Vivendi chief says music industry gloom overdone
Vivendi Chief Executive Jean-Bernard Levy has no plans to spin off the music unit Universal and he said on Saturday he believed the gloom surrounding the industry had been over done. Speaking at the annual Midem conference, Levy said the music industry was going through a huge transition at the moment, with new business models for mobile and Internet services appearing all the time. But he predicted there would still be a viable market for physical products like CDs for many years to come and he said the industry’s future lay, as always, in spotting the right creative talent. “I… Read more »