Music Prices Going Up? [Updated]

The New York Post claims that the five major record labels have been in negotiations with Apple over pricing as well as other issues surrounding Apple's onling music store (iTunes).

Under the new contracts, the most popular singles could rise to $1.25 according to the Post's sources.

During the iTunes conference call, Steve Jobs addressed the question of album pricing:

But in any event, most of the albums on iTunes are priced at $9.99 and below and, no, they're not creeping up. There's always a few that are a little higher than you can go in and pull out, but they're very, very competitive and we see in the future the prices of the albums coming down, not going up, because that's what it's going to take to sell more albums and it's in everybody's best interest to do so.

Update: Apple has denied that prices will increase.

Related Forum: Mac Apps

Popular Stories

google drive for desktop1

Google to Roll Out New 'Drive for Desktop' App in the Coming Weeks, Replacing Backup & Sync and Drive File Stream Clients

Tuesday July 13, 2021 1:18 am PDT by
Earlier this year, Google announced that it planned to unify its Drive File Stream and Backup and Sync apps into a single Google Drive for desktop app. The company now says the new sync client will roll out "in the coming weeks" and has released additional information about what users can expect from the transition. To recap, there are currently two desktop sync solutions for using Google...