Warner suggests sharing iPod revenue stream

Warner Music Group CEO Edgar Bronfman responded angrily to Steve Job's comments last week about "greedy" record labels by suggesting that they should get a share in the iPod revenue.

Bronfman argued that some songs should cost more, and some less. These days it's common for an iTunes music store user to pay only for the songs they want, rather than the 'old' idea of paying for the whole album. This creates a whole array of 'problems' for the music labels who have seen an obvious a dip in revenue.

The easy solution is to have artists create CD's containing only hits, or you could do what Edgar at Warner does, and demand a share of profits in the device that has kept the cost of new music down, which we think won't happen.

View: Article @ engadget

View: iTunes Music Store

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