Last night saw WMG’s quarterly financial results, and as usual, CEO Edgar Bronfman Jr had plenty to say about industry trends. Here’s the biggest zinger: “Digital growth has slowed following iTunes’ introduction of a variable pricing model in April 2009… It couldn’t have come at a worse time.” The latter comment was referring to a 30% price hike for the top-priced songs just as the economy tanked. “It’s difficult to know, even today, if it is just consumer resistance to a higher price points or if taking a pricepoint of 30 percent more at such a fragile time [is to blame],” said Bronfman. Source: PaidContent
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