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Submission + - Steve Jobs speaks out against DRM on music

ruiner13 writes: "CNN/Money is running an article which quotes Steve Jobs as believing, as many Slashdot users do, that DRM is bad for their business.

Jobs said there appeared to be no benefit to the record companies to continue to sell more than 90 percent of their music without DRM on compact discs while selling the remaining small percentage of their music encumbered with a DRM system. "If such requirements were removed, the music industry might experience an influx of new companies willing to invest in innovative new stores and players. This can only be seen as a positive by the music companies."
The article also goes on to mention that Apple will be renegotiating the contracts with the major labels next month. Especially considering the legal action Apple is facing in Europe to make the iTunes music inter operable with other players, does this signal the end of FairPlay and the RIAA forcing DRM down people's throats?

The full text of Jobs' thoughts on the matter are posted on Apple's website."

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