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December 24, 2005

Music Industry Investigated Over Digital Download Pricing

The oft-criticized music industry is under investigation by New York Attorney General Eliot Spitzer over pricing for digital downloads.  The investigation centers on possible collusion in setting prices for digital downloads.  Apple chief Steve Jobs called the music industry greedy for trying for variable pricing.  Apple sells songs for 99 cents.  Other services offer plans, but no one seems to go above the dollar threshold.  Record companies believe they can get higher prices for superstar recordings while lowering prices for less popular artists.  Many individuals believe, however, that potential price reductions for some songs would be insignificant compared to price increases, and that this is just an attempt to raise the floor on most single song downloads.  Music companies have made no secret of their unhappiness of setting prices at a uniform level on iTunes. 

More on this from BetaNews.

December 24, 2005 | Permalink

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