Some iTunes singles pricings reportedly to rise to $1.25

MacNN is reporting that...

Apple will reportedly be raising the price of some singles on iTunes to $1.25, according to today's New York Post, which quotes unnamed sources. The move comes as all five major record labels recently resigned and apparently renegotiated some terms of their contracts with Apple. Some albums have already been subject to higher pricing for the last few months, and labels also reportedly wanted to have the option of selling only full albums, an idea that Apple rebuffed. EMI and Sony Music, which launched its own online music service, are said to have been the most aggressive on pricing. If the price of some singles does in fact rise to $1.25, it would be counter to what Apple CEO Steve Jobs told the media when the third-generation iTunes Music Store launched just ten days ago.

I can't say I'm happy about that!

Article Here.

UPDATE: Apple is denying this rumor.

"These rumors aren't true," said Apple spokeswoman Natalie Sequeira. "We have multiyear agreements with the labels and our prices remain 99 cents a track."

Article Here.