Apple and the music industry have settled their biggest differences, with the iPod maker agreeing to allow variable pricing on its iTunes digital music store and the largest record labels dropping restrictions which prevented tracks from being copied.
The deal, announced at the MacWorld conference on Tuesday, heralds a three-tier pricing system on the world’s largest digital music store. Apple will allow music companies to offer older tracks for 69 cents and new hits at $1.29, as well as continuing to sell songs at the current fixed rate of 99 cents.
