Apple Threatens To Close iTunes Store

Apple is threatening to close the iTunes store over a possible royalty hike.

The National Music Publishers' Association, which represents the interests of music makers and songwriters in the U.S., wants rates to be increased 9 cents to 15 cents, which represents a 66 percent rise.

"If [iTunes] was forced to absorb any increase in the ... royalty rate, the result would be to significantly increase the likelihood of the store operating at a financial loss -- which is no alternative at all," iTunes vice president Eddy Cue said.

ZOMG, I'm gonna have to start downloading music illegally again.

Apple Threatens to Close iTunes Store Over Royalties [foxnews]

Thanks to Bryan, who once downloaded a song illegally but then felt bad about it and gave a streetcorner musician a dollar.

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Apple Threatens To Close iTunes Store

\n\nApple is threatening to close the iTunes store over a possible royalty hike.\n\n

The National Music Publishers' Association, which represents the interests of music makers and songwriters in the U.S., wants rates to be increased 9 cents to 15 cents, which represents a 66 percent rise.\n\n\n\"If [iTunes] was forced to absorb any increase in the ... royalty rate, the result would be to significantly increase the likelihood of the store operating at a financial loss -- which is no alternative at all,\" iTunes vice president Eddy Cue said.

\n\nZOMG, I'm gonna have to start downloading music illegally again.\n\nApple Threatens to Close iTunes Store Over Royalties [foxnews]\n\nThanks to Bryan, who once downloaded a song illegally but then felt bad about it and gave a streetcorner musician a dollar.