Up in the air...
From Ziff Davis/Yahoo:
Portal company Yahoo Inc. informed customers of its subscription music download service that it will increase pricing for users who transfer their tunes onto portable devices or CDs.
The Sunnyvale, Calif., firm forwarded an e-mail to its Yahoo Music Unlimited subscribers late Thursday telling customers that it plans to double the fee it charges for the so-called unlimited service from $4.99 per month to $9.99 per month, for people who buy the service on an annual basis.
Yahoo said people who subscribe to the download service on a monthly basis will see their memberships increase from $6.99 per month to $11.99 per month....
Web-based download pricing has come under increased scrutiny recently from leaders in the music industry who say that Apple's 99 cents per song payment plan won't generate sufficient income to cover recording companies' expenses for recruiting, signing and supporting artists.
At the CTIA Wireless IT and Entertainment Conference last month, Edgar Bronfman, the chief executive of Warner Music Group Corp., said in a keynote that more flexible pricing plans were needed to help defer the cost of recording and promoting performers.
However, Apple CEO Steve Jobs has rebutted such observations, calling the recording industry "greedy" and warning that more consumers will resort to illegal file sharing if companies raise their process significantly....
Portal company Yahoo Inc. informed customers of its subscription music download service that it will increase pricing for users who transfer their tunes onto portable devices or CDs.
The Sunnyvale, Calif., firm forwarded an e-mail to its Yahoo Music Unlimited subscribers late Thursday telling customers that it plans to double the fee it charges for the so-called unlimited service from $4.99 per month to $9.99 per month, for people who buy the service on an annual basis.
Yahoo said people who subscribe to the download service on a monthly basis will see their memberships increase from $6.99 per month to $11.99 per month....
Web-based download pricing has come under increased scrutiny recently from leaders in the music industry who say that Apple's 99 cents per song payment plan won't generate sufficient income to cover recording companies' expenses for recruiting, signing and supporting artists.
At the CTIA Wireless IT and Entertainment Conference last month, Edgar Bronfman, the chief executive of Warner Music Group Corp., said in a keynote that more flexible pricing plans were needed to help defer the cost of recording and promoting performers.
However, Apple CEO Steve Jobs has rebutted such observations, calling the recording industry "greedy" and warning that more consumers will resort to illegal file sharing if companies raise their process significantly....
posted by Ontario Emperor | 19:41
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