13 Apr Record labels winners in Apple, Amazon price war
With Apple’s recent launch of tiered pricing on its iTunes Music Store, the major record labels have succeeded in being able to charge music fans more for the songs they like the most.
Apple, the largest music retailer in the United States, had refused to budge from its 99-cent pricing for all songs, old and new, despite pressure from record labels. As of last Tuesday, that changed with Apple selling songs for 69 cents, 99 cents, or $1.29. In general, the more popular the song is, the higher the price.
As a result of Apple’s move, consumers can expect to see similar pricing across all music stores over time. La La Media, which sells tunes and also offers streaming music over the Web, called the change an “industry shift.”
“You will see much more variable pricing by all music retailers, with the price moving higher on some tracks and lower on others,” the company said in its blog.
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