Yesterday Apple announced that it has renewed its contracts with the four major record labels and that iTunes pricing will remain 99 cents for individual songs.
It would appear to be yet another victory for Steve Jobs in his battle against the “greedy” record companies. Or maybe there are more practical reasons the record companies backed down in their demand for variable pricing.
Buried near the end of today’s LA Times coverag is this tidbit:
[Read more…] about The Real Reason iTunes Songs Are Still Only 99 Cents