Financial Times FT.com

Top music labels try to raise prices for downloads

By Scott Morrison in San Francisco and Tim Burt in London

Published: February 28 2005 02:00 | Last updated: February 28 2005 02:00

Some leading music labels are in talks with online retailers to raise wholesale prices for digital music downloads in an attempt to capitalise on burgeoning demand for legal online music.

The moves, which suggest the labels want a bigger slice of the fledgling market's spoils, has angered Steve Jobs, the Apple Computer chief executive behind the iTunes online music store.

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