Apple floats idea of subscription iTunes service

Apple is talking to music companies about giving customers free access to its entire iTunes music library in exchange for paying a premium for its iPod and iPhone devices, it has been reported.

The new business model could provide the struggling recorded music industry with a much-needed boost and push demand for a new generation of Apple hardware, the Financial Times reports.

Apple would not comment on the plan, but executives say talks hinge on a dispute over the price the computer maker would be willing to pay for access to music labels' libraries.

The model would be a replica of Nokia's "comes with music" deal with Universal Music."

[via The Sydney Morning Herald]

emily | 9:30 AM | News, Buzz |
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