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A very interesting announcement from the largest music company in the world, Universal Music. They have decided not to renew their contract with Apple to sell their music through iTunes. This could be a significant blow for Apple if they lose the ability to sell the huge amount of Universal music within their iTunes store. There has been a lot of speculation on why Universal has made this decision. Several pundits believe that it might involve Steve Jobs’ “My way or the highway” negotiation tactics or that Jobs absolutely refuses to raise the $.99 per song price.
Now matter what the issue(s), all this does is hurt both Apple as well as Universal. We will see if they can kiss and make up.
Via Engadget
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Technorati Tags: Universal Music, Apple, iTunes, Steve Jobs
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And Universal plans to sell their music how???
Certainly not in bricks-and-mortar stores. You’d think they’d be happy to have a distributor like iTunes to get their product out.
I agree. iTunes is now the #3 retailer of music in the US, behind only WalMart and Best Buy, respectively. How can a major player in an industry that has been whining about its sales for a decade choose to bypass a reatiler with roughly 10% market share? This is Universal’s loss.
“Hey nose, come here! Me and this knife have something to do to you that will REALLY show your face what’s up!”
Ugh. Remind me again why I love music so much??
SteveK - I agree with you, but I think this is more of a negotiating tactic than anything else. But I have been wrong before on bone head moves by the music industry. Thanks for the comment.
Jake,
I could not agree more. Though it does seem to me that this is far from the first time the music industry makes a terrible decision and probably will not be the last. As I said in my previous comment, let’s hope that this is just a negotiating tactic.
Thank you for your comments.