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by James Robertson.
Original Post: Let the RIAA have it
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I'm normally skeptical of crusading prosecutors, but if the target is the RIAA, I'll make an exception:
The recording companies have been putting serious pressure on Apple's iTunes to change its pricing to a variable structure. They believe that the more popular content should cost more (the exact opposite of every economic theory in existence), and want Steve-o to break the $0.99/song fixed cost. After Mr. Jobs called the industry's leaders 'greedy', the gloves came off and real threats started to be issued.
Enter: Elliot Spitzer. As iTunes does conduct business in the state of New York, Red Herring has found that Spitzer has taken a keen eye to how the record companies want to price music, as well as how profitable downloads have already been for them. Though there are no implications of wrongdoing yet, the NY AG seems to think that both the current and proposed pricing models that the recording industry demands of online retailers warrant a further look.
I wonder how the label execs will like having the rectal probe pointed in their direction for a change.