“Apple Inc. is reducing the price of all songs on its iTunes Store without anti-copying software to 99 cents from $1.29, bringing Apple’s prices on such tracks closer to those offered by Amazon.com Inc., Wal-Mart Stores Inc. and other rivals in online music,” Nick Wingfield reports for The Wall Street Journal, confirming our earlier report of the price drop that we posted yesterday (Apple offers select iTunes Plus DRM-free songs for 99-cents).
Wingfield reports, “In an interview, Apple CEO Steve Jobs said music on iTunes Plus – the portion of Apple’s online music store featuring songs without digital rights management, or DRM, anti-copying software – will feature the reduced price later today or tomorrow. That applies mainly to songs from EMI Group Plc, the only major recording company with which Apple has cut a deal for DRM-free music so far. Apple has also already begun adding new music to iTunes Plus from independent recording companies at 99 cents a song… ‘It’s been very popular with our customers, and we’re making it even more affordable,’ Mr. Jobs said.”
Full article here.