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Report: Apple in Talks with Record Labels for Unlimited iTunes
Date : 2008 03 19 Category : Web News
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Offers $20 USD tax on iPods and iPhones to be divided by record labels based on their market share.
According to a recent report in the Financial Times, Apple has been talking with the Big 4 record labels about offering an unlimited download model to customers of its popular iTunes digital music store.
Citing people familiar with the talks, the paper said the negotiations hinged on a dispute over the price Apple would be willing to pay for access to the labels' libraries. So far it has offered a tax of about $20 USD on both iPods and iPhones in exchange for unlimited access to the labels' libraries, a deal which they have thus far apparently refused.
The report also says that Apple is considering a subscription model as well.