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Universal Mulls Month-to-Month Deal With iTunes

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Universal Mulls Month-to-Month Deal With iTunes

Technology

Universal Mulls Month-to-Month Deal With iTunes

Universal Mulls Month-to-Month Deal With iTunes

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  • <iframe src="https://www.npr.org/player/embed/11663442/11663443" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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There are reports that the world's largest music company, Universal, will not renew its annual agreement to provide songs to the iTunes Music Store. Instead, it wants to switch to a month-to-month contract.

Record labels have wanted to be able to charge more for songs than the 99 cents that iTunes charges for most of its music. But analysts say Universal has few choices, as iTunes controls more than 75 percent of online music sales, and many consumers see the music industry as greedy.