Daily Archives: January 31, 2008

Chris Nuttall

Audible Amazon is looking more like Apple every day in the audio department.

It now has an iPod (its Kindle electronic book plays MP3s), iTunes (its MP3 beta service), downloadable video to rent or buy (Unbox) and now podcasts and audiobooks ( it just bought Audible for $300m).

The Audible.com acquisition, announced today, is an interesting one as Audible supplies audiobooks for iTunes – no word yet on how that relationship might change.

Amazon said it would pay $11.50 a share for Audible, a 23 per cent premium on its closing price on Wednesday.

Audible, founded in 1997, has more than 500 spoken-word content partners and offers a subscription model for access to audiobooks, radio shows and podcasts.

Amazon recently scored a big win over iTunes, signing deals with the four major record companies to offer music free of digital rights management software. Apple’s only such deal is with EMI.

The one thing Amazon can’t add is Apple’s cool. When it comes to brand recognition in music, Apple still has the edge.

MySpace has confirmed that Josh Berman, COO, will leave the social networking site to take on a ‘senior role’ at Slingshot Labs, a new venture backed by News Corp, whose mission will be to incubate internet startups. Rumours of the move had been circulating since last week when Chris DeWolfe, the MySpace founder, told the New York Times about the incubator.

MySpace also said it would brief reporters next week on details of its bid to open up to outside developers. The FT revealed in June that MySpace that the popular social networking site hoped to take a page from Facebook, its smaller rival, by launching its own equivalent of the Facebook Platform. In November, MySpace announced that it had joined forces with Google on OpenSocial, an open alternative to Facebook’s platform.

Now that MySpace is preparing to launch its platform, internet-watchers will be looking for further details about the kinds of incentives it will offer to developers. Facebook set a high bar by allowing its developers to advertise freely within their apps – just not on the Facebook home page. The pressure will be on MySpace to follow suit.

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Richard Waters, Chris Nuttall and April Dembosky in the FT's San Francisco bureau share their views - plus tech insights from Tim Bradshaw and Maija Palmer in London and Robin Kwong in Taipei.



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Contact the FT Tech Hub team: richard.waters@ft.com, chris.nuttall@ft.com, april.dembosky@ft.com, maija.palmer@ft.com, robin.kwong@ft.com and tim.bradshaw@ft.com.

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