Jobs irate over proposed digital music price hike
"Some leading music labels are in talks with online retailers to "http://news.ft.com/cms/s/3d9b6fee-892d-11d9-b7ed-00000e2511c8.html">raise wholesale prices
for digital music downloads in an attempt to capitalise on burgeoning demand for legal online music,
" the Financial Times
is reporting. The move, which aims to secure the record labels a larger stake in the digital music arena, has reportedly left Apple chief executive Steve Jobs fuming. However, around this last year, Apple "http://www.macnn.com/articles/04/05/07/appe.no.itunes.price.hike/">denied
published by The NY Post
"These rumors aren
" Apple spokeswoman Natalie Sequeira said at the time.
"We have multiyear agreements with the labels and our prices remain 99 cents a track.
" This is the second year in a row that talk of digital music price hikes have surfaced around the anniversary of the iTunes Music Store — a period where Apple
's contracts with the labels may be up for re-negotiation. The store first launched on April 28, 2003.