Indie record labels in Europe are on the verge of striking an agreement with Apple that will allow its iTunes music service to sell tracks by artists such as the White Stripes and Basement Jaxx across Europe, laying to rest the controversy surrounding this issue.
The new deal is expected to ease the concerns of independent record labels that they would be locked into long-term contracts at fixed prices.
The percentage cut that they receive from songs sold over iTunes is also expected to be closer to the rates received by multinational record companies such as EMI and Sony Music.
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