Young music fans may increasingly be hitting up Mom or Dad for “legit” downloads, witness iTunes’s latest news. Apple “has now signed agreements with EMI, Bertelsmann Music Group (BMG), Sony, Universal, and Warner that will see prices on some songs rise from 99c to $1.25, an increase of over 26%” – lower, at least than the $2.99 the labels had been pushing for, The Register reports. As for album prices, some will remain $9.99, others are already $16.99, a 70% hike, The Register adds. Of course one impact will be increased revenue for the labels. But they will also be sending more and more fans to indie labels and new bands
Another much more Between this news and ever-burgeoning anti-piracy lawsuits, the record industry must either be in very difficult straits or want to send more and more fans to the indie labels.
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