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Digital Economy

Alphabet CFO Ruth Porat named President and Chief Investment Officer with the brief to focus on engagement with policymakers

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Google parent company Alphabet has disclosed that its Chief Financial Officer Ruth Porat will assume the role of President and Chief Investment Officer of Alphabet and Google, effective on September 1.

In this newly created position, she will be responsible for Alphabet’s investments in its Other Bets portfolio, working closely with Alphabet and Google CEO Sundar Pichai, and the company’s investments in countries and communities around the world.

She will also "focus on engagement with ...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Digital Economy

Music licensing platform Songtradr has acquired online music store Bandcamp

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Music licensing platform and marketplace Songtradr has acquired online music store and community Bandcamp. In parallel, Bandcamp parent company Epic Games — producer of the game 'Fortnite' — is investing in Songtradr to support Bandcamp’s successful integration into Songtradr. Terms of the deals were not disclosed.

Epic Games is also exploring ways to partner with Songtradr to build an inventory of music where artists can opt in to have their music licensed for use in Epic’s ecosystem. Epic ...

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Copyright & Regulation

FCC starts process to re-establish ‘net neutrality rules’ for broadand providers

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"Net neutrality" is back on the agenda of the Federal Communications Commission in the US, four years after it was repelled by the previous administration.

Jessica Rosenworcel, Chairwoman of the FCC, has issued a proposal of a draft Notice of Proposed Rulemaking (NPRM) as the first step in reestablishing the FCC’s oversight over broadband and restoring “uniform nationwide ‘net neutrality’ rules, which would allow the FCC to protect internet openness and consumers, defend national security, ...

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Copyright & Regulation

FTC and 17 states file competition lawsuit against Amazon for dominant position

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The Federal Trade Commission (FTC) and 17 state attorneys general have sued Amazon.com, alleging that the online retail and technology company is "a monopolist that uses a set of interlocking anticompetitive and unfair strategies to illegally maintain its monopoly power."

The 172-page complaint focuses on what is described as Amazon’s "ongoing pattern of illegal conduct [which] blocks competition, allowing it to wield monopoly power to inflate prices, degrade quality, and stifle innovation f...

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