@ Digital Media Summit: Digital Music's Future

A panel at the Digital Media Summit today, about the future of digital music.

Wendy Nussbaum, Universal eLabs, Senior Director: We are looking towards video downloads as another product through our distribution channels [this is in light of the labels starting charging online portals for streaming their videos]…we don’t know the demand yet, but we thought might as well make it available.

Mike Gaumond, Motorola, VP & GM, Media Solutions: Phone vs the iPod: They will co-exist. We did a lot of math and came up with 750 million reasons: that’s the number of handsets that will ship this year and a lot of them will have MP3 capability.

He said that Moto’s iRadio streaming/cached readio product will launch in trial this month and will formally launch early next year. A critical review of the service is here….

Kieve Huffman, Sony BMG, VP & GM, U.S. Digital Sales and Business Development: The amount of money we’re generating from master tones would have been unthinkable even a year ago. Verizon’s Vcast for $15 a month has been fairly successful.

The Digital Media Summit coverage is sponsored by Nine Systems

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