4.8 • 1K Ratings
🗓️ 27 June 2023
⏱️ 41 minutes
🧾️ Download transcript
"We made a mistake and Sony paid a terrible price.” A terrible price indeed: an arrogant and ill-advised decision to include a rootkit in its music CDs cost Sony BMG a lot of money - and painted it as a self-centered, self-serving company that cares more about its bottom line than its customers. Why did Sony BMG make such a poor decision?
Click on a timestamp to play from that location
0:00.0 | Hi, I'm Ryan Levy. |
0:01.0 | Welcome to Cyber reasons Malicious Life. In June 2006, 2006, the Wall Street Journalist Technology Critic Walter Musberg conducted an on-stage interview with Sir Howard Stringer, CEO of Sonny, as part of the Journal's All Things Digital Conference in |
0:46.1 | Carsbad, California. |
0:48.2 | As someone who heads one of the largest and most influential multimedia companies on the planet, people always tended to listen to what |
0:55.9 | Stringer had to say. But this time the crowd was even more attentive than usual. Only a few months earlier, |
1:03.5 | Sony was dealt one of the most painful blows |
1:06.4 | in the corporation's long history, |
1:08.8 | and everyone was eagerly waiting |
1:10.7 | for what Stringer had to say about the incident. |
1:14.0 | The senior management of B. M.G. or Sony did not know this was going on, said the CEO in response to Mossberg's questions. |
1:23.1 | We responded very quickly and put out patches. |
1:26.3 | We didn't say to ourselves as a company, we're going to screw every computer in town. |
1:31.7 | We made a mistake and Sony paid a terrible price." |
1:35.0 | A terrible price indeed. |
1:38.0 | Sony B.M.G was a record company created in 2004 by a merger of Sony's music division and the German |
1:46.8 | Bertelsmann Music Group, two well-respected companies with a long history in the music business, yet a disastrous decision somewhere along the new |
1:56.5 | company's chain of command cost it millions of dollars due to a recall of millions of CDs from music shops all over the US as well as in |
2:06.5 | monetary compensations as part of two separate lawsuit settlements in Texas and New York. |
2:18.1 | Perhaps more damaging than the financial losses was the PR disaster that badly tarnished Sony's reputation among its customers and signed artists, painting it as a self-centered self-serving |
2:26.5 | company who cares more about its bottom line than its customers. |
2:31.6 | Stringers wasn't much of an apology, really, but it was a notable change from the arrogant |
2:38.0 | tone of Sonny's earlier responses to its accusers. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Malicious Life, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Malicious Life and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.