Financial Times FT.com

Labels try to raise prices for music downloads

By Scott Morrison in San Francisco and Tim Burt in London

Published: February 27 2005 21:54 | Last updated: February 27 2005 21:54

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 that the labels want a bigger slice in the fledgling market's spoils, has angered Steve Jobs, the Apple Computer chief executive who is behind the popular iTunes online music store.

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