Warner's Bronfman, MySpace's DeWolfe talk music
SAN FRANCISCO--Warner Music Group CEO Edgar Bronfman Jr. thinks there is still a big place in the world for much-maligned major record labels.
"The value that we have is both on the editorial side, and on the marketing and promotion side," Bronfman said in a panel at the Web 2.0 Summit on Thursday afternoon. "Those channels are getting harder, not easier." In other words, it was an argument very similar to the one that newspapers and magazines have made in justifying their place in an industry that's getting flooded by scrappy bloggers--big music labels … Read more