UPDATE: Stroppy Apple threatens to close iTunes in MASSIVE SULK over royalty payments

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There are two very important financial rulings being voted on today. One is something to do with banks and mortgages and the world not ending, which we couldn’t care less about and certainly don’t intend trying to understand.

The other is to do with Apple and the amount of royalties it pays to record labels in return for selling their music on iTunes. Three Copyright Royalty Board judges are meeting in Washington today, to decide if Apple should be forced to boost its royalty payments from 9 cents a song to 15 cents a song for each track sold via iTunes – a 66% increase.

Apple has, incredibly, threatened to CLOSE iTunes…

Digital Copy arrives in the UK with hopes of ending piracy. Pah!

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The “Digital Copy” concept was unveiled nearly a year ago at Macworld 2008, but given the time it takes for most ideas to crawl the Atlantic seabed to Blighty, the first DVD title featuring the technology has only just been released here.

Twentieth Century Fox’s “What Happens in Vegas” DVD now comes with the ability to legally rip a copy of the film to your iTunes library, where it can then be moved onto your iPod or iPhone, or just watched on the desktop without having to use the disc.

Jim Gianopulos, chairman and chief executive of Fox Filmed Entertainment, said he was “thrilled” with this “incredibly simple way for our customers to get even more out of their DVD purchase”, claiming that iTunes compatibility wa one of the most requested features of DVD buyers…

EMI adding over 400,000 new tunes to We7's free streaming library

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We7, the free-to-use ad-funded music site that’s famously the brainchild of musical wildcard Peter Gabriel will, finally, soon feature the Peter Gabriel back catalogue in its listings.

This is thanks to music goliath EMI announcing a deal to stick 400,000 of its songs up on the streaming service before the end of the year, a move which will significantly boost the amount of content on the rapidly-growing free music site. Sony BMG…

UPDATED: RUMOUR: Apple music subcription service – iTunes Unlimited

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This is interesting – Apple have never operated a subscription service before, and Steve Jobs has gone on record saying that he didn’t like the idea of “renting” music. However, three prominent Apple blogs are all reporting that they’ve had an email from a tipster suggesting that an iTunes subscription service might be announced in late September…

Dell WANTS IN on the MP3 player and music retailing scene?

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Box-shifter par excellence Dell is planning to enter the MP3 player market, according to a bit of sniffing around from the Wall Street Journal.

The WSJ reckons that Dell wants a bit of the lucrative music retailing pie as well, so is planning to launch what industry experts will be calling an “iTunes killer” alongside its alleged range of players…