Apple talking to labels about unlimited music: report


NEW YORK (Reuters) -
Apple (AAPL.O) is in talks with major
music companies to offer customers free access to its entire
iTunes music library in exchange for paying a premium for its
iPods and iPhones, the Financial Times said.


Citing people familiar with the talks, the paper said the
negotiations hinged on a dispute over the price Apple would be
willing to pay for access to the labels' libraries.


One industry executive said research showed consumers would
pay a premium of up to $100 for unlimited access to music for
the lifetime of a device, or a monthly fee of $7-$8 for a
subscription model.


Apple was not immediately available for comment.


(Reporting by Yinka Adegoke; Editing by Louise Ireland)

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