Last Thursday, Portfolio broke the news that Warner Bros. Music CEO Edgar Bronfman Jr. had hired ex–Geffen Music executive Jim Griffin to launch an innovative new initiative that will almost certainly fail to save the troubled recording industry. Under the proposed plan, Internet users would pay a tax (Griffin suggests $5) on top of their monthly service bill allowing them to download all the music they want. Obviously — as lots of irate nerds on the Internet have already pointed out — such a thing would likely never work for millions of reasons. Nevertheless, Bronfman has reportedly signed Griffin to a three-year contract to put the plan into action. (NY Mag)
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