“Apple Computer Inc. said Monday that it has renewed its contracts with major music companies that will allow it to continue offering songs for 99 cents each through its iTunes Music Store… ‘We’ve renewed our agreements with the major music companies, and we’re pleased to continue offering iTunes customers music at 99 cents per song from a library of over three million songs,’ an Apple spokeswoman said,” Nick Wingfield and Ethan Smith report for The Wall Street Journal. “However, people in the music industry familiar with Apple’s deals said the contracts between Apple and the music companies cover wholesale pricing for songs , among other matters, and don’t specify the 99-cent retail price, leaving open the possibility of future price changes.”
Full article (free today) here.
MacDailyNews Take: The possibility remains open that the Sun will burn out in the future, too (the star: a long way off; the company: not so long a wait). If Apple has a wholesale prices contracted and they wish to keep the 99-cent per song price, then they will do so. We wouldn’t mind seeing a $1.29 ($1.49?) per song option for higher bit rates, say 192kbps or, better yet, 256kbps or higher — if the labels would allow that quality to be sold online. Give the option and many will pay extra for the higher quality; just as even dial-up users are proven to choose “high” over “low” when watching streaming video online despite the extra wait.
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Apple inks deal with big four labels: iTunes Music Store prices stay at 99-cents per song – May 01, 2006