iTunes is Here To Stay!

The Copyright Royalty Board decided Thursday not to raise the online royalty rates for song publishers, meaning much-publicized April 2007 threats by Apple to shut down the iTunes Music Store have become irrelevant. Had the board followed the National Music Publishers’ Association’s recommendation and hiked the rate on song downloads from 9 to 15 cents, it might have cut into Apple’s profits to the tune of $300 million over the next five years.