Doom looms for iTunes?

An attempt by the National Music Publishers' Association in the US to increase the royalties paid from iTunes could result in the online store´s closure.

According to iTunes vice president Eddy Cue the potential 66% increase in royalties from 9 cents to 15 cents a track could “significantly increase the likelihood of the store operating at a financial loss”. Though the store helps drive sales of Apple´s iPod portable media players and has sales figures in the billions, Apple's profit from it remains slim.

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