EMI wants more money, walks out of DRM talks
EMI, one of the world’s top music labels, has walked out of licensing talks with the world’s largest online music retailers. EMI faced off against the likes of Apple, Microsoft, Yahoo and RealNetworks and couldn’t agree on the size of an upfront payment in exchange for offering DRM-free music. According to Bloomberg news, EMI wanted substantially more money which would have been in addition to the individual song fees that it would have received from sales.
EMI hasn’t publicly talked about the meeting, but the company appeared to be close to a deal just a few weeks ago. One possible complication could have been Warner Music’s bid to buy EMI. Warner opposes DRM-free music sales.
Earlier in the month, Apple’s Steve Jobs started the anti-DRM craze by publishing an open letter to the music industry. In the letter, Jobs said that eliminating DRM would make things less complicated for the consumer and could eventually bring higher revenues to the music industry.
Related Article :
- Vonage says Verizon's patent suit is "frivolous"
- Adtron to offer 160 GB 2.5" flash drive
- 90% of emails could be spam by the end of the year
- PCI Express now in all PCs and x86 servers
- Ocarina of Time arrives on Wii Virtual Console
- iPhone commercial hits the red carpet during Oscar telecast
- BitTorrent to offer legal TV, movie downloads
- Marriott hotel rooms get gadget connectivity
- Japan working on payment via cell phone for Big Macs
- Symantec gives you everything including the security kitchen sink with Norton 360
- Sony ready to drop Blu-ray entry-level player to $600
- Pro golfer sues over Wikipedia vandalism
- Electronic Arts Riccitiello returns as CEO
- MacBook Pro Takes A Bullet For The Team, Still Works
- Apple TV Delayed Until Mid-March
- Vista to drive up DRAM prices in H2 07, PSC president says
- Chartered extends technology development agreement with IBM to 32nm
- Worldwide semiconductor assembly and testing revenues up 26% in 2006, says Gartner
