Apple Wants Vivendi to Dance
I just read this article on Forbes.com. Here's the link:
http://www.forbes.com/home/2003/04/11/cx_ah_cz_pk_0411applev.html
Squire
---------------------------------------------------
Some highlights:
Apple Wants Vivendi To Dance
Arik Hesseldahl and Peter Kafka, 04.11.03, 3:00 PM ET
* Sources familiar with negotiations say Apple is close to finalizing a deal with Sony to sell the company's digital music catalog on its new digital music service.
* People who have seen the service say it will let Apple users buy individual songs for 99 cents apiece, which they can burn to compact discs or port into the company's trendy iPod music players.
* One possible stumbling block for Jobs is that, like all other digital music services to date, Apple still wouldn't be able to offer every song that music fans might want--including those by the Beatles. A handful of prominent artists, such as Madonna, still won't let their music be sold online.
Irving Azoff, manager of the Eagles, says he likes the Apple service, but he won't consent to selling the band's music on it unless they get a higher royalty rate than the one Apple has promised. "I looked at it and I loved it," he says of the service. "I'm just waiting for a deal that makes sense for us."
* Apple could be wading into the market for downloadable music at just the right moment. Consumer surveys conducted by Ipsos-Insight, a New York-based consumer research firm, found that at least 19% of the U.S. population aged 12 and up--or about 60 million people--has downloaded music from some kind of music file-sharing service, be it legal or not.