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Advertising is expected to play a larger role as a revenue source for iPhone application developers as users become less willing to pay for the applications themselves.

Feb. 4 (Bloomberg) -- Comcast Corp.'s proposed takeover of NBC Universal would test the future of free, over-the-air television, U.S. Representative Henry Waxman said as Congress began considering the deal. "Many are concerned that this transaction could result in the best of NBC's programming being transitioned to a pay-TV service," Waxman, a California Democrat and chairman of the House Energy and Commerce Committee, said today.

"Few broadcasters are likely to bite. As a group, TV stations have already spent more than $15 billion to make the transition to digital TV. Stations are just now beginning to monetize their new digital spectrum, which allows the broadcast of multiple channels."

COO John Schappert says digital revenue will still be tied to shiny discs for years to come, expresses regret that Modern Warfare 2 developers will be spending time making court cases instead of games.

"The details as to how the FCC plans to go from having 50 MHz available for mobile broadband today to 500 MHz in 10 years will result in a pretty big legislative battle as the FCC tries to nab broadcaster spectrum and incumbents and tech firms position to own large chunks of those valuable airwaves."

Film industry is concerned that a gambling site will cause anxiety within the industry and demonstrate the guessing game that is box office statistics.