4 giants set to embrace electronic publishing

Article Abstract:

Time Warner Trade Publishing plans to form iPulish.com and iWrite units. These iPulish.com will focus on formating text for new electronic viewing devices. iWrite will solict and read manuscripts from authors. Simon & Schuster, Random House, and Microsoft announce the release of Michael Crichton's latest book, 'Timeline,' in electronic format, through retailer barnesandnobles.com. Microsoft makes the software, called Reader, that formats text for users of hand held computers and viewers. Most industry analysts say widespread adoption of electronic books is at least 2 years away. Traditional publishers don't want to lose to a dot-com start-up in the race to dominate this developing market.

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Internet music start-up to obtain licenses

Article Abstract:

FullAudio Corp. has made a pact with EMI Recorded Music for the license to sell about 400,000 songs for consumers to download. Emi Music Publishing and BMG Music Publishing also made a deal with the Internet music company which plans to start a subscription service within 3 months. FullAudio chief Chris C. Gladwin claims to be first to this service. Napster, Pressplay and MusicNet are also planning subscription services while navigating complicated laws.

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Universal's Second Chance to Make Video Pay

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The Universal Music Group has announced that Internet and television services will have to pay a licensing fee in order to broadcast its videos.

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