Universal Music To Apple: Adieu Perhaps?

by admin July 2, 2007 at 3:25 pm

Universal Music Group (UMG) has turned down an offer to renew it’s contract with Apple for 2 years, instead moving to a month-to-month sales basis with Universal allegedly moving to end it’s music sales on iTunes all together.

Figures published June 22 had iTunes as the 3rd largest music retailer in the United States at 9.8%. If iTunes was a bricks-and-mortar operation Universal Music would never consider the move; cutting off a leading retailer in a market that is experiencing declining sales is pure stupidity. But it is easy to work out what it’s all about: greed.

Read more: Techcrunch.com