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For six years, the Internet Nexus served as my technology blog, but I've since started
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Friday, September 23, 2005
Bronfman Fires Back at Apple
The gloves are off in the battle between Apple CEO Steve Jobs and the music industry over the price of downloaded songs.To quote a friend of mine, he makes a good point. Also, his comments about the music industry not participating in iPod revenues is very interesting. Unlike many topics, this is actually an interesting debate.
[ Posted at 2:51 PM | Permalink ]
On Thursday, one of the music industry’s highest-profile executives responded publicly to Mr. Jobs’ charges, made earlier in the week, that they were “greedy” when they requested a price hike for downloaded songs.
At an investors’ conference in New York, Warner Music Group CEO Edgar Bronfman Jr. said the price of downloaded songs should vary depending on the popularity of the songs and the artists. He called Apple’s across-the-board $0.99-per-song charge unfair.
“There’s no content that I know of that does not have variable pricing,” said Mr. Bronfman at the Goldman Sachs Communacopia investor conference. “Not all songs are created equal—not all time periods are created equal. We want, and will insist upon having, variable pricing.”
Mr. Bronfman’s remarks came in response to Mr. Jobs’ statement on Tuesday blasting the music industry for pushing for an increase in the price of downloaded music, saying their demands, if met, would serve to encourage piracy, which has eaten into the industry’s profits.
“To have only one price point is not fair to our artists, and I dare say not appropriate to consumers. The market should decide, not a single retailer,” said Mr. Bronfman. “Some songs should be $0.99 and some songs should be more. I don’t want to give anyone the impression that $0.99 is a thing of the past.”