Jari Ketola
1 Feb 2001 13:04
While Bertelsmann feels that turning the Napster into a subscriber service will be profitable, AOL Time Warner doesn't see it the same way.
"We have had discussions with Bertelsmann, but we haven't seen a business model that puts the reality around that dream," Richard Parsons, AOL Time Warner's co-chief operating officer, said during a luncheon with reporters. AOL Time Warner owns Warner Music Group, one of the Big Five record labels.
Much of the negative attitude comes from the fact that the copyright lawsuit against Napster is yet to be settled. Should Napster be found quilty of copyright violation the big five music companies will be all over them like vultures.
Source:
The Register