23 April 2012

This article is about a man named Peter Chernin who has invested $200 million dollars in a Providence Equity partnership. This investment is being used in media and technology companies. Chernin has teamed up with an Asia-based media investment company and several strategic investments in the U.S based technology. Chernin hopes to support “the growth of innovation media and entertainment companies.” As Chernin stated their goal is to “build a global, diversified media company that leverages the key areas of value and growth in the world today.”

                I chose this article because the title seemed interesting. When I first clicked on the article and read the first couple of sentences I was kind of interested because I like looking at the facts of the business world. It’s about the entertainment world but without all the annoying information about the newest plastic surgery the Brittany got done. The article was about relevant information about the upcoming events of the entertainment world. If this project goes through we will be seeing a new world of movies. I think this article might be interesting to other people because it can give them some insight on what to expect in the future of the entertainment universe.

                After reading this article people will know about the investments of a producer named Peter Chernin, and how they may impact our society. If I were other people I would look up some of the productions that the article has on the bottom of the page (Rise of the Planet of the Apes, Oblivion, New Girl, ect). By watching some of these movies or TV shows you will be able to get a better understanding of Chernin’s work, and whether or not you should be excited about his new investment. If you are someone who doesn’t like the works listed on the bottom of the article you could look into what other investors are working with him, again to see if you should be excited about the upcoming events.

18 April 2012

“Napster Got Busted. Are You Next?” is an article about the new laws that are trying to be put into place to try and prevent illegal downloads of music and movies. The new protocol would allow internet providers to give out your name, address and phone numbers to the recording companies whose music you are illegally downloading. They have also created “Robots” which attach to files to see what you have been sharing or downloading. However these are not perfect. For one it attached to a file called Harry Potter, which was nothing more than a book report.

I think people should get in trouble for illegally downloading media because they are breaking the law. The people who make these albums or movies should get paid for their work and they won’t get fairly paid if people continuously are downloading them for free.  However, it is just a song or two, or maybe a movie. There are ways to get these things that aren’t illegal. For one, we could just listen to the music on YouTube and record it on our phones; however we take the effort to get the better version. I think that downloading music shows people that our generation is smart. We can figure out how to get the things we won’t without spending money, so parents should be thankful.

I don’t listen to a lot of music but when I do it is usually Pandora or YouTube. I don’t actually own a lot of music. If I was a musician I would not want people to download my music for free, however I know that it would happen and no matter how many laws or regulations they put into place there will always be someone to go around them. Musicians also make money from concerts, merchandise, selling their music to cites like Pandora and YouTube. In my opinion the government needs to lay off on this stuff. Sending “Robots” into our files online is just plain rude!

Jammie Thomas –Rassett has been ordered by the court to pay $1.5 million to the RIAA for 24 illegally downloaded songs. This is the 3^rd jury that has seen this case. Thomas-Rassett has stated that she kept fighting simply because she doesn’t have the money. Although the initial offer to drop the case was only $5,000 and more recently it was a donation of $25,000 to any music charity. The governments plan for the future is to stop pirated music for good, which I don’t think will ever happen. If someone who is a fan of pirated music read this, it would probably slow them down for a bit. However I don’t think it will stop them entirely. The people who illegally download their music don’t think that it’s a bad idea, so they would most likely just shrug it off and move on.

In the article Napster, they tells us about the new ways they are trying to stop the illegal downloads of music. For one, internet providers now have the right to give your name, address and phone number to the RIAA if expected of illegally downloading music. They are also allowed to attach “Robots” to the files that are exchanged over the internet to monitor what kinds of files are being shared. However these methods are flawed because not all internet providers are willing do to such things, and not all files that robots attach to are something important, they might just be a research paper for example. In the case of Jammie Thomas-Rassett, she was order to pay $1.5 million dollars for 24 illegally downloaded songs. Thomas-Rassett’s case has seen 3 juries and she still refused to pay thing absence amount of money, even though the first offer was to drop the case for just $5,000.

9 April 2012

Where do I see myself in 10 years? Well I am not exactly sure yet, but I do know some of it. For 1 I know I will have a degree in accounting by then from Stetson University. Second I would like to be moved out of my mom’s house, either by myself in an apartment or with a roommate. Last but not least I would like to be starting my career by then. My dream job is in an accounting firm making big choices like a CEO, but I know it is going to take me time to work up to that position. However I know that if I work really hard over the next 10 years I know that I would have made a great improvement of my life.

                My biggest goal I want to accomplish in the next 10 years is getting my degree in accounting. In the fall of 2012 I will be started my education at Stetson University. I will be majoring in accounting and having a minor in family business. I hope to be working while going to school so I have money saved up but I am not too thrilled on working while I am going to school. I believe that having these degrees will help me land any job I want in the future. Also I would really like to help my mom open up the business of her dreams and I know that I will have the right knowledge to teach her how to make it successful.

                10 years from now I really want to be moved out of my mom’s house. As much as I love my mom, and I know that it is a better financial decision to live with her while I go to school, I would love to have my own space. I know that it is very pricy to live on your own, and since I don’t want to have a boyfriend I will probably have a roommate. I know I still won’t have my own space; I will definitely have more space to myself. I really just want my own bathroom! I also like having independence and the ability to go and come as I please and I can’t do that at my mom’s like I would be able to do if I had my own apartment or house.

                In 10 years I would like to be starting my career as an accountant in a big firm. I would one day like to become a CEO of a large company or something of that sort but I know it will take time to reach that goal. I know that fresh out of collage I will be starting off my career as the “run it” girl. You know the girl who runs to get coffee or make copies. But I know that if I work really hard by the time I graduate from Stetson University I will be able to start down the path to my dream job, heck you never know maybe ill skip over a few steps on the way.

                So let’s recap, in the next 10 years there are at least 3 things I would like to have accomplished. The first one is graduating from Stetson University with my accounting degree. I have been dreaming of that for the last 4 years! My second goal is moving out of my mom’s house. I love her to death, but I need my own space away from her. My last goal to accomplish within the next 10 years, is starting my career in a big accounting firm. I would one day like to be the owner, or big investor, but being the “run it” girl in the beginning will help me in the long run.

2 April 2012

“Throwing in the Towel” is an article about the NBA and that changes it has made over the last couple of years. For example for the first time ever in the NBA the teams have no financial incentives to play better. Due to this change players like LeBron James, Dwyane Wade, Chris Bosh, and Amar’e Stoudamire have become independent agents. Another large change is the amount of income the NBA has. In 1989 there was a $400 million dollar revenue, now it is about $4 billon. However this hasn’t helped the team owners because the salaries of the players have increased as well. Going up to about 5.6 million a year from the $275,000 it was in 1989.

                The article says they are not trying because they really aren’t. Team owners are trading good players for bad ones so they can save up the money to eventually have one really good team. They are not trying to win, they are trying to stay afloat long enough to have at least 1 wonderful season. More and more teams are hesitant to spend money because they never know if it’s worth taking a chance. If the outcome is not certain they are more hesitant because they don’t want to lose money. I think the NBA should regulate salary prices. I don’t believe that a sports figure should get paid that much, I don’t care how good they are. The NBA should set a range of how much they can ask for and how much the team can spend in total on the salary of the players.

                The current day version of the NBA draft as started in 1987. The draft/lottery system was started to help make the teams more equal. It was suppose to allow players to be fair picks. The lottery portion selects the first 3 teams of the draft, then the remaining non-playoff teams selected in inverse order of their regular season record. This made it so that even the worst team gets at least 4^th choice. It works like this, the teams that made it to the play-offs get first pick, then the worst team of the season goes, then second worst then so on. Some find it unfair because the crappiest teams get to choose first, so if you are a fan of a really good team you come later in the game, possibly after all the good players have been bid on. So now that the bad teams have bid on them, you have to bid even more on them.

                The NFL does their draft the same way, the worst teams get first pick. NBA works in the same way as well. If the worst standing score is a tie between two teams then the previous year’s standings in the tie breaker. Apparently these ways of drafting inst as unfair as some people make it sound. If all of the major sports leagues are doing the same thing then they must find it to be the fairest way of drafting new players into the game. I suggest that if someone doesn’t like it then they don’t watch the sport because I don’t think it will change.