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Sweeting TO INVITE OR FIGHT.(Paul Sweeting, Vivendi Universal)(Brief Article)

Video Business, May, 2001

The expertise needed to create compelling online movie services is likely to develop outside the control of the studios. Gotta hand it to Vivendi-Universal. Having sued MP3.com to within an inch of its life, helping to knock down its stock price from almost $70 to less than $3, it's now scooping up the rubble for $5 a share.

Who says old media companies don't understand the new economy? With last week's announcement that Vivendi would acquire MP3.com for roughly $350 million, the twin scourges of the commercial record business--MP3.com and Napster--are now firmly under corporate control. Earlier, Bertelsmann struck an alliance with Napster after the record labels routed the file-sharing service in court. Among the conspiracy-minded, in...

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