iTunes Shutdown Scare Officially Over, Officially Dumb

The National Music Publishers Board didn't get their request to the Copyright Royalty Board for a larger cut of digital music sales, putting a definitive end to a miniature media crisis over the "possible" shutdown of iTunes. Apple threw a minor shit-fit over the prospective hike last year, insinuating that they might not be able to continue business if they were "no longer able to do so profitably" (what business sense!), after which the British press decided that music was going to go away forever, or something. In any case, iTunes' profitability was never really at stake, Apple wasn't actually planning to shut down the largest music retailer in the US, and the press needs to calm down. [BBC]

iTunes Shutdown Threat Probably as Dangerous as Large Hadron Collider

Today the US Copyright Royalty Board is going to decide if they agree to increase music royalty payments as requested by the National Music Publishers Association, and for some reason the British are panicking over the idea that the Apple iTunes Music Store will shut down because of this. The reason for their hysteria is a Board at the Library of Congress deposition by iTunes vice president Eddy Cue in 2007: More »