«It redefines the business model between content owners and companies like Google,» he said. «We are making very good progress now with small, medium and large-scale studios.»
Google has also been in the rumor mill of late, as prominent tech blogs have been sparring over the nature of its clandestine talks with microblogging service Twitter. The latest rumors have Google and Microsoft both expressing interest in the startup's real-time search technology. For Google, that could entail an all-out acquisition, or, more likely, some form of technology-licensing partnership.
Schmidt said the company remains open to working with Twitter as it develops its business model, which Schmidt envisions as some form of tailored advertising system. Twitter has recently said it is toying with different revenue models it hopes to implement later this year.
Looking ahead, the search giant could be facing a copyright showdown with the news industry, if the recent saber-rattling of the Associated Press is to be believed. The AP recently announced its intention to pursue legal action against Web portals and aggregators that post content from the news cooperative and its member newspapers without paying licensing fees.
Google has a hosting agreement with the AP that Schmidt has said he hopes to continue, but there has been widespread speculation that AP will attempt to renegotiate as the newspaper industry struggles to squeeze more money out of the Web.
Google Launches $100M Venture Fund In an economy that has seen IPOs disappear, Google starts a venture fund.
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Why Cloud Computing Is the New Electrical Grid Author Nicholas Carr sees parallels between the power grid and cloud computing that presage big changes for IT.
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Intel Drags Chip Stocks Lower Intel sees a bottom in PC sales, but it's the rest of the stock market that benefits.
The stock market rebounded on Wednesday, but chip stocks were left behind on a mixed outlook from Intel (NASDAQ: INTC).
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Google, Tech Stocks Post Modest Gains Stocks had little to show for a day of rocky trading on Friday.
Google (NASDAQ: GOOG) and the stock market spent a lot of time going nowhere on Friday.
Google started the day lower after posting strong earnings and lower than expected sales and issuing a cautious outlook. The stock rallied 3% to its highs of the [...]
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