Apple's 79p tunes are here to stay

Downloads will continue at less than a quid, despite music industry pressure to charge for new and rare releases

Bosses at Warner Music, Universal, EMI and BMG have all signed new contracts with iTunes, despite previous moans that tracks are being sold on the cheap.

Jobs pointed to iTunes success - 80 percent of the download market and a billion sales since launch - and the big four have toed the line for now.

It's not clear how long the honeymoon period will last. Some pundits say the new contracts could be for as little as a year, as record execs hope to build rivals to challenge Apple's dominance.

The market's heading online, that's for sure. Online music sales grew 200 percent last year, while CDs dropped four percent.

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Mac News, Wed 3 May 2006 at 10:31am

 

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