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Edgar Bronfman, Jr. is Chairman and Chief Executive Officer of Warner Music Group, one of the world’s major music companies and home to a collection of some of the best-known record labels in the music industry. Warner Music Group also includes Warner Music International, a leading company in national and international repertoire operating through 37 affiliates and numerous licensees in more than 50 countries, and Warner/Chappell Music, one of the world's leading music publishers, with a catalog of more than one million copyrights worldwide.
Warner Music has historically railed against Apple. Amidst many other complaints, the record label claims have been that music pricing at Apple's iTunes Store was unfair and have demanded that it be allowed to mark up newer songs at higher prices. Apple replies have been to say, "no way", and argue that part of the appeal of iTunes is its simplicity and consistent pricing.
Times seem to be changing! It appears that resisting customer demand for digital content has backfired for labels, it has led to more and more "illegal" downloads which have helped undermine CD and DVD sales. Which have cut major profits for the major labels!
Between 1990 and 2000, album sales had doubled, the fastest growth rate in the history of the industry. Half of the top-grossing 100 albums ever were sold during that decade. Sales fell 2.5 percent in 2001, 6.8 percent in 2002, and just kept dropping. By the end of 2005 album sales in the US had declined 20 percent from their 1999 peak. Major record labels, retail giants – had depended on huge, platinum hits. Technology hasn't just allowed fans to forget the cash register. It also offered massive, unprecedented choices in terms of what they could hear. File-sharing network has more songs than any music store could ever have.
Limitless choice that has been grasped in a very profound way by all not just rebellious teens!
Lately Edgar Bronfman Jr. has it seems nothing but love but Apple -- regardless of what he might have said about iTunes' "indecent" pricing model in the past.
"Apple's done a phenomenal job. What's remarkable is that nobody else has managed to pull this off, Nobody else has come up with a sexy device that hooks them up with a music service . . . Here we are five years after the iPod was released and there isn't a competitive device in the marketplace. There's a reason for that. They're very good at what they do." said Bronfman, while speaking in San Francisco at the Web 2.0 Summit that took place November 5-7th 2008.
The question was asked of Edgar Bronfman and Chris DeWolfe, MySpace CEO MySpace Music, the digital music startup, if they would consider releasing a device, neither ruled it out.
"It's possible," said DeWolfe. "Right now we're just focusing on the service. And the discovery tools."
This year's top-selling album has moved an anemic 2.5 million copies, "Lil Wayne's "Tha Carter III". While more than two months remain in '08, it's hugely unlikely that Wayne will pick up the extra 1.1 million cash-register rings he'd need to beat the top seller of '07: Josh Groban's "Noel," which topped 3.6 million platters. Nor will he come near the peaks of '06 "High School Musical 2" at 3.7 mil or '05 Mariah Carey's "The Adventures of Mimi" at 5 million.
With a steady downturn in total sales for the top five albums in each year of this decade, ranging from a high of 22.3 million in 2001 to an '08 figure that will struggle to reach 10 million.It seems the music industry giants are still in search of the future in the new digital world there deals behind conference room doors have one interest finding ways for them to continue creating profits, that seem to disregard the artists. XianReview.com will continue to help build community that will help artists to grow and connect with new fans daily.
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