Exclusive outtakes from industry leaders
The third day of the 2011 Reuters Global Technology Summit saw a lot of discussion about the valuation and potential of "sexy" social networks and lesser known startups.
One could say that Real Networks Chairman Rob Glaser, who saw his company's Real Player go from being the standard used in streaming media on the Web to a bit-player, is familiar with what is and isn't "sexy". Here he is talking about revamping his company around phenomena:
And Google Ventures Managing Partner Bill Maris questioned the value of social media startups:
Online security was a theme on day two of the 2011 Reuters Global Technology Summit.
Enrique Salem, the CEO of software security maker Symantec, suggested ways consumers can protect their privacy:
AOL CEO Tim Armstrong and Editor in Chief of The Huffington Post Arianna Huffington joined us Monday for the premiere of the 2011 Reuters Global Technology Summit.
Here's a clip of Tim Armstrong answering why he thinks the expansion of AOL's local news service Patch is a sound investment.
One of Major League Baseball's top executives may not think Apple's iTunes app store is particularly user friendly, but he's not about to offer advice to the hottest technology executive on the planet.
Robert Bowman, the head of MLB Advanced Media, the league's Internet and digital business, loves apps. He wants his sport's games and other content to be on every wireless device out there and think apps will begin to shape how websites are designed.
"We actually think it's going to invade the website. We think people like apps," he said at the Reuters Global Media Summit. "They're easy to understand. They're compartmentalized. It's a quick way to get information."
That said, the Apple and Google app stores leave a lot to be desired, Bowman said.
"The app stores are not well laid out. The app stores are very hard to figure out. Even Apple ... they do a great job, but they're hard to understand. The Android app store is very hard to understand, so it's hard for people to find the content."
But, when asked what he would do to improve Apple's app store, Bowman demurred.
"I don't think I'm going to get very far giving Steve Jobs advice," he said of Apple's renowned CEO. "He's done pretty damn well not listening to me for the first 57 years of his life and so I'm just going to continue to let him not listen to me."
Bowman acknowledged that the Android app store leaves him "a little bit more frustrated."
However, the baseball executive is not alone is finding the app stores frustrating.
Despite charging $14.99 a pop, baseball has sold nearly 600,000 apps this year between the Apple and Android platforms, he said.
Bowman also dismissed questions about the future of set-top boxes or big TVs, saying both are not going anywhere.
"I don't think there's any history of media dying," he said. "I still listen to radio in my car.
"The big TVs aren't going to go anywhere. It's like the automobile," Bowman added. "We're a country that likes big TVs.
The video game sector is often seen as being particularly ripe for consolidation, with some expecting old line media giants such as Time Warner to swoop in and scoop up a publisher to diversify their entertainment rosters.
But Strauss Zelnick, chairman of "Grand Theft Auto" publisher Take-Two Interactive, remains surprised by the lack of action on the consolidation front. “I think the legacy media companies have not been especially aggressive about interactive entertainment,” he said at the Reuters Global Media Summit in New York on Wednesday. His company, of course, fought off Electronic Arts' hostile takeover bid in 2008.
Anyone who thinks the word “executive” in CEO stands for a person who actually executes decisions and strategy should think again, at least according to Technicolor CEO Frederic Rose.
“It’s very funny, you get a job as a CEO and everyone says you’ve got this absolute power,” Rose told the Reuters Global Media Summit in Paris.
Big splashy action movies from the U.S. usually play well abroad. It should come then as no surprise that World Wrestling Entertainment, known for hulky dudes and toned ladies who act out soap opera scenarios both in and out of the ring, manages to find fans well beyond these borders.
So, naturally, international expansion is something on the mind of Donna Goldsmith, the chief operating officer of WWE, who ticked off countries including Russia, India and Brazil where it’s seeking to introduce characters like Sheamus, Triple H and John Cena.
Media executives love to go on about their love of the Apple's iPad. But the tablet isn't suited for everything. Walt Disney's Anne Sweeney relayed her recent experience catching up on an ABC TV show using the popular tablet.
Sweeney missed the season finale Grey's Anatomy and, while traveling, decided to watch the show in her hotel room. The episode was particularly gory -- several characters were picked off by a aggrieved man who held the hospital at gunpoint.
Forget sports tournaments or new movie releases as boosters for game demand. Electronic Arts' latest hero is America's most famous chat show host.
Chief Executive John Riccitiello, at the Reuters Media summit, went out of his way to praise Oprah Winfrey, whose recent shout-out of Scrabble gave a new lease of life to the not-so-new word game.
The news divisions at the big networks have been in a world of hurt lately as advertisers seek out younger consumers and viewers. This has lead to big cutbacks in staffing and resources over the years as the networks strive to keep profit margins from deteroirating even further.
ABC is certainly no expectation and has experienced managment upheaval when ABC News president David Westin announced in September his departure partly due to the financial situation and the pressure to increase profit margins.