Warner Music Group (WMG) has decided to take advantage of the growing popularity of music downloads on the Internet.
At the Progress & Freedom Foundation's Aspen Summit, WMG's CEO and Chairman, Edgar Bronfman, said his company is planning a new label that would release songs only in digital formats, freeing up artists to release songs without the pressure of providing enough content for a whole album. Bronfman refers to the new venture as his company's “e-label.”
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