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.
- Tue, 6:28 PM
- The Mimimalist Aluminum RADIUS iPhone 5/5s Case
- 5:25 PM
- LaCie Warns Customers of Year-Long Credit Card Breach
- 4:54 PM
- Time Machine Bug In Mavericks with Secondary Monitor - How to Fix It
- 3:20 PM
- Rapoo E2700 Keyboard Includes Touchpad
- 2:30 PM
- Microsoft Word for iPad Gets Touch Word Processing (Mostly) Right
- 2:20 PM
- Amazon Smartphone Rumors Now Include Photos
- 11:54 AM
- Pioneer Gets in on Aftermarket Apple CarPlay
- 10:13 AM
- Report Says LG Making 9M Flexible iWatch Displays
- 9:07 AM
- Antitrust Monitor Pleased with Apple’s Cooperation
- Mon, 11:11 PM
- Entry-Level Bitcoin Mining Gear for Mac, Windows, and Linux [Update]
- 6:24 PM
- David Fincher Out of ‘Steve Jobs’ Movie Due to ‘Ridiculous’ Fees
- 6:07 PM
- Analyst: Apple wants $100 iPhone Price Increase