Jump to content


- - - - -

Universal Music will not renew iTunes contract


  • Please log in to reply
1 reply to this topic

#1 Nvyseal

Nvyseal

    Chairman of the Board

  • Administrator
  • PipPipPipPipPipPip
  • 9,802 posts
  • Location:From the whatever it is, Pluto
  • Country:USA

Posted 02 July 2007 - 04:20 AM

images/news/ipod.jpgHighlighting continuing tension between the music industry and Apple Inc., Vivendi SA's Universal Music Group is considering notifying the Cupertino, Calif., company that it isn't renewing a long-term contract to sell digital-music downloads through the increasingly powerful iTunes Store, according to a person familiar with the situation.

Such a move wouldn't mean Universal would remove its vast catalog -- including Eminem, 50 Cent and Sting -- from iTunes in the foreseeable future. Instead, Universal, the world's largest music company by market share, hopes to go to a short-term sales agreement rather than a contract that lasted more than a year.

WSJ


#2 chriso_86

chriso_86

    Director of Technology Development

  • Global Moderator
  • PipPipPipPipPip
  • 2,271 posts
  • Location:Illinois
  • Interests:GOLFING, biking, movies, gaming (pc and xbox360), hanging with friends.
  • Country:U.S.

Posted 02 July 2007 - 03:23 PM

Interesting, so in the long term it sounds like it will cost Apple more to keep their music around.




1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users