iTunes Saved: Feds Decide Royalty Rate, Everyone Claims Victory

10/04/2008
. (Jam!) The big dust up over the feds changing royalty rates that had iTunes singing a tune of shutting down now has all sides singing a song of victory. Jam! has the story:

The federal Copyright Royalty Board on Thursday left the royalty that songwriters receive on sales of CDs and digital downloads at US 9.1 cents per song for the next five years.

Both songwriters and music sellers applauded the ruling - but for different reasons. Apple Inc., which had threatened to shutter its iTunes store if the rate increased, appeared to have scored a clear win. - more on this story

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