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Friday, April 11, 2003
Apple to buy Universal Music
Zowie. As BoingBoing said, "holy crap."
In a pairing that would alter the architecture of the music business, Apple Computer Inc. is in talks with Vivendi Universal to buy Universal Music Group, the world's largest record company, for as much as $6 billion, sources said. Such a seemingly unlikely combination would instantly make technology guru Steve Jobs, Apple's co-founder and chief executive, the most powerful player in the record industry. Universal, which reaps about $6 billion in sales annually from artists such as 50 Cent, Shania Twain, U2 and Luciano Pavarotti, would be controlled by a maverick who revolutionized the computer market and coined the mantra "rip, mix, burn," which many in the music business read as an invitation to electronic piracy. [LA Times Link]
posted by jeremy at 10:20 AM
I believe Holy Shit!!! would be more appropriate.
I have always said that if someone huge in the music biz ever decided to make a go of downloadable music, it would change the way the world works. This might be the guy and the time.
posted by: jack on April 11, 2003 3:43 PM
all I gotta say is what I've been saying all along: make the downloading EASY and make it CHEAP. who's gonna think twice about a 50-cent song? nobody. who's gonna think twice about a dollar or dollar-fifty song? everybody. OR make each song about a buck, but make an entire album about $8.00 and I tell you that I'll be spending a lot more money on music. a LOT more. somebody needs to do it, Jobs could be the one.
posted by: jeremy w on April 12, 2003 1:47 AM
This is awsome..the music industire needs to get shaken up.... they are the cause of their own demise. The fear of Piracy has made them so paranoid that they arn't looking at what the future of music should and will be.
posted by: bill on April 12, 2003 8:47 AM
