TimesOnline (UK) reports that if efforts by the (US) National Music Publishers Association to increase its take on digital music sales from 9¢ to 15¢ per song sold has Apple threatening it will shutter iTunes.
"If [iTunes] was forced to absorb any increase in the ... royalty rate, the result would be to significantly increase the likelihood of the store operating at a financial loss—which is no alternative at all," says iTunes vice president Eddy Cue. "Apple has repeatedly made it clear that it is in this business to make money, and most likely would not continue to operate [iTunes] if it were no longer possible to do so profitably."
The US Copyright Royalty Board (CRB) in Washington DC will decide whether to grant the request of American music publishers to increase royalty rates on songs purchased online.
Editor's note: Whether we're talking the RIAA, Sound Exchange or the music publishers, their endless manipulations and machinations warrant a harsh response from Apple. Honestly, if they wish to commit suicide, then why shouldn't they be allowed to?
I've not seen Apple's business plan, but I doubt it includes anything about repeatedly saving the music industry from itself...
What's your take?
- Trans Intl announce performance 2 TB Tiger SSD
- Ken Segall on Apple Watch's killer app
- Video: FLIR One thermal camera w/ Lightning Connector for iOS (Second Generation)
- Second gen FLIR One thermal cam with Lightning connector now available
- Report: How free apps are changing ad-supported content
- iOS 9 looks to free up space for OS upgrades
- CarPlay coming to select 2016 Buick and GMC vehicles
- Apple changes course on Radio payments during trial
- Taylor Swift sounds off on Apple Music free trial
- Apple patches some issues with XARA exploit
- On Apple's accessibility push with iOS
- Snowden on Apple privacy initiatives
- Nice overview of new OS X and iOS vulnerabilities
- OS X/iOS flaws may make passwords vunerable
- Dark Sky weather app gets major update
- Adobe announces updates to Creative Cloud
- Instacast podcast player is discontinued
- Apple Pay to deliver 71.5%+ split to music owners
- Ars Technical looks at El Capitan
- Podcast: iOS 9, El Capitan, Apple Watch + More
- Apple’s Schiller talks about 16 GB on entry level devices
- OWC USB-C Dock goes on pre-order
- Apple Watch watchOS 2 announced with native apps
- iOS 9 announced with refinements and iPad features
- OS X 10.11 El Capitan announced
Browse and search for more articles