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music business

Warner CEO: We Were Wrong

I think this is a good sign, can’t wait for their action to solve this problem.

A statement from Chairman and Chief Executive Officer of Warner Music Group Edgar Bronfman:

We used to fool ourselves…We used to think our content was perfect just exactly as it was. We expected our business would remain blissfully unaffected even as the world of interactivity, constant connection and file sharing was exploding. And of course we were wrong. How were we wrong? By standing still or moving at a glacial pace, we inadvertently went to war with consumers by denying them what they wanted and could otherwise find and as a result of course, consumers won.

Via Techcrunch.

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