The sun always seems to shine in Sun Valley, a pristine mountain resort in Idaho, when the top brass from media and technology companies convene every July for a deep-think retreat hosted by the investment banker Herbert Allen.
Conveniently, many of the power players who control major Internet and technology companies will also be on hand at Sun Valley to discuss strategies for the future of distributing video, music, text and other content through the Internet, Web-enabled cell phones and other digital means.
The attendees are among the most powerful figures in media: News Corp. Chairman Rupert Murdoch, who is in advanced talks to buy Dow Jones & Co.; Time Warner Inc.
Also in attendance will be Janus Friis who used to be reviled by record labels for helping to create Kazaa, a music file-swapping service, but he’s back on the good side of Big Media with a new venture called Joost, which delivers video over the Internet onto PCs legally.
Owen Van Natta, the chief operating officer of Facebook, one of the hottest Internet properties around will be there also. Facebook is a leader in the big trend of social networking, which allows people to post profiles, share content and interact with friends over the Internet.
[Via foxnews]