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Steve Jobs Nixes iTunes Price Hike
Record industry 'getting greedy'

As we mentioned recently, the music industry has started pressuring Apple, arguing for a new pricing scheme where more popular songs would cost more (upwards of $1.50). Steve Jobs has given his answer to what he's called the "greedy" music industry: no way. "We're trying to compete with piracy, we're trying to pull people away from piracy and say, `You can buy these songs legally for a fair price,'" notes Jobs. "But if the price goes up a lot, they'll go back to piracy. Then everybody loses."


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TechyDad
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join:2001-07-13
USA

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TechyDad

Premium Member

The goose that laid the golden egg

For the RIAA, iTunes is pretty much the goose that laid the golden egg. They don't need to invest anything into it. (Apple does that.) All they do is sit back and collect the profits. But, once they spy a golden egg-laying goose, the RIAA apparently has decided to strangle the it in an attempt to squeeze out more golden eggs.