I’m telling you. This is the very last time I trust the New York Times. The reports that Universal had decided not to resign their annual contract with Apple for the iTunes Store are now reportedly untrue.
Apple Inc. denied reports Monday that record label Universal Music Group did not plan to renew its contract to sell songs on its online iTunes Store.
“We are still negotiating with Universal,” Apple spokesman Tom Neumayr said. “Their music is still on iTunes and their not re-signing is just not true.”
Well, still negotiating is better than no contract, but I have to wonder what the hold up is. It still seems to me that Universal is trying to get a bigger slice of pie. It could also hinge on exclusivity of particular music releases.
