Record Industry Spits Back At Apple

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By Douglas A. McIntyre Updated Published
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Don’t start a fight you can’t finish. The music industry did not capitulate to Apple’s (AAPL) suggestion that it allow music to be downloaded without digital rights management. It countered by saying that Apple’s closed iTune system was the major roadblock to a more robust song download environment.

The Recording Industry Association of America wants Apple to open up its anti-piracy system to all of its rivals. The Associated Press quoted the group as saying: "We have no doubt that a technology company as sophisticated and smart as Apple could work with the music community to make that happen."

Apple chief Steve Jobs has opened a Pandora’s Box he may wish he could close. Instead of pressuring the large music publishers to offer their content to DRM-free download access, he has been able to torque them off. That could make them favor rival systems like the Microsoft (MSFT) Zune, the platform that has suggested it share the revenue of its devices sales with the music companies.

Jobs needs to stay quiet.

Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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