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Universal Music Eyes Cut Of iPod Sales
LOS ANGELES – Universal Music Group CEO Doug Morris resents that MTV and other cable music channels built multibillion-dollar businesses around videos given away by record companies anxious to promote their artists. So when he saw his own grandson watching 50 Cent’s “In Da Club” video on Yahoo, it got him asking: “How much are we getting paid for that?” The answer – nothing – led Morris to pull all of Universal’s videos from the giant Web portal until it agreed to a licensing deal in 2005. He wrangled similar arrangements from Time Warner Inc.’s AOL and other Internet portals… Read more »