Apple May Close iTunesMister E. Meat (722685) writes "Dailytech cites new rate increases could make service unprofitable, put America's largest music retailer out of business. The labels' dreams may come true when the Copyright Royalties Board (CRB) meets today. The CRB is the U.S. judicial entity which was created by the Copyright Royalty and Distribution Reform Act of 2004 and governs everything from webcaster fees to the cuts labels receive on online music track sales. The CRB already has gained a controversial reputation for enacting rate increases which may put small webcasters out of business.
Now as the CRB reconvenes to possibly enact increases to online track royalties, a threat from Apple has emerged — raise rates, and Apple may pull the plug on iTunes."
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