a columnist at L'Express, "is frightened of the new century." Some French see national identity challenged by immigration and the rise of Islam; they witness governmental powers ineluctably shifting from Paris to the European Union. They fear that an American...
Messier often points out that Vivendi made its revenue targets last year, and hit its earnings predictions--before those big charges. But this is the Enron Era. Big companies with complex finances and fuzzy growth prospects won't be getting a warm welcome from shareholders, no matter how big a splash the CEO can make. --With reporting by Bruce Crumley/ Paris and Jeffrey Ressner/Los Angeles
...parole for 10th time. We?re surprised: Charles kept his cell tidy, flossed daily and wore a new string tie to the hearing TONYA HARDING Skating queen busted for drunk driving. Tonya is one of those celebrities whose every action perfectly confirms our preconceptions of her JEAN-MARIE MESSIER Vivendi Universal chief gets booed at annual stockholder meeting. He?s the least-popular Frenchman not currently running for President...