Inside Facebook’s Next Billion Dollar Business

Facebook’s road to becoming a $100 billion company is to infect every sector of the internet with its social graph, letting other companies build and expand their business on top of it and taking a toll in exchange for that.

Facebook is now number one in display advertising, which is a $2 billion business for them.

Facebook is the enabler of social games, which is now a multibillion dollar industry, and takes a cut through advertising and credits.

Facebook is staffing up and partnering with Amazon to drive commerce through Facebook.

But the next big endeavor is music, Giga Om says in a report revealing Facebook’s upcoming big social music service.

Here’s how it will look, according to Giga Om: your Facebook homepage will include a Music tab leading to a Music Dashboard where you will be able to listen to music and see what music your friends are listening to.

Facebook will partner with Spotify but also other services to provide the service. There have long been talks of some kind of big partnership between Spotify and Facebook when it launches in the US, but it seems that it’s only a small part of a much broader endeavor to build a huge social music service.

The goal is to do for music what it did for games: use its social graph to help Facebook users discover music and help music startups get users.

At eG8 Forum, Mark Zuckerberg said he thought the next industry to get disrupted by social, after games, would be music, and then movies.

It’s not clear if and how Facebook can make money directly from music. Facebook can take a 30% cut off social games because virtual goods have zero marginal costs. By contrast songs streamed over the internet (at least legally) have high licensing costs; indeed, most internet streaming businesses have unprofitable unit economics. It doesn’t seem likely that internet music startups can afford to pay yet another tollmaster.

However, a music dashboard would get Facebook users to stay on Facebook.com all through the day if that’s where they stream music from, and so they would see a lot more ads.

Also, it’s a nice swipe at Apple if their music service ends up rocking and being really good, given how undewhelming Apple’s own social music service Ping has been. The rivalry between Apple and Facebook is heating up in a big way with Apple integrating Twitter deeply into iOS and Facebook trying to bypass Apple’s app store with an app platform based on HTML5.

Read more: http://www.businessinsider.com/facebook-social-music-2011-6#ixzz1PuM8YvF5

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American Idol Season 11 Audition Schedule

American Idol, television’s No. 1 show, begins its 11th nationwide search for the best undiscovered talent in the country in St. Louis, MO on Tuesday, June 28. The search for the next singing superstar continues in Portland, OR, on Saturday, July 2; San Diego, CA, on Friday, July 8; Pittsburgh, PA, on Friday, July 15; Charleston, SC, on Friday, July 22; Denver, CO, on Friday, July 29; and Houston, TX, on Friday, Aug. 26.

American Idol auditions will be held as follows:

 

  • St. Louis, MO – Tuesday, June 28 – Scottrade Center

 

Portland, OR – Saturday, July 2 – Rose Garden

San Diego, CA – Friday, July 8 -Petco Park

Pittsburgh, PA – Friday, July 15 – Heinz Field

Charleston, SC – Friday, July 22 – North Charleston Coliseum

Denver, CO – Friday, July 29 – INVESCO Field at Mile High

Houston, TX – Friday, Aug. 26 – Reliant Park

Full details regarding the St. Louis auditions are below. Specific information on the subsequent audition cities will be announced shortly.

Disney Starts Work on another “Tron” Sequel

In the build-up to the last December’s release of Tron: Legacy, it was abundantly clear that Disney was hoping to kickstart a new franchise after the original Tron laid dormant for almost two solid decades.  Provided that the sequel performed up to par, director Joseph Kosinski seemed likely to return, along with screenwriters Edward Kitsis and Adam Horowitz.  After six months with little to no movement on another adventure in the Grid, Disney has hired a new writer, David DiGilio, to tackle a hypothetical third Tron film.

THR’s Heat Vision reports that Kitsis and Horowitz were unable to return for another round because of their commitment to the new ABC fantasy series Once Upon a Time, which the duo created and will executive produce.  Interestingly, DiGilio, the writer of the 2006 Paul Walker-sled dog film Eight Below and a graduate of Disney’s writers program, also just got involved in a television series of his own creation.  He recently sold a pitch for a postapocalyptic medical drama titled Last H.O.P.E.(Hospital on Planet Earth) to Showtime.

Tron: Legacy, which starred Jeff Bridges, Garrett Hedlund, and Olivia Wilde, grossed $400 million worldwide.  It was also hugely expensive to produce and market, meaning that the profit margin was thin.  As such, Disney has not yet committed to another entry in the series.  Apparently, the decision to go ahead with a David DiGilio-penned sequel will largely depend on the reception to Tron: Uprising, an animated series set to air on Disney XD next year.

That series, commissioned before Tron: Legacy‘s release, bridges the gap between the 1982 original and its 2010 predecessor.  It will feature the voices of Elijah Wood, Mandy Moore, Paul Reubens, and Bruce Boxleitner.  Kitsis and Horowitz are producing.

As for Joseph Kosinski, Disney recently let go of the director’s project Horizons, aka Oblivion, which he is currently developing it at Universal.  Tom Cruise set to star in the science fiction epic, with production scheduled to begin this Fall.  It’s unknown whether that means he would be unable to return to Tron, should a sequel actually come to pass.

Samuel L. Jackson Talks The Avengers Script Leak

It has been widely publicized that Samuel L. Jackson had his The Avengers shooting script stolen and latersold on the black market.

Today, Samuel L. Jackson has come forward to talk about how the theft actually occurred, and how he was scolded by Walt Disney and Marvel Studios for letting this happen.

This is what Samuel L. ackson had to say about the notorious incident.Samuel Jackson talks The Avengers script leak

“When they sent me the new version of the script, I was shooting a film in Toronto (Canada) and my assistant copied it from the email (and printed it) in the office somewhere. And by the time we got to Albuquerque someone had stolen the script out of the printer and put it online for sale. I didn’t know printers had memories. And apparently my assistant didn’t either. Marvel/Disney kind of got really upset about it. It caused a minor storm of investigation. They sent a team of investigators to Canada. They were trying to find (track down) the IP address of the person that put it online. It was crazy.”

No one has been arrested in the theft of Samuel L. Jackson‘s script. Neither Marvel nor Disney have ever made any official comments in regards to this infamous incident.

The Avengers comes to theaters May 4th, 2012 and stars Robert Downey Jr.Scarlett JohanssonChris EvansChris HemsworthSamuel L. JacksonDon CheadleClark GreggTom Hiddleston. The film is directed by Joss Whedon.

Tom Cruise New Look

By MIKE FLEMING | Friday June 17, 2011 @ 7:25pm PDTTags: Tom Cruise in Rock Of AgesTom Cruise Stacee Jaxx
Mike FlemingHere’s Tom Cruise in tats and gear as Stacee Jaxx, the 1980s rock star who’s a major player in Adam Shankman’s musical Rock Of Ages for New Line. Cruise belts out tunes like Bon Jovi’s “Wanted Dead Or Alive” as part of the cast that includes Alec Baldwin, Russell Brand, Mary J. Blige, Paul Giamatti, Malin Akerman, Bryan Cranston, Diego Boneta, and Julianne Hough:

 

 

Footloose Photo Featuring Kenny Wormald and Julianne Hough

A new photo has debuted from the Paramount Pictures remakeFootloose, which arrives in theaters nationwide on October 14. Click on the photo below, which features Kenny Wormald and Julianne Hough, to access our gallery. Read on below the photo for news on when the first trailer will debut.

 

Footloose Photo

 

The first Footloose trailer will debut on Tuesday, June 21, so be sure to check back then for the first look at footage from director Craig Brewer‘s dance remake.

Footloose comes to theaters October 14th, 2011 and stars Kenny WormaldJulianne HoughDennis Quaid,Miles TellerAndie MacDowell. The film is directed by Craig Brewer.

Disney Set Date for “The Lone Ranger”

Just a few months ago, it looked as though we might not be seeing director Gore Verbinski‘s The Lone Ranger until 2014, but Disney is moving ahead with the high-profile revival of the serialized western hero and his sidekick Tonto, played respectively by Armie Hammerand Johnny Depp.  According to Deadline, the House of Mickey has just set the film for release on December 21, 2012.

 

The Lone Ranger is a reunion between Depp and Verbinski, who previously made hay with the first three films in the Pirates of the Caribbean  franchise.  Though Verbinski did not to return for this summer’s Pirates of the Caribbean: On Stranger Tides, he did work with Depp on the animated western Rango.  Also on board from the Pirates franchise is uber-producer Jerry Bruckheimer.  The screenplay is written by Justin Haythe, who previously contributed to The Clearing, and adaptedRevolutionary Road.

Since their first appearance on a serialized radio adventure in 1933 and continuing through media including television, film, and pulp novels, the Commanche Tonto has been the reliable sidekick of the heroic Texas Ranger, but this new version will give Johnny Depp‘s Tonto a more central role, rather than simply supporting Armie Hammer.  Verbinski and Depp have both previously commented that the film will have a new spin on the established dynamic, with Verbinski asserting that it is thematically inspired by “Don Quixote.”

The December 21, 2012 date is just one week after the December 14th debut of The Hobbit: An Unexpected Journey, the first half of director Peter Jackson‘s adaptation of the Lord of the Rings prequel.  The Lone Ranger‘s release is currently shared by Phillip Noyce‘s submarine thriller Hunter-Killer and Life of PiAng Lee‘s take on the novel by Yann Martel.