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From: Aiden A.
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The technology sector is vast, comprising gadget makers, software developers, wireless providers, streaming services, semiconductor companies, and cloud computing providers, to name a few. Any company that sells a product or service heavily infused with technology likely belongs to the tech sector. Software companies are increasingly moving to a software-as-a-service model , wherein customers buy a subscription to a program instead of a one-time license. This generates recurring revenue for the software company. Powering all that hardware are semiconductor chips.
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MGM, which put itself up for sale in December, is one of the few Hollywood studios with evergreen, must-watch franchises not to have been snapped up in the recent wave of huge mergers and acquisitions in the media industry. The studio has explored a sale several times over the last few years. In January last year it held preliminary talks with Netflix and Apple, among others, but price proved to be a stumbling block. However, the streaming wars continue to fuel huge inflation in the prices willing to be paid for premium content with the guaranteed ability to attract millions of viewers. Proven global franchises are becoming increasingly scarce and, as a result, rocketing in value.
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Apple could soon be going to court in the US over the 'Buy' button in its iTunes store as it potentially misleads consumers into believing they actually own the digital items they've purchased. As first reported by The Hollywood Reporter , the iPhone maker could be facing a putative class action lawsuit in Sacramento, California unless the case gets dismissed or settled out of court. In an order in response to Apple's motion to dismiss, U. District Court Judge John Mendez provided further insight on why using the term 'buy' could be misleading, saying:.
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