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What began as a seemingly random collection of songs became a classic animated movie. Yellow Submarine was recently remastered and reissued on DVD and CD, and has now become the latest in a string of virtual-reality theme-park rides: Beatles fans visiting Berlin's Potsdamer Platz can travel through Pepperland at The Beatles' Yellow Submarine Adventure.

Where Sony goes, the electronics industry follows. And Sony is going on the Internet—not merely with product information and links to dealers, but with sales direct to consumers. The announcement was made late in January by Sony Electronics president Teruaki Aoki. "We cannot neglect the customers' viewpoint," Aoki said, acknowledging that serving consumers is a higher priority for the electronics giant than protecting dealers.

Last week, Tweeter Home Entertainment Group announced that it has reached an agreement in principle to acquire United Audio Centers, located in the Chicago, Illinois area. United Audio describes itself as a seven-store specialty consumer electronics retailer with annual sales of approximately $48 million, and says it has been in business in the Chicago market for over 40 years. The companies expect to complete the transaction on or about April 1, 2000, and note that the agreement in principle to acquire United Audio is subject to various terms and conditions, as well as to regulatory approval.

It's been no secret that leading British speaker brand Mission was up for sale—the situation had been spelled out last fall in the Annual Report of parent company NXT plc. NXT is busy pioneering its new flat-panel speaker technology, and shareholder interests were clearly not being well served by "carrying" for any length of time a box-speaker brand whose recent financial reports had been mostly in the red.

On January 17, we reported a new service by MP3.com in which it would store, on its site, digital copies of tunes purchased by music lovers for them to access from any location. Beverly Hills attorney Ken Hertz, who sometimes consults with MP3.com, said he would be "surprised if the recording industry didn't sue," despite glowing statements from MP3.com chief Michael Robertson about all the benefits and new sales the recording industry would enjoy from his venture into uncharted waters.

The buzz about digital audio downloads from the Internet would lead one to think that the only way we'll be buying music in the not-too-distant future is through the Web. But the reality this past holiday season looks quite different. Reuters is running stories saying that there was "No Santa for the Internet Music Industry," and record companies attempting to get online are having a tough time (see related item). MP3 for Dummies author Andy Rathbone states bluntly: "It [the digital music business] hasn't taken off as much as analysts expected," and EMI Records' Jay Alan Samit laments, "this year, over a billion songs were downloaded. None of our artists got paid."