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Microsoft, Time Warner AOL join forces to bolster online digital media | |
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| Time: 18:04 EST/23:04 GMT | News Source: EETimes | Posted By: Brian Kvalheim | ||
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SAN MATEO, Calif. — In a broad agreement announced Thursday (May 29), Microsoft Corp. and Time Warner AOL essentially decided to bury the hatchet on their browser and online services wars of the past to focus on breaking the logjam holding back digital music and movies on the Internet. Microsoft will pay Time Warner AOL $750 million to settle an outstanding antitrust suit brought by Time Warner's Netscape division. In turn, Microsoft has granted the content provider a license to its Windows Media 9 technology and its next-generation digital rights management software. | ||
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