Price of iTunes Music Remains Unchanged 99 Cents

Thanks to its hegemony ( accounting for 80 percent of paid downloads) in American online download music market, Apple wins this pricing battle of iTunes Music Store over the largest four record companies which wanted Apple to allow different pricing for tracks, especially the ability to charge higher prices for new material from top-selling artists.

"The companies - Universal, Warner Music, EMI and Sony BMG - were forced to accept Apple CEO Steve Jobs' pricing because the iTunes music store has so much influence over the U.S. download market."

But this is obviously not an eventual agreement as the report continued:

Some labels were considering signing short-term contracts with Apple now and then bringing up the issue again in the near future.

Anyway, the song's price of iTunes music store remains unchanged 99 cents per each!

Link Tags: iTunes, Apple, Music Store, Steve Jobs, CEO, Download, Record Company, Business, Music