HANG ABOUT - IGNORE EVERYTHING ON THIS BOARD EVER: The music industry is about to change. Totally.
Intel is lined up to buy AOL's music publishing business.
Now, while this might seem like a dull corporate takeover story, just think through the implications of The People Who Make Computer Chips owning the rights to music from such a wide range of artists. And a company at that who - unlike Sony and AOL Time Warner - have no contradictory ownership of online companies and old-style record companies to clutter up their activities.
It's a cash deal. And you don't hand over one and a quarter billion quid without having a pretty good plan, do you?
Thursday, April 10, 2003
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