updated 09:00 am EST, Wed November 29, 2006
Universal looks to iPod
The enormous success of Apple's iPod is now the eye of much of the industry, including those who hope to gain a share of the profits produced by the popular media player. Music industry heavyweight Universal said it would try to negotiate a share of the profits during the next round of negotiations in early 2007, according to Reuters. Universal Music Group Chief Executive Doug Morris said on Tuesday he may try to secure an iPod royalty fee with Apple Computer Inc. in the next round of negotiations in early 2007. Universal, the world's largest music company, already receives a fee for every Zune player sold and was the first major record label to strike an agreement with Microsoft. "It would be a nice idea. We have a negotiation coming up not too far. I don't see why we wouldn't do that... but maybe not in the same way," he told the Reuters Media Summit, when asked if Universal would negotiate a royalty fee for the iPod that would be similar to Microsoft's Zune.