Statement From Edgar Bronfman, Jr., Chairman and CEO of Warner Music Group (NYSE: WMG), Regarding Today's Supreme Court Ruling in the MGM vs. Grokster Case

NEW YORK, NY, Jun 27, 2005 -- Statement from Edgar Bronfman, Jr., Chairman and CEO of Warner Music Group (NYSE: WMG), regarding today's Supreme Court ruling in the MGM vs. Grokster case:

"The most important message from today's historic decision is that progress and innovation do not have to come at the expense of recording artists, songwriters and the people who make their living in the entertainment industry. As a music company, we fully understand that our ultimate success lies not in preventing people from getting what they want but in providing it to them in new and exciting ways. We must strike a balance, one that nurtures technological innovation while at the same time protecting the very content that inspires innovation in the first place. We're grateful that the Supreme Court today unanimously agreed that distributors of software intended to promote copyright infringement are liable for the infringements committed by the users of such software. This important decision will allow artists and the creative community to prosper side-by-side with the technology industry."