Apple Renews 99 Cent Download Contracts

Posted on May 2, 2006

Apple Computer acknowledged it had renewed contracts with the four major labels to continue to sell songs through its iTunes digital store for 99 cents each. The agreements came after months of bargaining, and were a defeat for music companies who had been pushing publically and privately for a scaled pricing model. Since iTunes inception, Apple has charged US consumers 99 cents for each downloaded track. Although the majors have...