Apple silences music labels over iTunes pricing

by admin May 2, 2006 at 2:51 pm

Individual downloads will stay at 79p and 99c

Apple has held onto its 79p UK and 99c US prices for individual songs on iTunes, after renewing its contracts with Universal, EMI, Warner Music and Sony BMG.

The deal had been held up for the past few months as Warner, EMI and Sony tried to negotiate a higher rate for newer material and a lower rate for older songs.

Apple chief executive Steve Jobs originally hit back at moves to charge more money, referring to the record companies as “greedy”.

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