Edgar Bronfman Buys Warner Music
from the won't-change-much dept
Edgar Bronfman Jr., who owned Universal Music and sold it to Vivendi (and then lost out on trying to reacquire it) has now bought Time Warner Music for $2.6 billion. He believes that he can turn the company and the recording industry as a whole around - and part of that bet is that the various download stores will help. Of course, I wouldn't be too optimistic. Bronfman, of course, is the same guy who gave a pretty scary speech more than three years ago about how we needed to make sure that big companies controlled the internet, or it would be the death of our culture. If you're starting with that premise (and nothing indicates that his views have changed) you're pretty much destined to fail in the online world.