9/20/2005

Jobs To Resist Music Comp Demand For Price Increase

Filed under: — By Aviran Mordo @ 9:44 am

Apple Computer Inc. CEO Steve Jobs vowed Tuesday to resist music companies’ “greedy” demands for price increases on the iTunes music download site and warned that such a move would encourage piracy.

Jobs, speaking to reporters before the opening of the Apple Expo in Paris, acknowledged that some record companies were pushing him to raise the price of each song download, currently 99 cents on the U.S. iTunes site.

Record companies already make more profit by selling a song through iTunes than on a CD, with all the associated manufacturing and marketing costs, Jobs said.

“So if they want to raise the prices it just means they’re getting a little greedy,” he said.

Source: AP

 

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