Warner Music stumbles, but clings to DRM

See here. Sales down 11%, profits down 74%. Ouch. Their business is in the crapper yet Edgar Bronfman Jr. insists they won’t drop DRM.

Money quote: “We advocate the continued use of DRM. We will not abandon DRM nor services that are successfully implementing DRM for both content and consumers.”

Well, don’t say I didn’t warn you, idiot. Only 10% of the company’s sales are coming from digital. Could be way bigger if they’d just dare to be open.