Hollywood finally lifted the curtain on the Internet Age Thursday afternoon, when online retail giant Amazon.com opened a store that sells digital movies consumers can download onto their computers. And on Tuesday, Apple Computer is expected to follow suit with its own online movie store.
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When Adobe Chief Executive Bruce Chizen picked up Flash developer Macromedia (nasdaq: MACR – news – people ) for $3.4 billion in stock last year, its latest version–Flash 8–was just launching. The update pledged much-higher-quality video than previous editions, thanks to a new movie-compression method from a small company called On2. What followed was a deluge of interest, pushing Flash ahead of video-streaming pioneers RealNetworks (nasdaq: RNWK – news – people ) and QuickTime-developer Apple Computer (nasdaq: AAPL – news – people ).
Does it mean Flash has a head start in the growing online video market, which is estimated to be a US $1.7 billion by 2010. Forbesonline has more on Adobe’s new acquisition–Flash.
And I thought to myself, If ever a child anywhere in the world leans over to their daddy during one of my movies and asks, “How many letters are in my name?” I’ll quit.
John Lasster is still up there as his customers never get a chance to waver during his movies. They are enthralled and happy and so is John Lasseter, in what he likes doing the best, extending the frontiers of computer animation.
Life comes a full circle for John Lasseter at Disney, who once got fired by the same company. After creating several path breaking blockbusters that grossed over US$3 billion, he is back at Disney to a rousing welcome.
John Lassester recounts his fascinating story to Brent Schlender of Fortune.