Time Warner CEO: I stole entire Warners music catalog

In this Reuters roundup, media moguls are asked about their use of iPods. Unsurprisingly, studio heads from Warners and Disney love their portable music players (you have to wonder if they'll join with Universal in claiming that these devices are "repositories for stolen music, and they all know it").

Most interesting is this quote from Time Warner CEO Richard Parsons: "I had the whole bunch of (the Warner music collection) files put on before we sold it."

That sounds reasonable, but wait a sec: he's saying that before his company sold off its record division, he copied the entire catalog for his own personal use? Well, that's pretty slick, isn't it?

Link

(Thanks, Andy!)