1/03/2008
Apple and Jay-Z Launching Record Label
Forget all the hype around iTunes movie rentals. Looks like something even bigger will get announced at MacWorld this year.According to the rumors buzzing around the Interweb, Apple is launching a record label with Jay-Z, who's set to step down from Def Jam once his employment contract with Universal Music Group expires. Jay-Z has one more album left in his current contract with UMG. I wonder if he could just push out a quick greatest hits album?
Does that mean there might be another Apple vs. Apple lawsuit in the works? Not so fast. The last settlement between Apple, Inc. and Apple, Corps (The Beatles' record label), gave Apple, Inc. all rights to the name "Apple." Apple Corp. now licenses the right to use "Apple" from Apple, Inc.
Maybe now the RIAA will just lay down in the grave they dug for themselves during the Napster era and die already.
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This is frickin huge!!!! Jobs is a smart man. He knows people do not want to pay over .99 for a song and if this rumor is true it will be a huge blow to the other labels that insist on raising prices. If the right "artists" sign on then this will create competition and prices will probably be .99 or less for a song every where. You may hate itunes for their DRM but they are the big guy that know that raising prices is a bad thing. (remember when it was proposed that prices be raised and lowered for certain songs and Jobs said no to it.) Some good can come of this.
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