Apple threatens to shut down iTunes over royalty hike

Apple considers shutting down their online music store if panel decide royalties for downloaded tracks should be increasedApple could shut down iTunes, the world’s biggest online music store, if a ruling expected tomorrow forces the company to pay more to music makers for each downloaded track.The Copyright Royalty Board (CRB) in Washington DC will decide whether to grant the request of American music publishers to increase royalty rates on songs bought from online music stores such as iTunes.

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