Blog: Kings of A&R

Apple is threatening to yank iTunes if the US Copyright Royalty Board forces them to pay a higher royalty rate. The publishers association wants rates raised from 9 cents to 15 cents a track according to CNN. Apple is known to play hardball when negotiating and managed to build a reputation that they could be the next Microsoft. The Vice President of iTunes said Apple might close its download store rather than raise its 99 cents a song price or absorb the higher royalty costs. "Apple has repeatedly made it clear that it is in this business to [...]