Universal and Apple End Long-Term Deal
 

Despite supposedly selling an estimated half a million iPhones this weekend, not everything is coming up roses for Apple. According to the Hollywood Reporter, Universal Music, one of the four major music labels, has decided to not renew a long-term licensing deal to have its music sold on the iTunes Music Store.

As a source told the Hollywood Reporter, the refusal to sign a long-term deal was to give the label more flexibility should another device or service come along seeking exclusivity. However, the agreement between the two companies should continue on a month by month basis. So don't worry about stocking up on U2, Sting, and Mariah tracks for your iPod--at least not yet.

http://blogs.pcworld.com/digitalworl...sal_music.html