I See Your $1 Billion Offer And Raise You…
from the bidding-wars dept
Following on Napster’s $1 billion offer to record labels, relatively unkown streaming media player, J. River has offered $3 billion to record labels in exchange for the digital distribution rights to their music. I think this is setting a dangerous precedent. The record labels may eventually agree to one of these – which will be impossible because the company will not actually be able to pay off the amount promised.
