Sony BMG Set To Debut DRM-Free Online Music Service
According to Rolf Schmidt-Holtz, CEO of Sony BMG Music Entertainment, the company is currently developing a DRM-Free, online music subscription service that would give users unlimited access to its music and be compatible with a host of digital music players including the Apple iPod. The news was revealed in an interview with the Frankfurter Allgemeine Zeitung newspaper. As for costs to subscribers, the newspaper quoted him as saying...
WMG Re-Signs Cohen and Bronfman
Warner Music Group (WMG) has re-signed Lyor Cohen to a five-year contract, and promoted him to Chairman and CEO of recorded music for North America from Chairman and CEO of U.S. recorded music. As part of the deal, Cohen doubles his annual salary from $1.5 million to $3 million, and gets a guaranteed annual bonus of at least $1.5 million. Edgar Bronfman Jr. has also signed on for five more years as CEO of Warner. The contract also...
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