Apple sets tune for pricing of song downloads

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May 2nd, 2006, 14:54 Posted By: wraggster

via msnbc

Apple Computer on Monday revealed it had renewed contracts with the four largest record companies to sell songs through its iTunes digital store at 99 cents each. The agreements came after months of bargaining, and were a defeat for music companies that had been pushing for a variable pricing model.

The music industry's big four - Universal, Warner Music , EMI and Sony BMG – were not immediately available to comment.

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