Amazon, the new Google?

Back when I worked at Microsoft I was always looking at Google and asking myself “what if they shipped this” or “what if they shipped that?”

Well, I should have been worrying about Amazon instead. They’ve shipped a bunch of stuff that I expected Google to do first (like S3, and now Unbox).

What’s the Unbox video store? Dave Taylor answers the question. Oh, and a few other people on TechMeme too.

If I didn’t have such a busy day today, I’d go play too. Here’s a recap:

8 a.m., breakfast with Francine Hardaway and Buzz Bruggeman.
10 a.m. interview with Mike Cannon-Brookes, founder and CEO of Atlassian (cool software company in Australia) along with Jon Silvers. You can see Mike on this video (not mine).
1:30 p.m. interviewed Jonathan Schwartz. That went very well, can’t wait to show you the video (my show probably will start the week of the 18th).
3 p.m. meeting with Ryanne and Jay, who are editing and encoding my show. They just got engaged, by the way, congrats!
5 p.m. Buzz and I head to David Hornick’s VC firm for a little shindig (nice Vox blog, are all the cool kids going to get those now? I have one too, but it’s lame so far. I am trying to get Maryam to switch to Vox, though). Met lots of famous geeks and entrepreneurs including Rick Smolan, the guy who did the “Day in the Life” series of photo books and Heidi Roizen (former executive at Apple, among other places). She told me she updated her own Wikipedia entry to correct some factual errors. It’ll be interesting to see if that’ll get her in trouble. Oh, I also met Ross Mayfield, founder of Social Text, who, in jest, told me a good business tip: “Pornotube is the future.”
8 p.m. Interview Sabeer Bhatia, co-founder of Hotmail. He’s in India and is planning out a new city. Now THAT isn’t something you hear every day.
9:30 p.m. Buzz picks me up and we head to Valerie Cunningham’s birthday party where I meet up with a bunch of PodTech’ers, including my boss, John Furrier, who tells me about working at Hewlett Packard and how much he loved that company. Said “it was the best company in the world.”
11 p.m. head home.
Midnight. Read blogs, email (72 still to be answered just from yesterday) and write this blog post.

Well, hope you all get some sleep. But it looks like half the Internet is playing with Amazon stuff right now.

68 thoughts on “Amazon, the new Google?

  1. Amazon have obviously been thinking hard about what they do and how they do it. Their drive comes from needing to exploit technology to fulfill their business requirements. In comparison, Google develop (and acquire) technology simply because they are overwhelmed by the geekiness of it.

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  2. Amazon have obviously been thinking hard about what they do and how they do it. Their drive comes from needing to exploit technology to fulfill their business requirements. In comparison, Google develop (and acquire) technology simply because they are overwhelmed by the geekiness of it.

    Like

  3. Bah! Just tried to download a film and got the following error:

    We’re sorry!
    An error occurred when we tried to process your request. Rest assured, we’re working to resolve the problem as soon as possible. If you were trying to make a purchase, please check Your Account to confirm that the order was placed. We apologize for the inconvenience.

    Then went back and read the small print: US Customers Only!

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  4. Bah! Just tried to download a film and got the following error:

    We’re sorry!
    An error occurred when we tried to process your request. Rest assured, we’re working to resolve the problem as soon as possible. If you were trying to make a purchase, please check Your Account to confirm that the order was placed. We apologize for the inconvenience.

    Then went back and read the small print: US Customers Only!

    Like

  5. I believe the winner in the movie download space will be the player that allows for convenient viewing on PCs, mobile devices, and on your TV. Unbox does not appear to be the service that will provide this flexibility. In its current incarnation at least, it is pretty much for PC viewing only…

    For movie downloads to become mass market, the convenient integration with the TV must be in place. (Only us geeks will be happy to view movies on our laptops long term!) The question is, who will bring this to the market first, Microsoft with Zune/XBOX/Media Center or Apple with “one more thing” next week?

    We are also covering this at Amazon Unbox launched; pieces of the puzzle missing.

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  6. I believe the winner in the movie download space will be the player that allows for convenient viewing on PCs, mobile devices, and on your TV. Unbox does not appear to be the service that will provide this flexibility. In its current incarnation at least, it is pretty much for PC viewing only…

    For movie downloads to become mass market, the convenient integration with the TV must be in place. (Only us geeks will be happy to view movies on our laptops long term!) The question is, who will bring this to the market first, Microsoft with Zune/XBOX/Media Center or Apple with “one more thing” next week?

    We are also covering this at Amazon Unbox launched; pieces of the puzzle missing.

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  7. The only directly work-related thing in the schedule seems to be the Jay and Ryanne meeting. The rest seem to be schmoozing to support the vlogging. That’s a lot of background work to make the vlog pay off. Probably not something people consider behind the scenes of each and every successful vlog/blog effort out there.

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  8. The only directly work-related thing in the schedule seems to be the Jay and Ryanne meeting. The rest seem to be schmoozing to support the vlogging. That’s a lot of background work to make the vlog pay off. Probably not something people consider behind the scenes of each and every successful vlog/blog effort out there.

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  9. It poses some interesting questions about why there is so much argument over Blue-ray vs. HD-DVD if downloads will ultimately be the way that movies are distributed. I’m sure Microsoft, Google and Amazon don’t realy give a toss which format wins if they can still sell the movies or the technology to distribute / play them via the direct route of the Internet. Bravo Amazon, bravo Apple.. pity we always have to wait for these things when we’re in Europe. 🙂

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  10. It poses some interesting questions about why there is so much argument over Blue-ray vs. HD-DVD if downloads will ultimately be the way that movies are distributed. I’m sure Microsoft, Google and Amazon don’t realy give a toss which format wins if they can still sell the movies or the technology to distribute / play them via the direct route of the Internet. Bravo Amazon, bravo Apple.. pity we always have to wait for these things when we’re in Europe. 🙂

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  11. Chris Paton this also pisses me off rather severely.

    In the case of movies or music there are distributor agreements in place for the various world regions so this I can understand but not when it comes to web services.

    Google rolls out new stuff for the entire world to use while the Windows Live idiots seem to think that the web exists in the US only i.e OneCare and Family Safety.

    Also it is not a language issue as they claim on their blogs as most of us internet savvy folks across the pond can speak and run Windows in English mode.

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  12. Chris Paton this also pisses me off rather severely.

    In the case of movies or music there are distributor agreements in place for the various world regions so this I can understand but not when it comes to web services.

    Google rolls out new stuff for the entire world to use while the Windows Live idiots seem to think that the web exists in the US only i.e OneCare and Family Safety.

    Also it is not a language issue as they claim on their blogs as most of us internet savvy folks across the pond can speak and run Windows in English mode.

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  13. Robert

    Seriously how did you become so big in the world of blogging. Your English is worse than mine.

    Did you know they’re trying to get kids to blog in shcools to inprove there English. I should point this blog out to them as why that is such a bad idea.

    Furthermore Computering.co.uk says you get paid more than $100,000 for this drivel.

    Maybe i should become a hermit then this wouldn’t bother me so much.

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  14. Robert

    Seriously how did you become so big in the world of blogging. Your English is worse than mine.

    Did you know they’re trying to get kids to blog in shcools to inprove there English. I should point this blog out to them as why that is such a bad idea.

    Furthermore Computering.co.uk says you get paid more than $100,000 for this drivel.

    Maybe i should become a hermit then this wouldn’t bother me so much.

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  15. “users can burn the movies to DVD, but can’t play the movies on a standard DVD player”

    wow, theres a tech support nightmare for a consumer product.

    I understand the limitation (iTunes videos are the same), but still, thats going to take some serious buyer education on amazon’s part: “Why yes these movies ARE the same as DVDs you buy. Yes, you CAN burn them to a blank DVD on your computer..Oh, no, you can’t PLAY that DVD on your DVD player in your living room…”Hello?”

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  16. “users can burn the movies to DVD, but can’t play the movies on a standard DVD player”

    wow, theres a tech support nightmare for a consumer product.

    I understand the limitation (iTunes videos are the same), but still, thats going to take some serious buyer education on amazon’s part: “Why yes these movies ARE the same as DVDs you buy. Yes, you CAN burn them to a blank DVD on your computer..Oh, no, you can’t PLAY that DVD on your DVD player in your living room…”Hello?”

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  17. Amazon’s video service has zero chance to succeed.

    They don’t have a portable video strategy (no one has their supported devices, especially in the only region they support — the US)

    They don’t have a living room strategy. Expecting people to connect their computer to a TV is absurd. Robert, you should know this. I’m sure you’ve seen Microsoft’s statistics on how many people actually connect Media Center PCs to TVs.

    Any first year MBA can see that this thing is DOA.

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  18. Amazon’s video service has zero chance to succeed.

    They don’t have a portable video strategy (no one has their supported devices, especially in the only region they support — the US)

    They don’t have a living room strategy. Expecting people to connect their computer to a TV is absurd. Robert, you should know this. I’m sure you’ve seen Microsoft’s statistics on how many people actually connect Media Center PCs to TVs.

    Any first year MBA can see that this thing is DOA.

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  19. James: you do that much work in 18 hours and see how good your English is.

    Hint: people don’t link to me because of the quality of my English. Thanks for playing! I’m glad you aren’t my English teacher.

    But if you want someone who writes better, maybe you should unsubscribe from mine and read my wife’s blog. http://maryamie.spaces.live.com/

    She was an English major at University of California, Berkeley.

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  20. James: you do that much work in 18 hours and see how good your English is.

    Hint: people don’t link to me because of the quality of my English. Thanks for playing! I’m glad you aren’t my English teacher.

    But if you want someone who writes better, maybe you should unsubscribe from mine and read my wife’s blog. http://maryamie.spaces.live.com/

    She was an English major at University of California, Berkeley.

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  21. Dead on arrival. Amazon has screwed this up big time from the starting gate. Think about the most annoyingly incompetent thing about Amazon’s CD business: there is no convenient way to listen to clips before you buy a CD. So, you either preview the CD in iTMS, or you go by reader reviews on AMZN. Or, you install cr*pware on your system, like RealPlayer.

    Apparently, history has taught them nothing. The new video seem to be in some nasty MSFT DRM encoding.

    SHORT AMZN!

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  22. Oh, and by the way it doesn’t support the Mac either. Given the growth of the Mac market, especially in the demos that that I’m sure Amazon is targeting (university students, young professionals), that could turn out to be a critical mistake.

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  23. Oh, and by the way it doesn’t support the Mac either. Given the growth of the Mac market, especially in the demos that that I’m sure Amazon is targeting (university students, young professionals), that could turn out to be a critical mistake.

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  24. Dead on arrival. Amazon has screwed this up big time from the starting gate. Think about the most annoyingly incompetent thing about Amazon’s CD business: there is no convenient way to listen to clips before you buy a CD. So, you either preview the CD in iTMS, or you go by reader reviews on AMZN. Or, you install cr*pware on your system, like RealPlayer.

    Apparently, history has taught them nothing. The new video seem to be in some nasty MSFT DRM encoding.

    SHORT AMZN!

    Like

  25. @15. Scoble gets defensive again. What a surprise! Why is it so easy to get under your skin? It is entertaining to watch, though.

    As for the Amazon product, the bandwidth is still not there for the masses to have the patience to download these things on any type of regularity. Muijbur is right, while this may appeal to geeks, this will have a hard time getting appeal amonst the masses. Too many hoops for people to jump through to make this useful. Still much easier to sign up for Netflix or head down to Blockbuster

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  26. @15. Scoble gets defensive again. What a surprise! Why is it so easy to get under your skin? It is entertaining to watch, though.

    As for the Amazon product, the bandwidth is still not there for the masses to have the patience to download these things on any type of regularity. Muijbur is right, while this may appeal to geeks, this will have a hard time getting appeal amonst the masses. Too many hoops for people to jump through to make this useful. Still much easier to sign up for Netflix or head down to Blockbuster

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  27. LayZ: >Why is it so easy to get under your skin?

    I was answering a question. I love how you read so much into an answer.

    You? Why don’t you write a blog every day so we can come over and criticize you. I doubt you’d last a week. You love taking pot shots but couldn’t stand up to what you’re dishing out. That’s why you aren’t willing to put your real name on your posts. So who’s thin skinned in this game? But whatever.

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  28. LayZ: >Why is it so easy to get under your skin?

    I was answering a question. I love how you read so much into an answer.

    You? Why don’t you write a blog every day so we can come over and criticize you. I doubt you’d last a week. You love taking pot shots but couldn’t stand up to what you’re dishing out. That’s why you aren’t willing to put your real name on your posts. So who’s thin skinned in this game? But whatever.

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  29. What is really interesting is that while you are famous for your social-media expertise, your day is filled with so many face-to-face interactions. I think that this is not underscored enough when people talk about bloggers becoming successful. Anyhow – please get some rest!

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  30. What is really interesting is that while you are famous for your social-media expertise, your day is filled with so many face-to-face interactions. I think that this is not underscored enough when people talk about bloggers becoming successful. Anyhow – please get some rest!

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  31. John Furrier is right. I used to work for HP and I have the same thing to say about them. I would still be there if they could hire me, but, alas my job was shipped to India. I would readily work for HP(it really is the best company in the world & I should know having worked in quite a few Fortune 500 companies) for a lower pay too, but, of course Dunn would have to go first.

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  32. John Furrier is right. I used to work for HP and I have the same thing to say about them. I would still be there if they could hire me, but, alas my job was shipped to India. I would readily work for HP(it really is the best company in the world & I should know having worked in quite a few Fortune 500 companies) for a lower pay too, but, of course Dunn would have to go first.

    Like

  33. I was checking out Vox per your link, looks pretty decent. I’m fairly new to blogging, and RSS in general, having been using the technology for only about 2 months. I was wondering which aggregators you have used, which one you use now, and why? If you have time. Thanks!

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  34. I was checking out Vox per your link, looks pretty decent. I’m fairly new to blogging, and RSS in general, having been using the technology for only about 2 months. I was wondering which aggregators you have used, which one you use now, and why? If you have time. Thanks!

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  35. Cuban nails it, as always:

    http://www.blogmaverick.com/2006/09/08/internet-movie-downloads-vs-store-dvds-a-quick-biz-lesson/

    He sums it up nicely:

    “And as far as the perspective of giving users what they want and they want downloads. If we dont offer them downloads, they will find downloads on their own , just as we saw in the music business… Nope. This aint the music business. This aint 3 minute songs that download in under a minute and allow users the option of getting the 1 song they like instead of a package of 10. IF movies were sold in prepackaged albums of 10 movies. Maybe. If movies were 3 minutes in length. Maybe. If watching on a computer or on an Ipod was as good an experience and often better than watching on the smallest TV in the house, maybe. But its not.

    Watching video on a computer or on a PDA/Ipod is a 2nd class experience. It works amazingly well as a time killer on a bus, plane, lunchroom. It works good enough in a dorm room or your apartment bedroom, but its not going to replace watching on a real tv. It will always be a niche market in every manner.

    and for all you “but i can and do download everything ” types. Good for you. Get up and away from your computer and go see how the rest of the country lives. And when you hit 27, get a real job or move out of your parents house, whichever comes first, tell me if you are still downloading 10 movies and burning them for your friends and creating 10 playlists for Itunes every week like you did in college or when you first graduated. At some point you realize the time you spend downloading and burning to a DVD is worth more than the 10 bucks to go to a movie or 20 bucks or less to buy the movie. When that happens you will have figured out that all that time you spend burning DVDs and trying to manage space on your hard drive wasnt worth it”

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  36. Cuban nails it, as always:

    http://www.blogmaverick.com/2006/09/08/internet-movie-downloads-vs-store-dvds-a-quick-biz-lesson/

    He sums it up nicely:

    “And as far as the perspective of giving users what they want and they want downloads. If we dont offer them downloads, they will find downloads on their own , just as we saw in the music business… Nope. This aint the music business. This aint 3 minute songs that download in under a minute and allow users the option of getting the 1 song they like instead of a package of 10. IF movies were sold in prepackaged albums of 10 movies. Maybe. If movies were 3 minutes in length. Maybe. If watching on a computer or on an Ipod was as good an experience and often better than watching on the smallest TV in the house, maybe. But its not.

    Watching video on a computer or on a PDA/Ipod is a 2nd class experience. It works amazingly well as a time killer on a bus, plane, lunchroom. It works good enough in a dorm room or your apartment bedroom, but its not going to replace watching on a real tv. It will always be a niche market in every manner.

    and for all you “but i can and do download everything ” types. Good for you. Get up and away from your computer and go see how the rest of the country lives. And when you hit 27, get a real job or move out of your parents house, whichever comes first, tell me if you are still downloading 10 movies and burning them for your friends and creating 10 playlists for Itunes every week like you did in college or when you first graduated. At some point you realize the time you spend downloading and burning to a DVD is worth more than the 10 bucks to go to a movie or 20 bucks or less to buy the movie. When that happens you will have figured out that all that time you spend burning DVDs and trying to manage space on your hard drive wasnt worth it”

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  37. Well, although I’m not so enthused about the over ten buck price for a movie download, I just realized something. Say you’re interested in a movie, check to see if it’s available for download, and think the price is too high. Well, now you’re right at Amazon where you can order the DVD.

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  38. Well, although I’m not so enthused about the over ten buck price for a movie download, I just realized something. Say you’re interested in a movie, check to see if it’s available for download, and think the price is too high. Well, now you’re right at Amazon where you can order the DVD.

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  39. I perused Amazon’s unbox, and it looks pretty good for TV shows. Not so good for movies though. For movies, CinemaNow.com and MovieLink.com look better as the movies are half the price for rentals, and most people only watch movies once, so rentals are just fine. For purchases, CinameNow.com and MovieLink.com are still cheaper than Amazon’s movies.

    Anyway it’s good to see someone actually take on Apple and beat Google to the punch (well, CinemaNow.com and MovieLink.com have been around for years, so this isn’t anything new, really).

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  40. I perused Amazon’s unbox, and it looks pretty good for TV shows. Not so good for movies though. For movies, CinemaNow.com and MovieLink.com look better as the movies are half the price for rentals, and most people only watch movies once, so rentals are just fine. For purchases, CinameNow.com and MovieLink.com are still cheaper than Amazon’s movies.

    Anyway it’s good to see someone actually take on Apple and beat Google to the punch (well, CinemaNow.com and MovieLink.com have been around for years, so this isn’t anything new, really).

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  41. Why Disney is not on Unbox? If the reason is Steve Jobs, then is he not abusing his board position. 90% of Disney stock holders should ask this question. Why Disney is not participating in Unbox for the benefit of Apple?

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  42. Why Disney is not on Unbox? If the reason is Steve Jobs, then is he not abusing his board position. 90% of Disney stock holders should ask this question. Why Disney is not participating in Unbox for the benefit of Apple?

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  43. In my comment above, I said that CinemaNow.com had Amazon beat for movies, but not TV shows, because I thought CinemaNow didn’t offer TV shows. But I was wrong. I was just making another perusal of CinemaNow.com and see that they do have TV shows. (MovieLink.com also has TV shows, but a much smaller selection.)

    And CinemaNow does offer Disney movies, unlike Amazon. We’ll have to see if that continues after Apple opens its Movie store on the 12th.

    CinemaNow also has some nice HD offerings, a Download & “Burn to DVD” feature (so you can download entire DVDs, including deletes scenes, menus, etc, playable on any DVD player), and even a “mature” section (for those of you that are into that sort of thing. LOL)

    I’m just promoting CinemaNow because I’ve used it in the past, it’s been around for years, offers more features than the competition, and I would hate to see it just get creamed by Johnny-Come-Latelies just because they have the name “Apple”, “Amazon”, or “Google”. But it seems inevitable. I mean, Apple wasn’t first to the mp3 player market but they destroyed all who came before them, so it’s likely CinemaNow will indeed get destroyed by Apple, Amazon, Google.

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  44. In my comment above, I said that CinemaNow.com had Amazon beat for movies, but not TV shows, because I thought CinemaNow didn’t offer TV shows. But I was wrong. I was just making another perusal of CinemaNow.com and see that they do have TV shows. (MovieLink.com also has TV shows, but a much smaller selection.)

    And CinemaNow does offer Disney movies, unlike Amazon. We’ll have to see if that continues after Apple opens its Movie store on the 12th.

    CinemaNow also has some nice HD offerings, a Download & “Burn to DVD” feature (so you can download entire DVDs, including deletes scenes, menus, etc, playable on any DVD player), and even a “mature” section (for those of you that are into that sort of thing. LOL)

    I’m just promoting CinemaNow because I’ve used it in the past, it’s been around for years, offers more features than the competition, and I would hate to see it just get creamed by Johnny-Come-Latelies just because they have the name “Apple”, “Amazon”, or “Google”. But it seems inevitable. I mean, Apple wasn’t first to the mp3 player market but they destroyed all who came before them, so it’s likely CinemaNow will indeed get destroyed by Apple, Amazon, Google.

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  45. @28. Disney is within their rights as a company to choose to offer or not offer their content to whatever service they choose. You could ask why Apple Corp doesn’t offer the Beatles catalog on iTunes. They own the rights to the library and have a disagreement with Apple over naming rights. Not sure what Disney’s reason may. But, they don’t need to have a reason.

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  46. @28. Disney is within their rights as a company to choose to offer or not offer their content to whatever service they choose. You could ask why Apple Corp doesn’t offer the Beatles catalog on iTunes. They own the rights to the library and have a disagreement with Apple over naming rights. Not sure what Disney’s reason may. But, they don’t need to have a reason.

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  47. @32. You are wrong. At least on technical grounds. Disney is a public company. Any reason in the interest of Disney or the majority of Disney’s share-holders is okay. But if the reason is that a board member of Disney have interest in another company (Apple in this case), and a decision is being made in the interest of the other company then it is not okay.

    Sure Steve Jobs is the largest share holder of Disney, but he still does not own the majority stake. If he as a board member participate in a decision which is not in the interest of Disney then it is unfair to those Disney’s shareholders who do not own Apple.

    I do not know what happens in Disney’s board rooms. But in an ideal case, Steve Jobs must not participate in any such decision which has implication for Apple, citing his conflict of interest.

    Not participating in Amazon Unbox does not seem a big deal. For an instance, *assume* that Amazon Unbox turns out to be hugely popular and Apple movie download fails. *Suppose* Unbox is able to give billions of dollars of profit to participating studios. Then, *such* conflicting decisions *may* open technical grounds for class action suites.

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  48. @32. You are wrong. At least on technical grounds. Disney is a public company. Any reason in the interest of Disney or the majority of Disney’s share-holders is okay. But if the reason is that a board member of Disney have interest in another company (Apple in this case), and a decision is being made in the interest of the other company then it is not okay.

    Sure Steve Jobs is the largest share holder of Disney, but he still does not own the majority stake. If he as a board member participate in a decision which is not in the interest of Disney then it is unfair to those Disney’s shareholders who do not own Apple.

    I do not know what happens in Disney’s board rooms. But in an ideal case, Steve Jobs must not participate in any such decision which has implication for Apple, citing his conflict of interest.

    Not participating in Amazon Unbox does not seem a big deal. For an instance, *assume* that Amazon Unbox turns out to be hugely popular and Apple movie download fails. *Suppose* Unbox is able to give billions of dollars of profit to participating studios. Then, *such* conflicting decisions *may* open technical grounds for class action suites.

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  49. Who says Jobs is making the decision? If you know ANYTHING at all about Disney they guard their brand obsessively. If they feel anything will dilute their brand they will not particitpate. For example, it took them years, nee decades to even decide to sell McDonald’s branded food in their parks. So, if this is the case, it’s really no surprise at all they do not want to have downloads available. Do some research first before jumping to conclusions.

    As for Jobs, er..um.. he is the majority shareholder in Disney.

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  50. Who says Jobs is making the decision? If you know ANYTHING at all about Disney they guard their brand obsessively. If they feel anything will dilute their brand they will not particitpate. For example, it took them years, nee decades to even decide to sell McDonald’s branded food in their parks. So, if this is the case, it’s really no surprise at all they do not want to have downloads available. Do some research first before jumping to conclusions.

    As for Jobs, er..um.. he is the majority shareholder in Disney.

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  51. LayZ, my response @33 was to point out that you are absolutely wrong @32. A public company has many more restriction in governing itself. Its board members represent the share holders at large and they are supposed to act in the interest of the share-holders. If it is found out that they took actions for their own benefit at the expense of share-holders, (for an extreme example — insider trading), then they are open to law suits.

    I gave you the argument by assumptions. And all these conditional words are also emphasized with astrisk.

    As far as your knowledge about Disney is, then for your information no single share-holder has majority stake in Disney. Jobs is the largest shareholder owning only few percentage of Disney. (Majority share holders need to have at least $30 Billion, which only two people in the world have — Bill Gates and Warren Buffets and none of these two are the majority stake holders in Disney)

    Take some debate classes before starts argueing.

    BTW, Jobs is a Disney board member. So some responsibility of decision making falls on his shoulders.

    (Expect no further argument from me. I do not like to argue with an anonymous person.)

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  52. LayZ, my response @33 was to point out that you are absolutely wrong @32. A public company has many more restriction in governing itself. Its board members represent the share holders at large and they are supposed to act in the interest of the share-holders. If it is found out that they took actions for their own benefit at the expense of share-holders, (for an extreme example — insider trading), then they are open to law suits.

    I gave you the argument by assumptions. And all these conditional words are also emphasized with astrisk.

    As far as your knowledge about Disney is, then for your information no single share-holder has majority stake in Disney. Jobs is the largest shareholder owning only few percentage of Disney. (Majority share holders need to have at least $30 Billion, which only two people in the world have — Bill Gates and Warren Buffets and none of these two are the majority stake holders in Disney)

    Take some debate classes before starts argueing.

    BTW, Jobs is a Disney board member. So some responsibility of decision making falls on his shoulders.

    (Expect no further argument from me. I do not like to argue with an anonymous person.)

    Like

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