Apple Threatens To Close iTunes Store If Fee Hiked

Posted by:ryzilla 1332 days ago • Discuss • http://blog.mintyit.com

Apple, Inc. has threatened to close its online iTunes Store if the Copyright Royalty Board approves a proposal by the National Music Publishers Association to increase music royalties from nine cents to 15 cents. Apple’s Eddy Cue told the CRB that the iTunes Store operates on very small margins. He said a royalty hike would hurt Apple’s profits.

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