“Apple is talking with the major record labels about a subscription music service that would give customers unlimited access to songs for a monthly fee, sources told The Post,” Claire Atkinson reports for The New York Post.
“One source said the service could have tiered pricing ranging from $10 to $15, although there are issues to be ironed out, including how much music would be included in each tier and how long consumers would be able to access that content,” Atkinson reports. “One top music exec said the labels are supportive of the idea and believe it could re-energize digital music sales. While album downloads have been on the rise, single track sales were flat in the first half of 2010 compared to the previous year.”
MacDailyNews Take: Gee, wonder why?
• After music labels’ greedy track price hike from 99-cents to $1.29, U.S. digital song sales drop – April 09, 2010
• Tracks that music cartel hiked to $1.29 on Apple’s iTunes Store show chart declines – April 10, 2009
• Amazon follows Apple to $1.29 music tracks – April 08, 2009
• Hit tracks to cost $1.29 at Apple’s iTunes Store starting April 7 – March 27, 2009
Atkinson continues, “Speculation that Apple would introduce a subscription service has been kicking around for years but the news that music service Spotify will be part of Microsoft’s Windows Phone 7 release on Oct. 11 revived industry chatter.
Read more in the full article here.
