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Best of the Blogs, Media: Barnes & Noble No Longer Needs to Sell Nooks


Minyanville's roundup of some of the best financial commentary on media from around the Web.

This column highlights the most interesting and useful financial commentary on media from around the Web. Use our comments section to post your own suggestions for blog content that you've read or written.

Link: Microsoft + Nook: It Just Got (More) Interesting...
"This deal is a bit like one of those high-profile investments by Warren Buffett in a distressed company: a vote of confidence by someone powerful enough to be able to fund the struggling firm through its troubles. Except in this case, the Microsoft (MSFT) investment is much bigger than that, since it comes with deep integration into the Windows 8 operating system. Barnes & Noble (BKS) no longer needs to sell Nooks, or persuade people to download the Nook app on their iPad: everybody with a Windows 8 device will have the Nook reader built-in."

All Things D
Link: Understanding the IP Wars

"Going public with roughly 60 granted patents, Facebook clearly did not see the portfolios or players in its space as presenting an IP risk. Yahoo (YHOO) owns over 1,200 patents from over 2,700 different inventors. Its top ten patents alone have been cited over 2,200 times by later inventions."

The New York Times: Bits
Link: Disruptions: With No Revenue, an Illusion of Value

"Although most companies are not acquired for 10 figures, there have been dozens of multimillion-dollar acquisitions of start-ups that make no money whatsoever. The acquisitions of YouTube, FriendFeed, Zite, Hot Potato, Beluga, GroupMe, TweetDeck and Dodgeball are just a few samples involving companies with little to no revenue.

"The term often used behind closed doors with this no-revenue formula is mark-to-mystery. This is a play on the common term for a more logical investment practice called mark-to-market, which is used to create a realistic appraisal of a company's financial assets."

Link: Mark Zuckerberg Signs Up for Viddy Which Doesn't Make it Instagram

"Viddy has emerged as a front-runner among a crowd of social video apps that include Mobli, vYou and Tout. The startup recently passed 15 million users, and, according to The New York Times, is adding about 300,000 new users every day.

"Meanwhile, like some of its competitors, it has attracted investors from the entertainment industry, including the investment operations of Shakira, Jay-Z and Will Smith. Connections with celebrities are helpful when it comes to acquiring users. Justin Bieber's first Instagram photo, for instance, sent a beeline of traffic to the service that resembled a pattern a site might experience if it were being hacked."

The Hollywood Reporter
Link: Consumer Spending on Home Entertainment Rising for the First Time in Years

"Home video chiefs at the Hollywood studios finally have something to smile about.

"For the first time in years, consumer spending on home entertainment actually rose in the first quarter of 2012, rising 2.5% to $4.45 billion largely due to the strength of streaming, according to numbers compiled by DEG: The Digital Entertainment Group.

"The real good news for the studios, however, is that packaged media sales remained steady in the first quarter of 2012, with disc sales down less than 1% from the first quarter of 2011 – a sharp contrast to previous years, when first-quarter sales typically edged down in the double digits."

Digital Music News
Link: Spotify's CEO Has an Estimated New Worth of $310 Million...

"The net worth estimate was calculated by the London-based Sunday Times, which now ranks Spotify CEO Daniel Ek as the 10th richest music industry person in Britain (Ek is now based in London). The personal worth of 190 million pounds, or $310 million at current exchange rates, puts Ek on par with Mick Jagger."
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