European Labels Reportedly Scared Of Apple

Watch out, world, Big Bad Apple is going to get you. That, according to UK newspaper the Independent, is what Europeis music labels think about Apple. In a news article from yesterday titled "Music majors wary of Appleis online dominance," the Independent reports that Europeis largest recording labels are worried that Apple will become so big with a European iTunes Music Store that the company will be able to hold the labels over the virtual barrel. From the short article:

"The big fear is that Apple will become like an online MTV - where the record labels gave away their content, in the form of videos, without getting control of it," a source familiar with the issues told The Independent. "The older record executives donit want that again, where theyire over a barrel with one big provider."

Thereis more information in the full article.