Breaking: UMG Will Not Renew iTunes Contract

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Not much info on these HOT SCOOPS, but Matt Drudge is reporting that Universal Music Group will not be renewing its iTunes contract with Apple. This means that the iTunes Music Store is going to lose a lot of tracks and customers will soon follow. With the iPhone just released, I’m sure Apple is going to beef up iTMS promotions but this could pose a major setback for everyone, both Apple and customers.

Drudge Report

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