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EMI expects iTunes price hike within a year

Record label EMI has said they expect Apple will increase the price of some songs on iTunes within a year, notes CBS MarketWatch. “The chief executive of EMI Music, Alain Levy, said EMI had discussed the issue with Apple CEO Steve Jobs and believed Apple planned to end its single-price policy for iTunes music, the Wall Street Journal reported on its Web site,” notes the story. “There is a common understanding that we will have to come to a variable pricing structure. The issue is when,” said Levy. “There is a case for superstars to have a higher price.”

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