Record Executive Confirms JOBS' Comment About "Greedy" Industry

(From ArsTechnica.com -- By Eric Bangeman)

APPLE CEO STEVE JOBS called the music industry "greedy" when it began pressuring APPLE to raise prices of individual tracks above the current 99¢ level at the ITUNES MUSIC STORE.

That didn't go over too well with some industry executives. WARNER MUSIC GROUP CEO EDGAR BRONFMAN, JR. all but confirmed it with his comments that flat-rate pricing was 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."

Bronfman seems to be jealous of APPLE's success. He commented that the record labels are selling their songs because of APPLE's innovation, but aren't getting a cut of the dough from APPLE's hardware sales.

Record Executive Confirms Jobs' Comment About "Greedy" Industry

Bill Smallfield, thanks for the post.