Apple crushed it once again during its latest fiscal quarter, thanks to still-surging iPads and iPhones. But the picture now includes a rapidly-growing Chinese market, one that helped Apple nearly double profits to $11.62 billion for the period. Overall, Apple's cash and cash equivalents now top $110 billion, according to stats shared by the company.
And what about music? Unfortunately, an iTunes Match figure wasn't disclosed during the Tuesday call, though iCloud users now top 125 million. And rumors continue to float around a possible subscription play, though Apple rumors can be flaky.
Is it just a game? Jay-Z has just launched a mogul-focused Facebook game, Empire. Elevate your status by successfully rap-battling, shopping mixtapes, and negotiating your way from the projects to Manhattan.
Google has now launched Google Drive, with 5GB available for free. That's just like iCloud, though Drive's competitor list also includes Dropbox, Microsoft's Skydrive, and any number of cloud-based storage solutions. Google Docs users will probably pick the Drive, thanks to a fairly seamless integration.
Streaming contender Deezer keeps landing in new countries, part of an aggressive, non-US expansion approach. The latest countries are Canada, Australia, and New Zealand.
Universal Music Group is dropping publishing assets ahead of its purchase of EMI Group, and that spells opportunity for equity-oriented buyers. The extensive list of bidders includes Providence Equity Partners and Bertelsmann AG, according to Bloomberg, which also noted that UMG plans to reduce the suitor pool to '20 to 30' over the next few weeks.
Looks like ReDigi's fight against Capitol Records won't include attorney Ray Beckerman - at least on paper. Court documents have now been filed to switch Beckerman's representation to Meister Seelig & Fein LLP, according to Beckerman himself.
Warning letters to UK-based infringers may have to wait until 2014, thanks to repeated delays and challenges surrounding the Digital Economy Act. The lagging timetable was discussed at the Creative Coalition conference in London this week.
mfr Wednesday, April 25, 2012
FWIW, if you read the Redigi filings, you'll notice that Berckerman Legal is exercising a retaining lien, which means Redigi is likely out of cash and can't pay their legal bills.
scenario: Thursday, April 26, 2012
Perhaps Ray Beckerman accepted to represent Redigi for publicity reasons and now is leaving to avoid any chance of hurting his name.
Laywers need PR, too!