Dave Horvath
14 Nov 2006 5:04
Chairman and CEO of Universal Media Group, Doug Morris, released comments about now rival iPod stating "These devices are just repositories for stolen music, and they all know it, so it's time to get paid for it."
Of course this statement comes after UMG just penned a deal with bedfellow Microsoft agreeing to share profits for every new Zune sold on the market. UMG wants to have this deal give off a trickle effect where money from the media devices can filter their way down to the artists themselves to ensure that everyone gets their "fair share". This profit sharing comes in addition to the money they're already going to receive for license fees.
Microsoft is currently working with additional music companies in hopes to ink similar deals, hoping to make profit sharing a regular occurance and get more people on board with the Zune. UMG is set to receive around $1 per Zune sold and has graciously stated that half of the proceeds will filter back to the respective artists.
Source:
Smarthouse