Fergie's Tech Blog

Universal Music Declines Long-Term iTunes Deal

Greedy bastards.

Yinka Adegoke writes for Reuters:

Universal Music Group, the world's largest music company, has declined to sign a long-term deal with Apple Inc.'s iTunes music store, leaving open the possibility for exclusive deals with other services, an industry source said on Sunday.

Universal will continue to sell music and videos of artists including 50 Cent, Mariah Carey and Black Eyed Peas via iTunes on a month-to-month basis, rather than be locked in to a two-year agreement Apple had proposed, the source said.

The music company, owned by French media giant Vivendi SA could now agree to offer significant portions of its repertoire exclusively to new partners, potentially weakening Apple's dominant hold on digital music retail.

posted by Fergie @ 7/01/2007 10:04:00 PM