Warner Wants Bigger Slice of Video Game Pie

Realizing that there is a lot more money to be fleeced, Warner Music Group said today that video game manufacturers are going to have to pay more for licensing of songs for games.

Warner Music CEO Edgar Bronfman explains the greed:

"The amount being paid to the music industry, even though their games are entirely dependent on the content we own and control, is far too small."

It makes sense that Bronfman would say this, as Warner Music also today posted their 2nd quarter balance sheet, showing a loss of $9 million for the three months ending June 30th.

This means that games like "Guitar Hero" or "Rock Band" are going to cost a lot more for the developers to produce, which will no-doubt force the price of the games to go up. After all, no one wants to eat into their profit margins.

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