Music Industry Threatens to Pull Plug on Apple

bacterial_pus writes "First the music industry wanted more money, by changing Apple's 99 cents per song policy. Now one exec is threatening to pull the plug on Apple if Steve Jobs doesn't change the iTunes Music Store pricing." From the article: "Nash's comments echoes those made last week by Warner CEO Edgar Bronfman, who called for Apple to adopt variable pricing and share out revenues from iPod sales. The record companies' position is based on the dubious argument that digital downloads sell iPods. In fact all the evidence points to the opposite: that iPod sales have driven demand for downloads. The vast majority of digital music sales are made by iPod owners. Cut off Apple and the labels digital sales will slump." More recently Jobs resisted their pressure, and the execs snarked back. Looks like they're getting more serious.

Comments

The arrogance is sickening

[chia_monkey]

The arrogance of the music industry is just plain sickening. I'm coming at it from so many different angles. I've got loads of friends in bands, technology, law, and business. The labels will rape the poor artists blind if they don't have a good lawyer. The fact the artist barely sees any money from a CD sale is sad. Then you've got the RIAA who is still stuck in the Bronze Age, dragging their clubs around thinking they can do business now as they have in the past. If they don't see what they like, they sue instead of changing their business practices.

I almost want the labels to pull out. I want their arrogant plan to blow up in their face as they watch iPod owners burn the CDs they already own and purchase less music online. You know piracy will go up again and the labels will see 0% profit as opposed to the hundreds of thousands they've made BECAUSE of Apple and iPod sales. As Red from "That 70's Show" so eloquently states..."dumbasses".