RPC Events » internet

Listing of the best online casinos

admin — Sat, 12 Dec 2009 01:32:16 +0000

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Missing the Beat

admin — Sun, 20 Sep 2009 15:30:48 +0000

Continuing on the legal front, practically every day we hear of another suit by the record companies or artists against an Internet company, accusing it of piracy. And every time I hear this, the only sound I hear is the voice of someone who just doesn’t get it. No matter what the music industry does, the copying and sharing of digital music files on the Web aren’t going to go away. In fact, they’re going to grow like mad as more of us get broadband connections in our homes. Tossing lawsuits in the paths of innovators like MP3.com and Napster might get headlines, but there will always be someone figuring out something new, whether or not the record companies like it. We’ve already seen the emergence of Gnutella, a file-sharing system that operates peer-to-peer, with no central server and therefore no big company to sue. Bands like Metallica—which is effectively calling more than 300,000 of its own fans and potential fans criminals—are going to need to “think different,” as Steve Jobs might say Yes, artists should be paid for their work, and I’m not endorsing piracy. But people have been making copies of songs for years—and this hasn’t hurt the industry. Even Sony, one of the largest record companies, builds stereo systems with built-in cassette players that can dub CDs.

Superstar musicians should look at this digital technology—and whatever comes after it—as the radio of the 21st century and as a promotional tool that they can use to their advantage. Unsigned bands should look at the emergence of companies like MP3.Com and Napster as a dream come
true. They make finding the music that fans like easier, even if it’s not a top seller. Believe me, if I really like your song, I’ll buy your album. Remember how the movie studios thought that cable TV and VCRs would stop people from going to movies?

More people go than ever. And I’ll bet this new technology will do the same for music. In fact, we could be in for a musical renaissance, as artists of all kinds realize that finding an audience and being heard are getting easier. Rather than fighting the technology, musicians and the record industry should be embracing it and inventing new ways to make money off of it.

Internet Play Ready for Take-Off

admin — Wed, 22 Jul 2009 15:50:31 +0000

Pacific Century Cyberworks has achieved one of the largest fundraising exercises in its sector — a HK$2.3 billion top-up placement. A secondary placement for shareholders in Tricom, the telecom at the heart of a reverse takeover, was less impressive. Despite cries of foul, PCCW is now on target for explosive growth. Ming Liu reports.

Pacific Century Cyberworks claims that its top-up, HK$2.3 billion ($295.6 million) mid-September share placement is the largest Internet capital-raising exercise to date in Asia ex-Japan. Regardless of its status in terms of size, the deal sits at the centre of a period of intense deal- making by the company that should see it secure its status as one the region’s most significant Internet stocks.

PCCW is the technology flagship of the Pacific Century Group (PCG) .The group, which also holds interests in property and insurance, is headed by Richard Li, son of Cheung Kong and Hutchison Whampoa chairman Li Ka-shing. PCCW came to prominence when it controversially won the right to act as the Hong Kong government’s partner in developing the HK$13 billion Cyber-port, a commercial and residential property project intended to help Hong Kong become a technology and Internet communications hub. PCCW will be based in Cyber-port, from where it will launch its regional broadband Internet service. PCCW affiliate Pacific Convergence will be the public face of the Internet service, which will be offered through a satellite to cable distribution system.

The idea of launching an Internet service provider (ISP) was born in the aftermath of the sale of Star TV, which Li started back in 1990 and sold in 1993. Reflects Francis Yuen, deputy chairman of PCCW: “At the time that PCG was formed, we had nothing but a pile of cash from the sale of Star TV” A fairly big pile of cash — $525 million — that is. Over the next year or so, Li proceeded to add to the management he had worked with at Star TV to build his new Pacific Century team.