Could this be the end people? No more iTunes music store? Well it seems that Apple has threatened to shut down the iTunes music store if an obscure three-person board appointed by the Librarian of Congress increase the royalties paid to publishers and songwriters by six cents per song.
This Librarian of Congress wants to increase the amount publishers and songwriters get paid from 9 cents per track to 15 cents a track. If the Librarian of Congress would increased this amount to remain profitable Apple would have to raise the price of it’s tracks from $.99 cents to $1.05 to compensate. This however would go against their long coveted $.99 price point for tracks, which Apple intends to stay by. So could this be the end of the iTunes Music Store? And if so, what will all you iPod/iPod Touch/iPhone (3G) users do after? Leave us a comment here, what will you do if the iTunes Music Store shuts down on after Thursday’s decision? Let us know