Universal wants a slice of Apple pie

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Apple may soon have to share profits from sales of its iPod media player

Doug Morris of Universal Music Group has said that his company may try and take a slice of profits from the sales of Apple's iPod .

Universal already has a deal in place with Microsoft which gives the Music company a nominal royalty fee for every Zune player that Microsoft sells.

Record labels have been claiming that iPods and other MP3 players all over the world are jam-packed with illegal and downloaded music, which is why they want a slice of iPod sales. The next round of negotiations with Apple is due to begin in February 2007.

"It would be a nice idea. We have a negotiation coming up not too far. I don't see why we wouldn't do that... but maybe not in the same way," Morris told the Reuters Media Summit. James Rivington