The U.S. Copyright Royalty Board decided today to keep rates the same for digital music stores, kneecapping Apple's threat to shut down the iTunes Store rather than operate at a loss.
The three-member board kept the royalty rate at 9.1 cents, and mandated a 24-cent rate for ringtones. The board has...
October 2nd 2008 at 9:00pm
If a ruling expected tomorrow by the Copyright Royalty Board raises royalties for online music sales from 9 to 15 cents per track, Apple would rather shut the iTunes store down than operate it at a loss.
Them's fightin' words.
Eddy Cue, Apple's iTunes VP, wrote in a statement to the Times of London...
October 1st 2008 at 12:30pm