The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Apple Denies iTMS Price Hike Rumor

TMO Reports - Apple Denies iTMS Price Hike Rumor

by , 2:45 PM EDT, May 7th, 2004

Apple Computer is categorically denying a published report that it plans to raise prices on some music tracks on its iTunes Music Store to US$1.25 a song.

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.

Recent Headlines - Updated April 1st

Wed,11:01 AM
Dolby VP Mike Rockwell Jumps Ship for Apple
9:50 AM
Google Maps Brings Pac-Man to Your Neighborhood
8:50 AM
iOS 8: Manually Adjusting Your iPhone Camera’s Exposure
Tue,7:54 PM
Game of War: How to Play and Win a Casino Event
5:46 PM
Jeff’s Comprehensive Mac Backup Guide
5:20 PM
Add Up to 128GB of Storage to Your Macbook With The Nifty Drive: $32.99
3:15 PM
The New Microsoft Surface 3 Tablet Hits the Mark
1:40 PM
Satechi 10 Port Premium Aluminum USB 3 Hub Includes Charging Ports
1:35 PM
TMO Daily Observations 2015-03-31: Tidal’s Entry into the Streaming Music Game
11:55 AM
Amazon Wants to Turn You Home into a Web Store with Dash Buttons
11:05 AM
Adonit, Evernote Intro Higher Precision Jot Script 2 iPad Stylus
9:14 AM
Facebook is Tracking You Even if You Don’t Have an Account
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!