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#1 2008-10-01 18:48:23
- Franny
- iPhone-Hacks Helper
- From: Wisconsin
- Registered: 2008-08-02
- Posts: 531
Apple Threatens To Close iTunes Music Store Forever
Apple's digital music showdown
A ruling this week could force online music sellers to pay publishers more money - as an Apple threat to close iTunes looms.
NEW YORK (Fortune) -- For five years, Apple's iTunes Music Store has been the Internet's most successful music store. But as music publishers have sought a higher share of its proceeds, Apple has threatened to shutter iTunes.
The Copyright Royalty Board in Washington, D.C. is expected to rule Thursday on a request by the National Music Publishers' Association to increase royalty rates paid to its members on songs purchased from online music stores like iTunes. The publishers association wants rates raised from 9 cents to 15 cents a track - a 66% hike.
Apple (AAPL, Fortune 500) declined to discuss the board's pending decision or its previous threat to shut down iTunes. But it adamantly opposes the publishers' request. In a statement submitted to the board last year, iTunes vice president Eddy Cue said Apple might close its download store rather than raise its 99 cents a song price or absorb the higher royalty costs.
"If the [iTunes music store] was forced to absorb any increase in the ... ......
http://money.cnn.com/2008/09/30/technol … 2008093014
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#2 2008-10-01 20:19:47
- nedthehead
- Moderator
- Registered: 2008-01-31
- Posts: 89
Re: Apple Threatens To Close iTunes Music Store Forever
It's BS. They make so much money off of it anyways, I don't see how they could afford to close it down. It's a really stupid move on Apple's part, and it's been part of the iTunes store since the beginning of the iPod... almost.
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#3 2008-10-01 21:00:46
- Franny
- iPhone-Hacks Helper
- From: Wisconsin
- Registered: 2008-08-02
- Posts: 531
Re: Apple Threatens To Close iTunes Music Store Forever
Wal-Mart will be happy. 
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Royalty rate doesn't change for Apple, music retailers
The Copyright Royalty Board on Thursday froze the rate that digital-music stores such as iTunes and RealNetworks' Rhapsody must pay music publishers.
The three-member board that sets statutory copyright licenses e-mailed the Digital Media Association (DiMA), the National Music Publishers' Association, Apple, and other download stores with its decision to keep the royalty rate at 9.1 cents a song. The board also set the same rate for CDs and established a 24-cent rate for ringtones. The decision is the first time the board has established royalty rates for digital downloads. The rates are set for the next five years.
What all this means of course is that Apple will not be shuttering iTunes--as if there was ever much.........
http://news.cnet.com/8301-1023_3-10056852-93.html
Last edited by Franny (2008-10-03 05:27:24)
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