Photo: Reuters with Bronfman and interviewer Adam Pasick

Warner Music CEO Edgar Bronfman admitted that his kids are music pirates who have downloaded unauthorized files.

Bronfman said "I explained to them what I believe is right, that the principle is that stealing music is stealing music. Frankly, right is right and wrong is wrong, particularly when a parent is talking to a child. A bright line around moral responsibility is very important. I can assure you they no longer do that." And the Punishment? "I think I'll keep that within the family."

Sounds like a slap on the wrist compared to the lawsuits and $5,000 settlement fees slapped on downloaders who aren't related to industry royalty.