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iTunes Store Shutdown Feared Thursday, October 02, 2008 - Ehud Rattner Home >> Headlines >> Internet   
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A veiled threat by Apple to close its iTunes store has emerged 18 months after it was issued and just a day before royalty rates are to be set. The Copyright Royalty Board meets on Thursday to rule on a requested 66% increase for sales of digital music from 9 cents to 15 cents a track. A rise would have to be paid by either Apple, the record company or consumer. Apple opposed the rate hike and has said it is unwilling to raise its 99 cents a song price or absorb a rise. (source: news.bbc.co.uk)
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