APPLE’S NO. 1 HIT By TIM ARANGO - New York Post Online Edition: business
> April 20, 2006 — The record industry may be on the verge of waving the white flag in front of Apple boss Steve Jobs, and abandoning its demand for iTunes to charge different prices for different songs, The Post has learned.
> Negotiations between Apple and the four major music companies – with which iTunes deals all expire in the next two months – have reached a crucial point as several record executives now say they are unlikely to convince Jobs to allow variable pricing, sources said.
The record industry wants variable pricing per track, while Steve Jobs wants a fixed price per track for each label. The contracts the labels have with the RIAA are being renegotiated over the coming two months, and it’ll be interesting to see how it all turns out.
