Universal Music Declines to Renew Contract with iTunes
Music July 3rd, 2007
From a weekend of triumph, to this…
• Apple Dumps NBC | NBC & News Corp. Announce Hulu.comThe Universal Music Group of Vivendi, the world’s biggest music corporation, last week notified Apple that it will not renew its annual contract to sell music through iTunes, according to executives briefed on the issue who asked for anonymity because negotiations between the companies are confidential.
Instead, Universal said that it would market music to Apple at will, a move that could allow Universal to remove its songs from the iTunes service on short notice if the two sides do not agree on pricing or other terms in the future, these executives said. [NYTimes.com]
• Contract Out On K-Fed?
• iTunes is No. 2
• iTunes 7.01 Update Released
• iTunes is No. 1 (in music sales)
