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Royalty rate stays the same, iTunes Store still open

The U.S. Copyright Royalty Board decided today to keep rates the same for digital music stores, kneecapping Apple's threat to shut down the iTunes Store rather than operate at a loss. The three-member board kept the royalty rate at 9.1 cents, and mandated a 24-cent rate for ringtones. The board has ...

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VP: Apple would rather close iTunes Store than pay additional royalties

If a ruling expected tomorrow by the Copyright Royalty Board raises royalties for online music sales from 9 to 15 cents per track, Apple would rather shut the iTunes store down than operate it at a loss. Them's fightin' words. Eddy Cue, Apple's iTunes VP, wrote in a statement to the Times of London...

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