Apple’s iTunes music store, which accounts for over 80 percent of all digital music sales, may close up shop if it does not get to keep as large of a percentage of the royalties as they would like.
According to BBC News, the National Music Publishers’ Association has requested that royalty rates from iTunes’ 99-cent songs be increased from 9 cents to 15 cents, an approximately 66 percent increase. Apple executives have hinted that if such an increase were to be enacted, it would force the company to operate at a loss, and that they would consider shutting down the iTunes store.
Maybe now is the time to try to seek out a what.cd invite.
-Sean H.
