Word: warners
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...Equinox gym in the new Time Warner Center in New York City inaugurated E, a posh $24,000-a-year facility for 200 invitation-only guests; Casa Casuarina--formerly Gianni Versace's home in South Beach--is set to become a members-only club; the British concierge service Quintessentially is opening an outpost in Miami following its recent launches in South Africa and Beijing; and in Tokyo individuals with assets of more than $920,000 can hire celebrity sushi chefs and geishas for private parties through Club Concierge. In a competitive social and economic environment, trading up--whether...
...growth of paid digital-downloading sites will eventually lead to a turnaround in the slumping Asia-Pacific music market; by 2008, they expect online music sales to break $500 million, 8% of the total market. "The fear of piracy still exists," says Jon Simon, head of new media for Warner Music Asia-Pacific. "But I think that fear every day becomes more an opportunity than one of loathing." When that happens, all those cute iPods will be good for more than just looking good...
...telcos aren't going to ignore an emerging technology twice. They're launching their own services as they try to reach out and crush Vonage before it gains too much momentum. And there's added pressure because cable companies such as Time Warner Cable (owned by the same parent company as TIME) and Comcast are also in the game. With the heavyweights now in the ring, broadband phone service will be making its way into close to 5 million homes within two years, according to Forrester Research. Experts have been saying for years that broadband was the future of landline...
Federal regulators may turn out to be the least of Vonage's challenges. AT&T launched its competing CallVantage service in March, Verizon rolled out VoiceWing in July, and Comcast and Time Warner Cable plan to have their offerings by the end of the year. These companies will seek to exploit Vonage's Achilles' heel. Because Vonage relies on the public Internet to route its calls, it cannot completely control traffic and its effect on call quality, says Lisa Pierce, an analyst at Forrester Research. AT&T, on the other hand, has its own network. Over time, she says, Vonage...
...have to do more than keep media giants from growing larger; they're already too big." TED TURNER, former vice chairman of TIME's parent company, Time Warner, writing in the Washington Monthly...