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News
Universal Exec Interested In iPod Royalty
Tuesday, November 28th, 2006 at 2:00 PM - by Jeff Gamet
Doug Morris, Universal Music Group's chief executive, is interested in striking a deal with Apple Computer that would give the music label a royalty for each iPod sold. The royalty scheme may be brought up in Universal's iTunes licensing negotiations scheduled for early 2007, according to Reuters.
"It would be a nice idea. We have a negotiation coming up not too far. I don't see why we wouldn't do that... but maybe not in the same way [as the Zune]," Mr. Morris commented.
Universal and Microsoft already have a deal where a percentage of each Zune sold goes back to the music label's coffers.
Mr. Morris didn't say if Universal would pull its music library from the iTunes Store if Apple doesn't agree to the royalty idea.
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