Universal May Leave iTunes
May 29, 2007
New York (dBTechno) - Universal is currently refusing to renew its deal with Apple iTunes leaving the Apple service in a bit of trouble.
The world’s biggest music company Universal Music Group of Vivendi has stated that it is not going to renew its annual contract to sell music through iTunes.
Universal stated that it is going to market music to Apple at will instead of the previous deal. Executives stated that this Universal decision has major ramifications on Apple as it means that Universal can pull songs from the iTunes service at will if terms are not met between the companies.
More than 15% of sales from Universal in the first quarter came from digital music sales. Apple and Universal had no comment as of press time.
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