iTunes to run out of music?
July 1, 2007
According to Matt Drudge, the world’s largest music corporation, Universal Music Group, notifed Apple that it will NOT renew its contract. What does this mean for iTunes?
Last year Universal (owned by Vivendi) signed a deal with Microsoft to license its music for the Zune player. That deal is much more lucrative than the standard iTunes deal, paying the company for each Zune sold as well as percentage of each song sold (Apple doesn’t share iPod revenue with music companies).
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