We found out the other day that Apple had threatened to close the iTunes store if royalty rates increased. Today the bill that would have created this problem has been shut down.
The three-member board that sets statutory copyright licenses e-mailed the Digital Media Association (DiMA), the National Music Publishers’ Association, Apple, and other download stores with its decision to keep the royalty rate at 9.1 cents a song
There we have it, we all can breathe, iTunes stays.
[via cnet]
