Apple and Twentieth Century Fox have reportedly come to an agreement that will finally make the studio’s films available via iTunes in the Cloud. When Apple made movies a cornerstone of the cloud-based initiative (which lets customers redownload previous purchases) earlier this year, the company only had deals in place with four of the “big six” studios — Universal and Fox were the holdouts. It didn’t take long for Universal to sign on and add its films to iTunes in the Cloud, but apparently Apple needed more time to hammer out a viable solution with Fox.
Now we’re able to confirm that Twentieth Century Fox titles no longer carry a warning that they won’t be available from iTunes in the Cloud following purchase. You’re free to delete them from your PC/Mac or iOS device and redownload at will, and the same movies can also be streamed from an Apple TV.
April 11, 2012 – Ushering in a sweeping new era of public ownership and access to thousands of acres of Orange County’s most prized natural lands, the (Orange County) Board of Supervisors today accepted the long-anticipated final gift of more than 20,000 acres of pristine, permanently protected open space and parklands from the Irvine Company.
These lands have been designated both a California and National Natural Landmark and are part of a grand total of 50,000 acres of permanently protected open space and parklands located on The Irvine Ranch and donated to Orange County. This unprecedented gift was created through collaborative conservation efforts spanning over 100 years involving the Irvine Company, community organizations, municipalities, government agencies and environmental groups.
This exceptional 50,000-acre gift is over 10 times the size of Griffith Park in Los Angeles (4,210 acres) and almost 60 times the size of Central Park in New York (843 acres).
The vast donation of permanently protected land includes: Bommer Canyon, Crystal Cove State Park, Upper Newport Bay, Laguna Coast Wilderness Park, and Quail Hill. Today’s gift adds the spectacular Limestone, Fremont, Weir, Black Star and Gypsum canyons to that list.
Microsoft and Barnes & Noble have teamed up to compete against Apple and Amazon in the eBooks business. The new partnership sees Microsoft investing $300 million in a new Barnes & Noble subsidiary.
The $300 million investment in the Nook subsidiary of Barnes & Noble gives Microsoft about 17.6 percent ownership of this business unit. That values this part of the business at about $1.7 billion. Before the markets opened this morning, the Nook business was valued about $900 million more than Barnes & Noble itself.
In addition, Microsoft is paying another $305 million to get Nook on Windows 8 with some content:
Microsoft will be paying the Barnes & Noble subsidiary $180 million for revenue sharing on the Nook app that B&N will make for the Windows 8 platform. This is nonrefundable, the filing notes. Microsoft is also paying $125 million (equal to $25 million over five years) “for purposes of assisting NewCo in acquiring local digital reading content and technology development.” This, too, looks to be nonrefundable.
To put that in perspective, in the last quarter Barnes and Noble made $52 million in profit (on $2.4 billion in sales), and Amazon pulled in $130 million in profit (on $13 billion in sales). Clearly, Amazon has a big edge over B&N.
But, when you look at Microsoft’s earnings for the last quarter, $5.1 billion in profit (on $17 billion in sales), it looks like the big dog just entered the game. But, don’t forget that Apple is on the scene as well.
Clearly, the e-reader battle is just heating up and everyone wants a piece.
As the primary architect of the Atlanta Braves’ dynasty in the 1980s and ’90s, Kasten noted the Dodgers’ fast start in stressing that the goal is to “win now — we’re not going to wait two years.”
In the tall, reserved Walter, Johnson can see parallels in ownership style with the Lakers’ Jerry Buss. Buss left it to general manager Jerry West and successor Mitch Kupchak to make the moves that kept that franchise at the top of the heap.
“Mark’s like Dr. Buss,” Magic said. “He’ll put money into the team and stay out of the way. He wants to win.”
Johnson, a big baseball fan growing up in Michigan, called it “one of the happiest days of my life.”
He said he was flattered that Walter and Kasten wanted him to join Guggenheim Baseball Management — along with Mandalay Entertainment chairman Peter Guber, Guggenheim Partners president Todd Boehly and Texas energy investor Bobby Patton — when they were putting together their winning bid to Frank and Jamie McCourt.
Legendary Dodgers broadcaster Vin Scully — one of the few individuals holding a place in the region’s hearts close to Johnson’s — mastered the ceremonies, concluding that this would be the last ownership exchange that would have his involvement.
There will be an unspecified amount of room available in the budget to pursue established talent in trades and free agency while fortifying the farm system, Kasten said.
“We’re not going to gouge the fans just because we paid a nice sum for this franchise,” Johnson said, disclosing that general parking would come down from $15 to $10. “We don’t want the fans to think because we wrote a big check [$2 billion], we’re going to stop writing checks for talent. We don’t want people to think we’re short on money now. That’s not the case.”
The sale of the team, the stadium and land surrounding it became official on Tuesday as the group closed its $2 billion purchase, ending the McCourts’ stormy eight-year ownership..
Guggenheim paid an additional $150 million for a 50-percent interest in the property surrounding Chavez Ravine and the stadium parking lots, in a joint venture with McCourt.
The McCourts bought the Dodgers in 2004 from News Corp. for a net purchase price of $371 million.