Lyor Cohen, Warner Music’s chief executive for recorded music, thinks the long-suffering and depleted music business would do a lot better if it could just stop the bitter in-fighting and back-stabbing particularly among the major label owner rivals Universal Music Group, Sony Music and EMI.
“We should root for one another,” said Cohen speaking at the New Music Seminar in New York earlier this week. “We can all come together and support each other. That’s hugely missing from our business.”
Referring to an industry which hopes it has now hit rock bottom and is finally turning things around:
“It makes it even more difficult when there’s so much friction in the business.”
The problem with Cohen turning all Kumbayah on us is that firstly he has one of the most combative and ruthless reputations in the music business earned over three decades breaking new acts against rivals.