Music industry wants share of Apple's iPod revenue

Last week Apple's CEO Steve Jobs said the music industry is greedy because they request a price hike for downloaded songs. The music industry claims $0.99 per song is unfair and they want to base the pricing of songs on the popularity of the tracks and the artists.

“To have only one price point is not fair to our artists, and I dare say not appropriate to consumers. The market should decide, not a single retailer,” said Mr. Bronfman. “Some songs should be $0.99 and some songs should be more. I don’t want to give anyone the impression that $0.99 is a thing of the past.”

Way to go for the music industry! Now that there's finally a quite successful and easy way for users to download legal songs on the web they want to destroy it again by becoming too greedy. And it gets even better:

“We are selling our songs through iPod, but we don’t have a share of iPod’s revenue,” he said. “We want to share in those revenue streams. We have to get out of the mindset that our content has promotional value only.

And finally, he also said it's now time for satellite radio to pay. Read on at Redherring. I guess within a couple of years they'll start crying again because piracy keeps increasing and they don't even have a clue why.