Apple Denies iTMS Price Hike Rumor
TMO Reports - Apple Denies iTMS Price Hike Rumor
by , 2:45 PM EDT, May 7th, 2004
A story in Friday's New York Post quoted unnamed sources as saying five major record labels - EMI, Bertelsmann Music Group (BMG), Sony, Universal and Warner - have been in negotiations recently with Apple over pricing and that prices for some of the most popular singles could rise as much as 26 cents a cut.
"These rumors are not true," Apple's spokeswoman Natalie Sequeira, told The Mac Observer, Friday. "We have multi-year agreements with the (record) labels and our price remains at 99 cents a track."
Ms. Sequeria would not discuss specifics of the individual contracts with record labels, such as when they expire.
Based on its own internal, proprietary numbers compared to the total number of downloads reported by Nielsen/SoundScan, Apple estimates it controls 70% of the legal download market for singles and albums. The company said it now has more than 700,000 music files available for sale with the majority selling for 99 cents.
- Thu,8:00 AM
- Happy Thanksgiving from The Mac Observer!
- Wed,9:36 PM
- Apple Reportedly Building Chinese Sapphire Plant with Foxconn
- 8:40 PM
- ACM 282: The Steampunk, Sapphire, and Apple Watch Episode
- 7:46 PM
- Melissa Holt on MacJury’s Holiday Gift Guide 2
- 4:42 PM
- Steampunk USB Flash Drives with Motorized Gears - Really!
- 4:05 PM
- Black Friday 2014: The Best Mac Deals
- 3:10 PM
- iOS 8: Control Which Apps Can Access Your Private Data
- 2:50 PM
- The Name Your Own Price Must-Have Mac Bundle
- 1:36 PM
- TMO Daily Observations: 2014-11-26
- 10:46 AM
- 5 iPhone Apps to Cut Your Thanksgivings Stress
- 8:50 AM
- iOS 8 and OS X Yosemite: Naming Group Conversations in Messages
- Tue,9:01 PM
- BuzzFeed Uses Apple Watches to Incentivise Staff