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?
- Podcast: TV/Movie Reboots, Apple makes some money, IBM, CoD
- Microsoft rolls out new Outlook app for iOS
- Otterbox ships Resurgence battery backup case for iPhone 6
- Tim Cook: Apple Watch in April
- Apple’s Q1 Earnings
- 1Password gets update on Mac, iOS
- Cringely on IBM's massive restructuring
- Report: Apple Watch battery life may be around 19 hours
- Twitter launches recap feature
- Rogue Amoeba Audio Hijack get major overhaul
- Khan Academy brings lessons to iPad
- Evernote Scannable App
- Podcast: CES wrap-up of gadgets, ho or no adventures and more
- Looking at Flickr camera ownership for 2014
- iOS 8 beta previews Apple Watch companion app
- Lifeproof LiveActiv Battery Backup Case and Smart Mounting System - CES 2015
- USB 3.1 storage from Other World Computing - CES 2015
- ScanSnap ix100 portable/mobile scanner - CES 2015
- WEMO Zigbee products for doors, windows, smoke detectors, keychains, and more - CES 2015
- FLIR One thermal camera for iOS w/ Lightning Connector- CES 2015
- iDevices Switch offers iOS 8 HomeKit compatibility - CES 2015
- Upcoming Transwarp from OWC brings better than Fusion Drive to older Macs0 CES 2015
- Anova Bluetooth Sous Vide Cooker - CES 2015
- Mountie from Ten 1 Design mounts your tablet to your display - CES 2015
- iPin Laser pointer and iPin BTtogo presentation gadgets for iPhone - CES 2015
Browse and search for more articles