“Last quarter, Warner Music Group CEO Edgar Bronfman Jr scolded Apple for introducing variable track pricing too late and eagerly predicted a new wave of subscription digital music services ‘dwarving’ the iTunes Store on which labels depend so much,” Robert Andrews reports for paidContent.
“This quarter, he’s full of praise for Cupertino, ahead of what many anticipate will be the launch of just that kind of subscription service from Apple,” Andrews reports. “iTunes’ contribution to labels is now only growing significantly outside the U.S., but – after announcing six percent lower sales, Bronfman told analysts on WMG’s Q2 conference call: ‘The flight to iTunes and iPhone continues.’ Amongst the praise Bronfman heaped: ‘Apple has proved to be the most adept software and hardware manufacturer out there in delivering content to consumers in a seamless and very attractive consumer experience. No-one’s gotten very rich betting against Steve Jobs – and I don’t want to be the first to do it.'”
Andrews reports, “WMG recently benefitted from Apple’s acquisition of subscription web service Lala, in which WMG invested. But, when investment analysts finally got around to asking Bronfman whether Apple’s closing Lala suggests an upcoming subscription iTunes, Bronfman took careful, evasive action…”
Full article here.
MacDailyNews Take: Edgar was, is, and will likely always be cuckoo for coconuts.