Warner Music Group CEO, Edgar Bronfman Jr., has fired back at Steve Jobs in response to the Apple CEO’s claim that having variable pricing for iTunes music would be ‘greedy.’ From the article: ‘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 … 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 … We are selling our songs through iPod, but we don’t have a share of iPod’s revenue … We want to share in those revenue streams. We have to get out of the mindset that our content has promotional value only.’
I think Mr. Seagram Jr. means that the record companies sell their music through the iTunes Music Store and that he wants a cut from ech iPod sold – yeah right! Within a short while this comment popped up:
Edgar Bronfman, Jr. does not know a lot of things. He inherited the Seagram fortune, sold its $9 Billion stock of Dupont to buy MCA, for the sole purpose of becoming a media mogul. He’s failed miserably. Here’s a great article about him on Slate [msn.com]. I especially like this quote, “Edgar Jr. has been designated the movie industry’s official idiot–a 42-year-old child who’s squandering his family (and his shareholders’) fortune on romantic Tinseltown fantasies.”
Don’t think he speaks for the entertainment industry; he’s an idiot even among those morons.
Ouch! And then this clever tongue in cheek comment:
I also suggest speakerwire be taxed per foot, since the longer the cables, the bigger the room and thus the more people can listen at the same time.