Internet - Good & Bad [CNN]

[Jim Choate]

Forwarded message:

>    June 12, 1997: 4:28 p.m. ET
>    
>    Time NEW YORK (CNNfn) - New technologies for video transmission over
>    the Internet, such as digital video discs (DVDs), represent remarkable
>    potential but also pose an inherent threat to global intellectual
>    property rights, one of the most powerful media executives in the
>    nation said.
>    [INLINE] The Net represents "promise and penalty," Frank Biondi,
>    chairman and chief executive of MCA's Universal Studios, told the
>    audience of the third annual Price Waterhouse media conference here.
>    [INLINE] "At some time, we'll be able to transmit video real-time"
>    over the World Wide Web through the use of technology such as DVDs,
>    Biondi said. However, to succeed, media companies increasingly need to
>    address two principle challenges: protecting intellectual property and
>    promoting the "brand," he added.
>    [INLINE] "By and large, encryption can be broken. That's pretty
>    scary," Biondi said.