Sony Music Boss: Censored YouTube Videos Cost Us Millions

From TorrentFreak:

Sony Music’s CEO of international business said in a recent interview that the Internet is a blessing for the music industry. Nevertheless, there are still problems that have to be overcome, such as restrictive copyright enforcement by music rights collecting agencies. The Sony boss says that YouTube revenue running into the millions is being lost because German rights group GEMA’s policies prevent artist videos from being shown online in the country.

For years the music industry has blamed Internet piracy for all their troubles.

Slowly, however, the record labels are starting to realize that the Internet is the future and it will ultimately do more good than harm.

One of the people who embraces this positive view is Edgar Berger, Sony Music’s CEO of international business. In a recent interview he stressed the importance of the Internet, while noting that the increase in Internet sales almost makes up for the decline in physical sales.

“There is absolutely nothing to complain about. The Internet is a great stroke of luck for the music industry, or better: the Internet is a blessing for us,” Berger said.

“You can not blame the Internet for harmful excesses. On the contrary. It has brought us tremendous new opportunities,” he added.

But with these new opportunities come new rivals from an unexpected corner. According to the Sony boss, music rights collecting agencies are now preventing innovation in certain countries.

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