Apple Holds iTunes Hostage Over Royalties
A decision expected on Thursday from a three-person government panel could lead to the closure of Apple’s online music, movie and digital book store, iTunes. Or it could provide what many in the digital media industry have long wanted to see: Apple backing away from the line it drew in the sand on pricing. The Copyright Royalty Board is scheduled to rule on a music royalties increase of nine cents per track. Apple has said that if the cost of its online songs at iTunes were to rise above the 99 cent price point, it would not be able to operate the site profitably.
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Apple Holds iTunes Hostage Over Royalties
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