Apparently many record companies are expected to ask Apple iTunes to change their 99 cents per-song download model to a monthly subscription service. The Silicon Republic has reported that Apple will be negotiating with music label Universal and has reportedly already began talks with Sony-BMG, Warner Music and EMI to renew contracts for iTunes content. Here's More:
Amid industry fears that music sales are steadily falling, media labels are said to be looking to negotiate a more lucrative business model with iTunes, where labels would take a share of monthly subscription payments.
Of course, iTunes recently introduced the "Complete My Album" program, which allows customers to turn their individual tracks into a complete album at a reduced price by giving them a full 99 cent credit for every track they have previously purchased from that album. Complete My Album offers customers up to 180 days after first purchasing individual songs from any qualifying album to purchase the rest of that album at a reduced price.