Vivendi: Apple Cut Of Digital Music Sales 'Indecent'
September 24, 2007 at 2:08 PM (PT)
VIVENDI Chief Executive JEAN-BERNARD LEVY made no new friends in CUPERTINO, CA, home of APPLE, when he told a group of French reporters earlier today that "The split between APPLE and (music) producers is indecent ... Our contracts give too good a share to APPLE."
The current contract gives the labels/publishers .70 Euro (99 cents) out of the retail price of 99 Euros. LEVY also lobbied for "a differentiated price system" which would enable labels to charge more for new releases, and less for catalog.
LEVI did note that APPLE wasn't the only online retailer in its cross hairs. "We are in a phase during which many different actors are talking to each other," he said. "We are trying to put in place several projects to ensure that music is better remunerated ... We are not just talking to APPLE," he said.