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NBC Universal says Apple iTunes deal rotten
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FROM VARIETY: Studio head Zucker calls revenue meager
By Michael Learmonth of Variety -- Video Business, 10/29/2007
OCT. 29 | FROM VARIETY: NBC Universal topper Jeff Zucker warned that new digital business models were turning media revenue “from dollars into pennies” and revealed NBC U booked just $15 million in revenue during the last year of its deal with Apple’s iTunes.Interviewed by The New Yorker’s Ken Auletta at a benefit for Syracuse University, Zucker described the impasse that led to NBC U’s decision not to renew its current iTunes deal, which expires in December.
NBC U wanted to experiment with higher pricing for one hit show such as Heroes by raising the price from Apple’s standard $1.99 to $2.99 on an experimental basis.
Read the full story on Variety.com.
