updated 04:50 am EDT, Fri July 20, 2007
Sony CEO calls Jobs greedy
Sony Chairman and CEO Howard Stringer has described Apple chairman and CEO Steve Jobs as "greedy" according to a New York Post report. Stringer was part of a panel at the Allen & Co. media executive gathering, along with Barry Diller of IAC, Jeff Bezos of Amazon and Sergey Brin of Google. Stringer reportedly quipped: "It's funny that Jobs accuses record companies of greed because they want to get paid for music downloads," adding that Job is the "greedy" one because he wants a world where "only he makes money." The Post reports that Moderator Anderson Cooper suddenly changed the subject, but Barry Diller of IAC pointed out the comment, at which point the Sony CEO backed off with a political response.
In February, Steve Jobs in a letter to the world at large openly embraced DRM-free music, but said Apple cannot remove digital rights management (DRM) protection until the big four record labels agree. "The music companies sell the vast majority of their music DRM-free, and show no signs of changing this behavior, since the overwhelming majority of their revenues depend on selling CDs which must play in CD players that support no DRM system," Jobs said at the time.