Music labels talking price hike for online tunes
The record industry thinks that 99 cents a song (which is what Apple charges at the iTunes Music Store) is too cheap, and the five major labels (Universal Music Group, EMI, BMG, Sony and Warner Music) are discussing a song price hike ranging from US$1.25 to $2.49 per song, Matt Buchanan writes in a Washington Square News column. “At that price, downloading music will become far more expensive than buying CDs, which would practically destroy the online music market,” the columnist writes.
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