Internet tycoon Mark Cuban has little faith in internet video

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Sam Hall @ Mar 31st 2008 11:35PM

When will people stop listening to this guy?

http://news.zdnet.com/2100-9595_22-514014.html
Mar 15, 1999 12:00:00 AM
AUSTIN, Texas -- Just as MP3 was getting off the ground, the Internet music format is dead, or nearly so.

That, at least, was the pronouncement of Mark Cuban, president of online multimedia aggregation site Broadcast.com (NASDAQ:BCST), at the opening of the South by Southwest Interactive Festival here Sunday.

"MP3 will die. I'm sure of that," Cuban said. "It will be absorbed by RealNetworks (Nasdaq:RNWK) or Microsoft (Nasdaq:MSFT), and it'll become just a notation... No one has the economic incentive to keep it alive."

Responding to the challenge that MP3 already has a strong culture around it, Cuban quipped, "Disco also used to have a strong culture." ...

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Sam Hall @ Mar 31st 2008 11:35PM

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