NEW YORK (CNN/Money) – Just as legal music downloading is taking off in earnest, the major record labels are in talks to raise the price they charge online retailers for song downloads, a newspaper reported Monday.
And this is the line of the day:
“I think whoever came up with this idea understands the online music industry about as well as a cow understands algebra,” said Phil Leigh, senior analyst for Inside Digital Media.
Given that we’re talking about label weasels here, if it comes to wagering my money is on the cow.
[THX to Brian at daedalnexus for the heads-up.]