PC World has terrific coverage of music company executive Edgar Bronfman's talk at a conference in Macau where the businessman acknowledged companies "went to war" with consumers. Kudos to the bloggers at the venerable print publication for spotting and publicizing this fast.
Bronfman has long been a controversial figure. After taking over the family business, he sold huge chunks of the company in different acquisitions in order to create an entertainment conglomerate. Both acquisitions failed miserably, but the scion finally took over Warner Music in 2004.
Now he is 'fessing up to consumers around the world. During his speech, he reportedly said,
Indeed. Now if Bronfman can use his considerable influence to allow consumers to copy music for their own use without violating various laws, his words will truly begin his reputation rehabilitation.
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.
Remember: just because you can technically do something doesn't mean that you're allowed to do so.
Labels: Bronfman, PC World, Warner Music
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