Hollywood Fears Peer-to-Peer Exchange and the New-Media CFOs

eCFO Defines the Role of the CFO in the New Media Battle



Apr 23, 2001, 01:00 ET from eCFO

    NEW YORK, April 23 /PRNewswire Interactive News Release/ -- Napster led a
 staggering revolution in the music industry. Now, CFOs of major media
 companies face a similar challenge. eCFO reveals how new peer-to-peer
 technology is effecting movie distribution and ultimately, media companies'
 bottom line.
     Virtual sharing of films, from one personal computer to another, threatens
 the entire film industry. According to Forrester Research, online delivery of
 films will account for 20 percent of motion picture revenues by 2003. Given
 that the industry took in $77 billion in exhibited movie revenues and $20
 billion in rented or sold videos and DVDs last year, a $20 billion cash stream
 is expected.
     As the P2P technology threatens the future of movie distribution,
 companies such as AngryCoffee and AtomFilms are maximizing the use of P2P
 technology for movie distribution over the Internet. According to Eric
 Cansler, CFO of AtomFilms, revenues at the company jumped 1,200 percent last
 year.
     Alarmed by the exploding popularity of online movie distribution, the
 entertainment industry marshaled its forces. In 2000, The Motion Picture
 Association of America (MPAA) and others filed multi-billion dollar lawsuits
 against alleged companies for copyright infringement.  The MPAA confirms that
 the major studios plan to unveil movies on the Internet once they have content
 encryption, watermarking and digital rights management procedures in place. It
 is expected that most major studios will be online within four to six months
 and have been testing various business models around the country.
     eCFO will also be published in September and December and is complemented
 by the eCFO website (http://www.ecfonet.com).  The website includes top
 stories from the publication as well as exclusive online stories on the
 hottest eBusiness trends in finance.
     CFO is published by CFO Publishing and is a member of The Economist Group.
 With a rate base of 450,000 and a readership of more than one million each
 month, CFO reaches the highest ranking financial executives of the largest
 companies in America.  CFO is also published worldwide, covering the global
 market with CFO Europe and CFO Asia.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X26770409
 
 

SOURCE eCFO
    NEW YORK, April 23 /PRNewswire Interactive News Release/ -- Napster led a
 staggering revolution in the music industry. Now, CFOs of major media
 companies face a similar challenge. eCFO reveals how new peer-to-peer
 technology is effecting movie distribution and ultimately, media companies'
 bottom line.
     Virtual sharing of films, from one personal computer to another, threatens
 the entire film industry. According to Forrester Research, online delivery of
 films will account for 20 percent of motion picture revenues by 2003. Given
 that the industry took in $77 billion in exhibited movie revenues and $20
 billion in rented or sold videos and DVDs last year, a $20 billion cash stream
 is expected.
     As the P2P technology threatens the future of movie distribution,
 companies such as AngryCoffee and AtomFilms are maximizing the use of P2P
 technology for movie distribution over the Internet. According to Eric
 Cansler, CFO of AtomFilms, revenues at the company jumped 1,200 percent last
 year.
     Alarmed by the exploding popularity of online movie distribution, the
 entertainment industry marshaled its forces. In 2000, The Motion Picture
 Association of America (MPAA) and others filed multi-billion dollar lawsuits
 against alleged companies for copyright infringement.  The MPAA confirms that
 the major studios plan to unveil movies on the Internet once they have content
 encryption, watermarking and digital rights management procedures in place. It
 is expected that most major studios will be online within four to six months
 and have been testing various business models around the country.
     eCFO will also be published in September and December and is complemented
 by the eCFO website (http://www.ecfonet.com).  The website includes top
 stories from the publication as well as exclusive online stories on the
 hottest eBusiness trends in finance.
     CFO is published by CFO Publishing and is a member of The Economist Group.
 With a rate base of 450,000 and a readership of more than one million each
 month, CFO reaches the highest ranking financial executives of the largest
 companies in America.  CFO is also published worldwide, covering the global
 market with CFO Europe and CFO Asia.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X26770409
 
 SOURCE  eCFO