Well, there was kind of a big scare yesterday when reports surfaced that iTunes was threatening to shut down if a new royalty rate increase was passed by the Copyright Royalty Board in Washington, D.C.
Basically, music publishers wanted to increase royalties to 15 cents for every download. Apple said they would be forced to operate at a loss if required to adhere to the 6 cent increase from the current 9 cents per download. The vice-president of Apple said they would have to shut down if the increase went through.
Today, the Copyright Royalty Board in Washington, D.C. rejected the increase. Apple had in fact been pushing for a decrease in royalties, but the Board rejected that as well.
So, if you're into iTunes, you can exhale now.
Josie
Posts
No comments:
Post a Comment