🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

Apple iTunes seen hitting more EU markets in 2010

Published 10/20/2009, 10:20 AM
Updated 10/20/2009, 10:27 AM
VIV
-

* Apple optimistic on upping iTunes availability in Europe

* EMI, Universal agree to online music distribution rules

* EMI in imminent deals with two collecting societies

* SACEM mulls non-exclusive portal for online services

By Foo Yun Chee

BRUSSELS, Oct 20 (Reuters) - More European consumers should be able to download songs from Apple Inc's iTunes music store next year after the firm and other groups agreed to rules for online music distribution, the European Commission said.

Existing practices for music licensing and the copyright framework in Europe can make it difficult for consumers to buy what they want on the Internet.

Apple, which currently does not let European users buy from iTunes online services outside their country of residence, controls just over half of global digital music sales through iTunes.

Apple, Amazon.com and music company EMI were among several signatories to a joint statement on Monday that set out general principles for online distribution of music in the future, the Commission said.

"Apple has indicated that they were optimistic about making the iTunes store more available to European consumers in more European countries in the coming year," Commission spokesman Jonathan Todd told a regular briefing on Tuesday.

"This is a concrete step forward in terms of a better offer of online music for consumers, which will also benefit the music industry by ensuring better conditions in the market," he said.

Vivendi SA's Universal Music Group, mobile phone maker Nokia, music royalty collecting societies SACEM, PRS for Music and STIM, and consumer organisation BEUC also signed up to the general principles.

"It is the first time that players from various parts of the market have agreed on a common roadmap," Competition Commissioner Neelie Kroes said in a statement.

EMI is set to announce non-exclusive deals with collecting societies SGAE of Spain and France's SACEM, while SACEM will look into setting up a pan-European, non-exclusive portal of songs for online services, the Commission said.

SACEM, which collects royalties for about 128,000 artists, said in May it was willing to drop territorial restrictions and allow national rivals to license its repertoire.

The Commission, which polices competition in the 27-country European Union, in July 2008 prohibited 24 European collecting societies from anticompetitive practices such as membership curbs that prevent authors from choosing their society. (Editing by Dale Hudson)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.