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Record Labels Unveil Greed 2.0

Posted by Zonk on from the pac-man-like-action dept.

theodp writes "Unsatisfied with $2.49 ringtones and as much as 70 cents of each 99 cent iTunes download, Newsweek reports that record labels want a bigger cut of digital music profits. One example: If you type in 'Madonna' - a Warner act - at the Google Video site, and the results are accompanied by ads, Warner wants a share of those ad dollars." Even more ridiculous demands than those put forth in previous stories.

2 of 571 comments (clear)

  1. In other news by Crashmarik · · Score: 0, Redundant

    Sun rises in the east, water is still wet.

    Seriously did anyone think that an industry that starts by screwing their own wouldn't also be out to screw everyone else ?

    Take a look at how the industry has operated in the past. If reality doesn't suit it bribe legislators write laws that make reality more amenable. If even otherwise law abiding people recoil at these self serving pieces of legislation, then start suing your customers. If your customers have the temerity to fight back step up the lawsuits.

    The only element of interest or doubt in this story is when they will bring in thei captive legislators to write laws that make things go their way.

  2. Re:there isn't one shareholder of google by RLiegh · · Score: 0, Redundant
    And any shareholder can have an opinion on what is the best way to run a company. Some hold a very long term view, that by consistently "doing no evil", the company will last a long time and be even more profitable than doing everything they can to maximize profits in the "this quarter" mentality that so many other corporations have.

    In theory, there's no difference between theory and practice.
    In practice, there is.