CDnow Comes Up Short as E-tailing Loses Luster with Investors
Last year, Internet commerce schemes were the darlings of venture capitalists and small investors alike. For months, it seemed that almost any business plan, no matter how half-baked, could attract millions of dollars with the simple mention of "online retail sales"—otherwise known as "e-commerce" or "e-tailing."
CDnow Teams Up with Sony, Time Warner
Internet music retailer CDnowhttp://www.cdnow.com/">CDnow; has formed a partnership with Sony">http://www.sony.com/">Sony Corporation and Time">http://www.timewarner.com/">Time Warner to build a music and video retailing behemoth. The July 13 announcement came in the wake of online bookseller Amazon.com's">http://www.amazon.com/">Amazon.com's recent move into the music market. With the backing of corporate giants Sony and Time Warner, CDnow could be able to mount a challenge to the growing presence of Amazon, which is also expanding into toy sales and consumer electronics.
CDnow Tops Chart, Expands into Europe
The numbers are up for CDnowhttp://www.cdnow.com">CDnow;. The world's largest online music retailer reported April 30 that its first-quarter sales increased 288% over the same period in 1997. The company took in $10 million in revenue through the period ending March 31, an increase of 26.4% over the previous quarter, in which revenue totaled $7.9 million.
CDs Cheaper than Downloads
An old adage has it that one common type of fool believes that anything new must be better.
CEA Cracks Down on "Journalists"
The Consumer Electronics Show (CES) has always been aimed at the electronics industry and the reporters who cover it. Other than a brief experiment with "open" days toward the end of the summer CES held in Chicago in the mid-1990s, the exhibition has never been open to the public.
CEA Declares Independence
Audio equipment manufacturers want as few restrictions as possible when designing new products. Audio content providers, on the other hand, seem hell-bent on locking down any music you buy tighter than Fort Knox.
CEA Honors Hall of Fame Inductees at 2000 International CES
At this year's recent CES in Las Vegas, the Consumer Electronics Association (CEA) announced the first 50 inductees into its Consumer Electronics Hall of Fame, chosen from the nominees by a panel of 11 media and industry professionals.
CEA Inducts Seven New Members Into Consumer Electronics Hall of Fame
Hundreds, if not thousands, of new products are unveiled to the consumer electronics industry each year at the annual Consumer Electronics Show in Las Vegas. But there would be no new products without the efforts of the scientists, engineers, journalists, inventors, company founders, and retailers who bring a product from concept to market.
CEA Launches Digital Downtown
The Consumer Electronics Association (CEA) announced that it will launch "a new consumer technology event," Digital Downtown (D2), 'to showcase the latest electronic lifestyle and workstyle products to residents and employees of Mahattan's Financial District." D2, which will be held from June 12–14 at the Winter Garden of the World Financial Center, will be open to the public, unlike the annual Consumer Electronics Show (CES).
CEA on RIAA vs Verizon
The Consumer">http://www.ce.org">Consumer Electronics Association (CEA) has responded to an ongoing copyright infringement suithttp://www.stereophile.com/news/11562/">suit; being pursued in a US District Court by the music industry against Verizon Communications, Inc.