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Digital music price rise

According to the major music labels it is time for a rise in prices.

Major music labels believe that the market for digital music is strong enough that that the industry can take a rise in the whole sale price of digital music tracks. Currently most digital music retailers sell songs for $.99 each and pay around $.65 each.

Although Universal and Sony BMG were not keen on the idea EMI and Time Warner refused to comment about the increase in digital music prices. Some observers say that the increase in prices would just bring back more demand for Peer-to-peer network sharing.

The record labels are suggesting a variable pricing so that more popular tracks can be sold for more.

The music industry also seems to be unhappy with AppleÕs domination (65% market share) and with the introduction of new lower cost digital music players it seems likely that the company will maintain its position. Although Apple also refused to comment it is believed that Steve Jobs, Apple CEO, is deeply unhappy with the attempted price hike.

For the full story:
The Register - Music download prices to rise