Report: EMI, Online Music Retailers Cease Copyright Talks
February 23, 2007 at 12:10 PM (PT)
EMI GROUP PLC and online music sellers including MICROSOFT, APPLE, REALNETWORKS, YAHOO and AMAZON.com halted talks aimed at removing digital rights management protection from songs because they couldn't agree on the size of an advance payment, sourced close to the situation tell BLOOMBERG.
EMI reportedly demanded an upfront payment to compensate for its risk in releasing the music without software that prevents copying, while the retailers countered with a lower offer that EMI rejected. None of the parties would comment to BLOOMBERG.
Meanwhile, the NEW YORK POST is reporting today that private equity firms APOLLO MANAGEMENT and PERMIRA have resurfaced as potential suitors for EMI.