“The gloves are off in the battle between Apple CEO Steve Jobs and the music industry over the price of downloaded songs,” Red Herring reports. “On Thursday, one of the music industry’s highest-profile executives responded publicly to Mr. Jobs’ charges, made earlier in the week, that they were ‘greedy’ when they requested a price hike for downloaded songs.”

Red Herring reports, “At an investors’ conference in New York, Warner Music Group CEO Edgar Bronfman Jr. said the price of downloaded songs should vary depending on the popularity of the songs and the artists. He called Apple’s across-the-board $0.99-per-song charge 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.'”

Red Herring reports, “Mr. Bronfman’s remarks came in response to Mr. Jobs’ statement on Tuesday blasting the music industry for pushing for an increase in the price of downloaded music, saying their demands, if met, would serve to encourage piracy, which has eaten into the industry’s profits. ‘We are selling our songs through iPod, but we don’t have a share of iPod’s revenue,’ he said. ‘We want to share in those revenue streams. We have to get out of the mindset that our content has promotional value only. We have to keep thinking how we are going to monetize our product for our shareholders,’ added Mr. Bronfman. ‘We are the arms supplier in the device wars between Samsung, Sony, Apple, and others.'”

Full article here.

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