Apple won’t shut down iTunes, Royalty Board doesn’t change rates

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So iTunes doesn’t have to shut down. The U.S. Copyright Royalty Board has decided to not change the rate on royalties that music stores have to give to the record industry, which was 9.1 cents per download.

The Copyright Royalty Board basically determines the rate on how much digital stores like Apple and Amazon have to pay every time you purchase a song on their service. But yesterday, Apple threatened to shut down its popular iTunes Store if the change would go ahead.

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