'Your papers, please' must never be heard in America
What do pop-music rivals Rihanna and Katy Perry have in common? Well, they could be working for the same team if a merger between their parent companies, Universal Music Group and EMI, gains approval from U.S. and European regulators.
Nearly 50 years after the Beatles took television by storm, the Fab Four's songs became available on iTunes on Tuesday, setting the stage for a possible new outbreak of Beatlemania _ this one online.
For Apple Inc. CEO Steve Jobs, getting the Beatles' music on iTunes marked the end of a "long and winding road."
He told lawmakers that with Apple and Amazon accounting for 90 percent of sales and 80 percent of total digital revenues, record companies are in no position to manipulate the market.
"In this environment, pricing does not sit within the gift of record companies, regardless of size or market position," he said.
