Technegros

The record industry still trying to suck more money

Warner Music Group wants a cut of the cash Google and others would get from selling ads next to search results for its artists. Still sucking more blood this Halloween season Universal Music Group has clashed with Yahoo over compensation for videos and pulled its videos from the site until Yahoo relented. One Universal Music exec estimates revenue from the new agreement to be worth $10 million or more to the company. Warner Music is now trying to extend the concept to the emerging video-search business. While this is all well and good the music industry is in a serious slump and if they keep trying to block the progress of technology they will continue to lose out. If the artist made better music and the record industry went all digital they could save a lot of money and start making money again. Gone are the hey days when labels had money to spend on lavish parties and promotionals. The music industry still has not woken up in this digital age.

posted by Sneaker15 @ 2:17 AM