New York, NY (August 20, 2008) - An op-ed in the LA Times outlines the music industry’s situation in regards to video game and on-line music money (or lack there-of):

…Recent complaints by Warner Music Group Chairman and Chief Executive Edgar Bronfman Jr. and Pandora founder Tim Westergren illustrate this tension. Speaking to Wall Street analysts last week, Bronfman said Warner wasn’t getting paid enough by the creators of the successful music-based video games Guitar Hero and Rock Band. The former is published by Activision Blizzard Inc. of Santa Monica, the latter by (wait for it … ) MTV Networks. Westergren told the Washington Post last week that Pandora, an extremely popular online radio service, will soon have to close unless labels and artists agree to a lower royalty rate. A federal panel imposed sharply higher rates last year, and the fees will consume almost three-fourths of Pandora’s advertising revenue this year, he lamented.

Tags: Digital, games, Industry, la, Music, oped, times, Video

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