Time to Watch and Wait as Labels and Apple Talk

by Derrick Story

We have seen public remarks from Apple and the recording industry as talks get underway to determine the immediate future of the iTunes Music Store. Some of the comments have been just wrong, such as the quote misattributed to Warner Music's Michael Nash recently at the CTIA show. The "Well, now we've got another MTV, in Apple. And we have to deal with it," remark was really made by Kenneth Hertz, partner at Goldring Hertz and Lichtenstein LLP, a law firm representing major recording industry artists.

Like many following the negotiations, I'm a little uneasy about how things may shake out. But for now, I'm going to sit tight and see what Apple can do. If you have any insights about these talks, I'd like to hear them.