iTunes remains open, rates stay the same
On Monday we reported that Apple was threatening to close down iTunes if the Copyright Royalty Board voted to raise digital music distribution royalty fees.
It appears however that fans of the iTunes store need not worry as the vote has come through and the rates will remain unchanged, at least for the near future.
The rate hike talk will be re-voted on in 2012, but for the time being everyone seems happy with the decision including the record labels and the Digital Media Association, the group of which most online music retailers including Apple and Amazon are a part of.
Jonathan Potter, the Association’s executive director, added “that the decision to keep the rates at the same level will significantly help digital services and retailers in their quests to innovate and grow over the next several years.”
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