new/digital media stories

1) Sony to pay staff staff $8m over 'The Interview' hack
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/digital-media/11944160/Sony-to-pay-staff-8m-over-The-Interview-hack.html

- sony reached a settlement with all employees and former employees to pay 8 million dollars.
- The money is to cover for any loses via the computer hacks.
- settlement was filed with the US district in Los Angeles.
- The agreement means that it will be $10,000 per person, $1000 each to cover id theft fraud protection services.
- Hackers that are associated with the name Guardians Of Peace hacked into sony computers.
- During the hack their main aim was to release a movie called 'The Interview' which is a movie based on north Korean president.
- They also released thousands of emails and documents in an attempt to leak the unreleased movie 'The Interview'.

I think that sony entertainment are right to cover for the loses of employees who word for the organisation. The reason for this is because Sony as an organisation should have the highest level of security as they are one of the largest media companies. Also the employees are not at fault as they just work there and are unaware of the security of the company.

2) Vinyl Sales have not overtaken music streaming revenues
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/11901346/No-vinyl-sales-have-not-overtaken-music-streaming-revenues.html

- A mid year report from Recording Industry Association of America saw results that said US consumers spent $226 million (£149m) on vinyl albums and singles in the first half of the year.
- This amount of money from vinyls surpassed ad supported streaming in which the figure was $162.7m.
- The 162.7 million dollars included paid for subscriptions such as spotify which charges £9.99 for the service.
- However the figure does not include revenue from Apple Music who joined the music streaming industry recently.
- Royalties from digital radio serves added a further $387.2m
- This meant that streaming services were 10 times more profitable for the music industry rather than vinyl sales.

I would expect this to happen as vinyls are a thing of the past in which many people bought years ago simply because there was no technological advances at the time. However todays world there is a much more effective way to purchase music. Music streaming has made listening to music much more easier and environmental friendly.