It’s been expected for weeks and now it’s official — the four largest record companies have backed away from talk of variable pricing for music distributed through iTunes and agreed to stick with the current 99 cents per single download. Apple Chairman and CEO Steve Jobs has not budged from his content that the pricing is easier for consumers and deters piracy. The FT had the story first Monday; it was confirmed later by Apple. Not sure about the length of the contracts, though; we could be revisting the issue in a year.
By the way, the decision in the Apple-Apple lawsuit is due May 8 in London.