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Apple to Lower Prices of U.K. iTunes Tracks

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.

Wednesday, 9 January 2008