Apple renews fixed-pricing deals with major labels [updated] | iLounge News

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Apple renews fixed-pricing deals with major labels [updated]

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By LC Angell

Contributing Editor
Published: Monday, May 1, 2006
News Categories: iTunes

Despite a recent push for variable song pricing by some in the music industry, Apple has reportedly renewed contracts with the four major record labels to keep songs on the iTunes Music Store priced at 99 cents each. “The agreements came after months of bargaining, and were a defeat for music companies that had been pushing for a variable pricing model,” reports the Financial Times. Of the music industry’s big four record labels, executives at Warner Music, EMI and Sony BMG have all expressed their support for variable pricing. Apple CEO Steve Jobs last year famously called the record companies “greedy” for considering to raise song prices.

Update: Apple has released an official statement confirming the news. “We’ve renewed our agreements with the major music companies and we’re pleased to continue offering iTunes customers music at 99 cents per song from a library of over 3 million songs,” an Apple representative said in a statement.

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Comments

21

“What happens when you cancel your subscription?  Can you still listen to the music you downloaded?”

Yes. For $10 you get 40 songs per month. You download the mp3’s to your computer and they’re yours to keep… even after you cancel your subscription. $20 gets you 90 songs per month. eMusic is awesome!

Posted by chimpee on May 3, 2006 at 8:47 PM (PDT)

22

Some people (a minority) like renting/subscription services, but the fact is, that most people don’t—-they prefer to own their music. Arguing over what consumers’ preferences SHOULD be in such a matter is just silly.

Posted by Amelie on May 4, 2006 at 11:23 AM (PDT)

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