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New York: Apple users may be able to access the entire iTunes music library for free, if Apple Inc’s talks with major music companies come through, the Financial Times said.
Apple Inc has proposed a plan by which major music labels would allow customers free unlimited access to the iTunes music library in return for a premium paid on Apple products including iPods and iPhones.
FT said the negotiations depended on the price Apple would be willing to pay for access to the libraries.
One executive said that research has shown that consumers would pay a premium of up to $100 for unlimited access to music for as long as the device lasted, or between $7-$8 for a monthly subscription fee.
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