Edgar Bronfman Vows To Fight UMG-EMI Merger 'Tooth And Nail'
Feels Apple Got The Better Of Labels With iTunes
February 1, 2012 at 3:49 AM (PT)
YESTERDAY (1/31) may have been EDGAR BRONFMAN JR.'s final day as WARNER MUSIC GROUP Chairman (NET NEWS 12/5/11), but he used the occasion to say he would fight UNIVERSAL's proposed $1.9-billion bid to acquire the recorded music division of EMI "tooth and nail." REUTERS reports "BRONFMAN, who sold the WARNER MUSIC GROUP to Russian-born billionaire LEN BLAVATNIK in 2011, told ALL THINGS DIGITAL's PETER KAFKA at the 'Dive Into Media Conference' that the merger would create a market-killing 'super major'."
It's dangerous, problematic and has to be stopped.
"It's dangerous, problematic and has to be stopped," BRONFMAN said. "WARNER will fight it tooth and nail."
With UNIVERSAL controlling close to 40% of the market after the merger, BRONFMAN added the deal would "determine the future of not only the recorded music industry but any kind of digital music industry as well. Not only that, but the artists and cultural diversity would suffer."
In addition to BRONFMAN, IMPALA, the consortium of independent European music labels, voiced its objection to the deal when it was reached in NOVEMBER (NET NEWS 11/8/11).
Bronfman Also Comments On Apple
Also during the "Dive Into Media Conference," BRONFMAN touched upon his feelings about STEVE JOBS and APPLE.
“APPLE from day one believed in music and content,” BRONFMAN said. “That was the good news. The bad news is that they decided all songs were created equal, and I fought STEVE on that. … Ultimately, APPLE got the better part of that deal. Ultimately, I wish we’d gotten more pricing flexibility.”
See a video of his comments on ALL THINGS DIGITAL.