iTunes May Shut Down
10/02/2008
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(antiMusic) Fedzilla (fueled into action in part by music business campaign contributions) may claim iTunes as its latest victim if the latest move in the music industry's plot to destroy themselves is a success. NME has the report: Apple could shut down its iTunes music store this week, if a verdict from the US Copyright Royalty Board forces the company to pay higher royalty rates.A ruling is expected by the board tomorrow (October 2) on an application by the National Music Publishers' Association to raise the royalty fees paid to its members on songs purchased from online music stores including iTunes. The association wants to increase rates by 66 per cent, from nine cents to 15 cents per track, whereas Apple wants a decrease to 4.8 cents per track, reports CNN. - more on this story 
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