The market for downloaded music is strong enough to take a price rise, according to the major music labels.
Several big labels are in talks with online music retailers to get them to increase prices,according to the FT. The labels are looking to increase the wholesale prices shops pay for tracks. Sites in the US typically sell tracks for 99 cents each. The wholesale price is currently 65 cents per track, according to the FT.
If EMI wants to raise the wholesale price of its music, fine. But if several labels have gotten together to discuss a price increase across the board...isn't that price-fixing? And isn't that against the law?
Hat tip to Bound By Gravity.