$1bn for Broadband for $3 Movies + $400m 07 Rev : Fox/MySpace

tara niked
Originally uploaded by benbarren.

Im keen to see MatchPoint and to use a Cubanism here, the Woody Allen movie starring Scarlett which is supposed to be great, isnt out in Australia yet because we arent a Tier 1 Country. Anyway, Rupert Murdoch should start directing and starring his own straight to MySpace Scarlett Johannson online movies, because this guy is busting some moves : He is becoming the most interesting mogul to watch because he's going at the under 25's which is totally different to the Pension Fund, BMW approach of Yahoo, Google and MSN : 30-65 year old target market. Reminds me of when people said techno and electronic music would never be played/succeed, and before long if you wanted to go out, get ready for some fast BPM. KLF is going to rock you. Some very interesting metrics here from a Guardian Article : "Speaking at a technology and media conference in Arizona, Mr Murdoch described the potential for News Corp's online businesses as "enormous", predicting revenues of $350-$400m by 2007... He said myspace, which has around 47 million users and is growing at an estimated 1m a week would form the kernel of News Corp's online activity, but added it would not necessarily develop in the same vein as Yahoo! or MSN, arguing that existing portals didn't reach enough under-25-year-olds... Commenting on the rising costs of making and marketing movies, Mr Murdoch predicted a growing number of filmmakers would start to release lower budget fare over broadband, charging customers $3-$4 to watch.. The News Corp chief also said its US satellite TV business DirecTV would invest up to $1bn in entering the high-speed wireless broadband market. "You'll be hearing from us within two months on a very clear plan on what will happen."