The Myspace Implosion - A View from Australia

Image via CrunchBaseStephen Bartholomeusz, writing in The Australian Business Spectator has a fairly standard analysis of the recent half a billion dollar loss that Murdoch's News Corp had on the sale of Myspace.

This week News did sell Myspace, for a paltry $US35 million, and put an end to the haemorrhaging that business was experiencing and the embarrassment the continuing presence of the business within the News portfolio had created for Murdoch.

see Murdoch's Myspace humiliation (free signup required)


from Business Spectator

The conclusion is the interesting bit

(the question is)..."News and its peers try to manage the transition of their traditional media businesses into the digital age. News’ big experiments with digital media – Myspace, the iPad-only newspaper The Daily, and the paywalls around its UK newspapers – haven’t inspired confidence in News’ ability to manage that evolution."

No they have not and they probably never will.

Table Football at Euro 48,500 a Pop

"Built by a Dutch design firm that's worked with Samsung and Nokia, 11’s an absurdly luxe foosball table that wowed crowds as a prototype back in ‘08 with its high-tech components and aesthetic qualities evoking the “beauty and grandeur of today’s modern stadiums”, thanks largely to costing just as much."

Via Thrillist 


11 | The Beautiful Game - The world’s most epic foosball table

11thegame Company Web site

The Future of Publishing

Referring back to my previous post

Online Digital Music - Pandora's Box

Now why can't the music industry do the same thing?

See from SAI Business Insider

"he gets to keep 70% of her book sales -- and she sells around 100,000 copies per month."

Full article This 26-Year-Old Is Making Millions Cutting Out Traditional Publishers With Amazon Kindle

The Death of the Music Industry

For once I have not attempted to re-write the heading as this one from SAI Business Insider just says it all.

Article The Death of the Music Industry