Yahoo's music subscription prices to double

Sounds like Yahoo Music's $4.99/month subscription price was too good to be true. As of Nov. 1st, Yahoo will be raising the monthly price of its basic annual purchase plan from $4.99 to $9.99, and the monthly-by-month price from $6.99 to $11.99. Current monthly subscribers can hold onto their $6.99 price, but they'll lose the ability to transfer songs to a portable device.

I have two guesses as to why this is happening: 1) Yahoo's subscription model is really taking off and this is a move to capitalize, or 2) the music labels were just a tad uncomfortable with letting millions of songs fly out the door for less than $8/month. Being that #1 is pretty darn unlikely, my money's on the labels popping out some diamonds over Yahoo's wholesale pricing. Sounds like the labels just can't get enough of other companies' pies.

[via Macenstein]