Music industry to surrender to Apple

THE RECORD industry is apparently on the verge of surrendering to Jobs' Mob's demands that music prices be kept at .99 cents a single on iTunes.

Universal, Warner Music, SonyBMG and EMI North America are all in various stages of renegotiating their digital deals and had made lots of public statements that the flat rate charge was a non-starter. Some told the New York Post they may end up pulling their music from iTunes.

They wanted older songs to be charged at 60 cents and 80 cents with newer songs being priced as much harder.

Jobs called them all greedy and said he would hold his breath until he turned blue until they gave in.

Now according to the New York Post, they have. µ