Quantcast
Wingate said that the sale of Liquid patents to Microsoft will also be advantageous in that defending intellectual property requires a considerable war chest of cash as well as time—Microsoft, he adds, has plenty of both.
LIQUID AUDIO TO SELL PATENTS TO MICROSOFT
Copy-Protection Tech Could Help Redmond Control Cloning of Bill Gates
Liquid Audio has cut a deal to sell patents for the digital encoding of music—including digital-rights management and file-transfer tech—to Microsoft for $7 million.

With the completion of the pact, Liquid hopes to see SEC approval of its planned merger with Alliance (see story, 6/13). The digital music entity will then focus on distribution.

VP of Content Development and Label Relations Dick Wingate promises several "major, new, non-traditional affiliates" will be announced when Liquid rolls out its previously promised trove of Universal Music Group content.

While an SEC nod isn’t a given, Wingate believes it’s close. "We’re still awaiting formal approval," he says. "We’re not at the top of the SEC’s list."

Wingate adds that the sale of Liquid patents to Microsoft will also be advantageous in that defending intellectual property requires a considerable war chest of cash as well as time—Microsoft, he adds, has plenty of both.

Liquid will retain a royalty-free license for the tech covered by the patents.

A group of arbitrageurs—including some former executives from rival netcos—recently attempted to gain control of Liquid’s board, hoping to force the company to shut down and sell its assets. The upstarts purchased a large quantity of Liquid stock at its lowest ebb and hoped to profit from the sale. Their machinations frequently involved public statements about the imperiled future of the company.

Though they failed to win a majority of the board, they retain a presence there.

MAYBE, JUST MAYBE: "GO" TIME
The genesis of an anti-format hit (9/24a)
PMRC: WHO'S RUNNING THIS SHOW?
A trade news monopoly grows. (9/25a)
INGROOVES DEVELOPS AI TECH FOR MARKETING
A patent to identify audiences. (9/24a)
A NEW AGENCY IS MINT-ED
There's always room for one more. (9/22a)
SPOTIFY LEADS APP FAIRNESS ORG
David vs. Goliath, app-style. (9/24a)
GRAMMY TALK
We're full of it.
AFRICAN POP
Getting global with it.
IT'S PRETTY SMOKY
And this time it's not from our bong.
WHAT COMES AFTER TIKTOK?
Shorter videos! Weirder trends!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)