Recordcompanies thinks iTunes are to cheap

Apple‘s iPod and its online-based musicstore iTunes has both become huge successes. The latter with the big recordcompnies backing it up which in turn was happy with the sales going up. However now it seems that at least two of the biggest companies wants to make more money on iTunes and complains about the price, 99 cent per song, is not enough. The recordcompanies get 70 of the price and apparently it is not enough. They think they aren’t amking enough with these prices, specially on new hitsongs, and has now published a suggestion how the pricing should look like.

A hot new single, for example, could sell for $1.49, while a golden oldie could go for substantially less than 99 cents.”

It should be pointed out that this does not apply to all recordcompanies as many seem happy with the price of today. Exactly how the companies are thinking, who are known to be greedy, is hard to understand. Especially as Steve Jobs and iTunes has saved a lot their income which would otherwise have disappeared as illegal downloads.

“As I recall, three years ago these guys were wandering around with their hands out looking for someone to save them,” said Mike McGuire, an analyst at Gartner G2. “It’d be rather silly to try to destabilize him because iTunes is one of the few bright spots in the industry right now. He’s got something that’s working.”

While we the consumers are complaining about the high price of the compressed media, it seems some recordcompanies thinks they aren’t high enough. The quesiton is who Apple will listen to.

Source: CNET