Some leading music labels are in talks with online retailers to raise wholesale prices for digital music downloads, in an attempt to capture more profits from the burgeoning demand for legal online music.
"The moves, which suggest that the labels want a bigger slice in the fledgling market's spoils, has angered Steve Jobs, the Apple Computer chief executive who is behind the popular iTunes online music store."
Having passed the Digital Millenium Copyright Act that criminalizes a wide range of activities plus adds huge monetary penalties to the new violations, the record labels are now attempting to raise prices for downloaded music. Greed, stupidity, and a compliant Congress continue to dominate this area of our culture.
Tuesday, March 01, 2005
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