The three-member Copyright Royalty Board (CRB) recently convened to discuss royalty rates for digital downloads in the music industry. Apple, the world’s largest provider of digital music, claimed it would shutter iTunes if the music royalty rate jumped 66% from 9¢ to 15¢ a track. As Apple pays an estimated 70¢ on the dollar to provide each track, a 6¢ hike would take millions from Apple.
But the world’s largest and emptiest threat worked and now the rates have stayed the same.
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