Everything about Apple iPod Touch. News, Views, Reviews, Rumors, Accessories and more


iTunes won't close down! Music royalty hike turned down by CRB

Friday, October 3, 2008  |  0 comments
The planned royalty increase for CD and digital music downloads was slapped down by the Copyright Royalty Board, according to MarketWatch.

A three-judge panel oversaw the decision, declining a raise from 9.1 cents per song to 15 cents. The royalty increase faced stiff opposition from music stores, with Apple threatening that, should the royalty hike go through, it would cease operations of the iTunes music store. iTunes is currently the largest music retailer in the US, having recently pulled ahead of Walmart.

After hearing of the planned royalty hike, iTunes VP Eddy Cue suggested that iTunes would close, since they could offer no mutually beneficial alternative. iTunes would either run at a loss, or they would have to charge more for music, which would infuriate customers.



If you enjoyed this post and want to stay in touch, make sure you subscribe to the RSS feed! or via email:

    << Home
    SPEAK YOUR MIND. LEAVE A COMMENT! Just select Name/URL from the 'Comment as' box below. Enter your name (URL is not required) and leave a comment.

    Post a Comment

    ©2012 appleipodtouch.blogspot.com. All rights reserved

    Be the first to know by Subscribing

    Enter your email address:

     Subscribe via RSS

    Latest Stories

    Buy iPod Touch 5th Gen