Universal Music To Apple: Adieu Perhaps?
Universal Music Group (UMG) has turned down an offer to renew itÃ¢â‚¬â„¢s contract with Apple for 2 years, instead moving to a month-to-month sales basis with Universal allegedly moving to end itÃ¢â‚¬â„¢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 itÃ¢â‚¬â„¢s all about: greed.
Read more: Techcrunch.com