Published at 3:36 PM on April 7, 2009

By Rachel Dovey

iTunes modifies individual track prices

Though we likened the struggle between iTunes and the music retail industry to Milton's epic battle, we're hoping that Apple's announcement today will help forge an (uneasy) peace between the two cosmic forces. As we previously announced, Apple has ended the fixed pricing of 99 cents for individual tracks, instituting instead a tiered pricing of 69 cents, 99 cents and $1.29 for various tracks, depending on record companies' discretion and the wholesale cost of each album.

As their reparation fee, however, labels have agreed to sell all songs on the iTunes without "digital rights management" technology, which limits users' abilities to copy songs and upload them to other computers.

Whether this will be a final olive branch remains to be seen.  

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