Apple Wins on Royalty Fight
The Copyright Royalty Board in Washington, D.C. declined a request by the National Music Publishers Association to increase royalties from 9 cents to 15 cents on songs purchased from the iTunes Store and its various competitors, Fortune reports.
“Apple adamantly opposed the proposed 66% increase and threatened to shutter iTunes if it was approved. In a statement submitted to the board last year, iTunes vice president Eddy Cue said Apple didn’t want to raise its 99 cents a song price or absorb the higher royalty costs itself.”
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