Record Labels May Back Down Over iTunes Pricing

Good news, the record labels should realize that with the availabity to share musics they can't press there luck by overcharging.

Record Labels May Back Down Over iTunes Pricing

The record industry may be on the verge of waving the white flag in front of Apple (AAPL) boss Steve Jobs and abandoning its demand for iTunes to charge different prices for different songs, The Post has learned.

Negotiations between Apple and the four major music companies ?- whose iTunes deals all expire in the next two months ?- have reached a crucial point as several record executives now say they are unlikely to convince Jobs to allow variable pricing, sources said.

This marks a change of tune for the record industry, as late last year several executives said they believed variable pricing ?- something the music companies have been pushing for ?- was imminent.
Record Labels Back Down