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Universal looks to share iPod profits

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.




by MacNN Staff

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  1. bobolicious

    Joined: Dec 1969

    0

    Another reason to buy CDs

    ...and keep the digital wolves at bay - too much big brother for me... I hope Apple just says no...

  1. kerryb

    Joined: Dec 1969

    0

    Microsoft's secret weapon

    Maybe M$ gave a "Zune dollar" away to undermine Apple's contracts with the tyrants of the music industry. It's hard to say no to one greedy child that gets a big piece of pie from someone else. Hopefully Apple will say get lost and find a better way of making a dollar, for example creating something that someone wants.

  1. legacyb4

    Joined: Dec 1969

    0

    Unbelievable greed...

    but what's new? Imagine if the gas companies tried to apply a "fee" for every car sold on the market?

  1. t6hawk

    Joined: Dec 1969

    0

    ...

    The labels are pigs. Incredibly greedy ones at that. It's not like they are hurting for money. h*** they should be happy they are selling so many tracks online.

  1. jstephe

    Joined: Dec 1969

    0

    I would neotiat

    Tell them that they will get $1 for every iPOD and nothing on the sale of music on iTunes seeing as no one buys music for there iPODs anyway, they should not have a problem with that ;-)

  1. jstephe

    Joined: Dec 1969

    0

    sorry thats negotiate

    negotiate

  1. boomer0127

    Joined: Dec 1969

    0

    s**** them!

    Apple should tell them status quo - and if they threaten to pull out, let them! Apple should send out an email to the subscribing masses explaining which of their favorite artists are no longer available on iTunes then give alternative acts that sound similar from other labels. And when you search for those bands n the iTMS, have "similar" bands from other labels appear under an apology for the greedy label in question.

    How greedy can these a$$holes get? INSANE!

  1. ethical_paul

    Joined: Dec 1969

    0

    Hah ha, no way

    I predict steve would take down the ITMS before he would let those idiots have a share of his iPod profits, and he should.

  1. devospice

    Joined: Dec 1969

    0

    This should be amusing.

    I would love to be a fly on the wall during that negotiation. No way Steve is going to go for that.

  1. climacs

    Joined: Dec 1969

    0

    you knew that was coming

    when you heard MS was paying them a buck for each of the Zunes they sell (that will amount to, what, 28 bucks?)

    If Universal wanted to share in the profitability of iPods, they should have bought AAPL stock. It could have been had for under $60 a share just a couple months ago!

    I feel SO justified in pirating music after reading this.

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