New York
- Major label Warner Music Group (NYSE: WMG) this week hired Jim Griffin, former head of
digital at Geffen and a vocal industry critic, to oversee a plan that would have
consumers pay a monthly fee through their Internet service providers for
unlimited access to music, Portfolio.com reported. "We're still clinging
to the vine of music as a product," Griffin
told Portfolio.com, dubbing the state of affairs "Tarzan" economics. "But
we're swinging toward the vine of music as a service. We need to get ready to
let go and grab the next vine, which is a pool of money and a fair way to split
it up, rather than controlling the quantity and destiny of sound
recordings."
Griffin
forecasts that such ISP add-on fees could generate as much as $20 billion
annually to distribute between artists and copyright holders.
He also criticized the industry's legal campaign against file-sharing.
"I
don't think we should be suing students and I don't think we should be suing
people in their homes," Griffin
told Portfolio.
"We want to monetize the anarchy of the internet."
He
said Warner is creating a company to manage the ISP plan, in which the company
hopes other rights holders will eventually take joint ownership.
Related Links:
http://snipurl.com/22v57
(Portfolio.com)
http://www.onehouse.com/bio.htm
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Tarzan Economics/James Boyle
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