This entry was posted on Friday, May 7th, 2004 at 12:39 and is filed under News & Articles. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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Friday, May 7, 2004
This seems to contradict what Jobs said in his phone conference last week (all songs will stay at 99 cents each) but gels well with the rumors on the web. If the later is true, watch legal sales decline and illegal trades climb. The greedy labels will never get it, will they?
The five major record labels have been in negotiations recently with Apple over pricing and other issues associated with the year-old download service, which was launched to great fanfare last April.
All five of the deals – with Universal, Sony, BMG, EMI and Warner Music – have already been signed, sources say, and the new pricing is already being rolled out for albums.
EMI and Sony Music, which this week launched its own download service called Sony Connect, were said to be the most aggressive on pricing.
Under the terms of some of the deals, the prices for some of the most popular singles could rise to $1.25, according to sources familiar with the negotiations. Songs have previously been priced at 99 cents across the board. [Full Text]
