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Universal Music says ‘no thanks’ to long-term iTunes deal

Posted by Michael Gay on July 1, 2007

iTunes has held a stranglehold on the online music market for a while, but this could be the first crack in the dam. Universal Music has declined to sign a long-term deal with iTunes, and instead will transition to a non-exclusive month-to-month sales partnership. That will give Universal the right to exclusive deals with other online music sellers, for some or all of their music.