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iTunes remains open, rates stay the same

3 October 2008 18:23 by Andre "DVDBack23" Yoskowitz | 6 comments

On Monday we reported that Apple was threatening to close down iTunes if the Copyright Royalty Board voted to raise digital music distribution royalty fees.

It appears however that fans of the iTunes store need not worry as the vote has come through and the rates will remain unchanged, at least for the near future.

The rate hike talk will be re-voted on in 2012, but for the time being everyone seems happy with the decision including the record labels and the Digital Media Association, the group of which most online music retailers including Apple and Amazon are a part of.

Jonathan Potter, the Association�s executive director, added "that the decision to keep the rates at the same level will significantly help digital services and retailers in their quests to innovate and grow over the next several years."

Permalink to this article | Topics: MP3 & Digital Audio Online music services

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Discuss this article!
pensfan12 (Newbie) 3 October 2008 22:31
Blame the RIAA for this like everyone did on Monday. [ + quote]
miltex (Member) 3 October 2008 23:18
Just a minute ago, itunes was about to go belly up ! When the chips are down, you can count on miltex ! [ + quote]
R01010100 (Newbie) 4 October 2008 12:15
*Originally posted by pensfan12:* Blame the RIAA for this like everyone did on Monday. as i recall, you had your head up your ass blaming consumers. [ + quote]
mspurloc (Member) 4 October 2008 13:09
Did anyone actually believe they were going to shut down? No matter what happened, or didn't happen? Music, video and player sales now constitute 40 percent of Apple's income. Personally, if the price hike had happened, I'd have loved to see them shut down, even if it was only temporary and symbolic. I just don't think they have that option. [ + quote]
fgamer (Member) 5 October 2008 4:52
I love these PR moves, Apple is such a joke. I think they knew they were't gonna raise them but just wanted some attention to make it seem like they're for the consumer. I actually was hoping that they would get raised so they can drop iTunes. [ + quote]
Jemborg (Junior Member) 5 October 2008 14:57
iTunes didn't close... why am I not surprised. :D [ + quote]