ShoppingOct 2, 2008
Apple to Close iTunes Store If Royalties Are Increased?
Apple’s iTunes Store is a worldwide well-known success story which has written Apple all over it. But are we going to see Apple close the virtual store should the royalties increase? It seems that the Copyright Royalty Board (CRB) in Washington, D.C. will rule on a proposal from the National Music Publishers’ Association to raise royalties from 9 to 15 cents per track.
Eddy Cue, Apple’s iTunes has told the CRB that Apple would rather terminate iTunes than see pricing go above 99 cents;
Via mobilewhack
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