Warner Music's Michael Nash - no executioner
In a story entitled Warners raises decapitation strategy for Apple, we wrongly attributed remarks about Apple's iTunes Music Store made during a panel discussion at the CTIA show to Warner Music senior vice president Michael Nash.
These remarks were made by another panelist, Kenneth Hertz, partner at Goldring Hertz and Lichtenstein LLP, a law firm representing major recording industry artists.
Hertz, not Nash, said -
"What if Jobs says 39 cents or 29 cents per download - what then? The industry can say, OK we'll cut him of - very few people people buy music from digital downloads... [Jobs] will figure out another model ... The industry got together and said 'We don't want another MTV'. Well, now we've got another MTV, in Apple. And we have to deal with it."
To Michael and everyone at Warner: we're really sorry. ®