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Apple to Lower Prices of U.K. iTunes Tracks

Posted in Live (January 10, 2008 at 6:51 pm)

Apple:

Apple today announced that within six months it will lower the prices it charges for music on its UK iTunes Store to match the already standardized pricing on iTunes across Europe […]. Apple currently must pay some record labels more to distribute their music in the UK than it pays them to distribute the same music elsewhere in Europe. Apple will reconsider its continuing relationship in the UK with any record label that does not lower its wholesale prices in the UK to the pan-European level within six months.

This is about compliance with European regulations.

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Apple Lowering iTunes Prices in UKApple to level the playing field with UK EU pricesApple to standardize iTunes prices throughout EuropeApple to standardize iTunes music prices across EuropeApple lowers UK iTunes prices, points finger at labels

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