Niklas Zennstrom, co-founder of file-sharing service Kazaa, as well as Skype, the free VoIP company bought last year by eBay for $2.6 billion, is looking to smash the business model of another established industry: TV. The idea behind the "The Venice Project," as the new venture is known, is to harness the power of peer-to-peer computer technology, to allow video content producers to obviate stations, networks, cable systems and even video hosting sites to distribute content directly to end users.
Online retailers are expecting a 20% increase in Web sales compared to last year, with analysts saying these retailers could emerge with greater profits this holiday season, thanks to their increasing marketing savvy.
With beer sales trending flat, Anheuser-Busch is looking to shore up its share of the Latino market by increasing its spending in Hispanic media by 66% in 2006. The increase will bring Anheuser's Hispanic advertising budget in line with that of rival SABMiller.
Hoping to tap into Hispanics' growing use of the Internet, Luis Brandwyn -- a Colombian now living in the U.S. -- launched a Web radio station that plays Latino music. About 1.2 million Americans now routinely log on to batanga.com, according to the founder.