Apple Deny Reports that they are quitting iTunes: We are still negotiating with Universal

Reports are saying that record label Universal Music Group are not planning on renewing contracts to sell music thought iTunes as been thwarted by Apple. Apple are denying these reports/rumors and are in fact still in negotiating with Universal. Many sources like the Wall St. Journal, New York Times and so on have said before that Universal planned to end its contract with Apple. “We are still negotiating with Universal,” Apple spokesman Tom Neumayr said. “Their music is still on iTunes and their not re-signing is just not true.”

This would been a major blow if all this was true but as you can see Apple deny these rumors and are in negotiation.

What are your views on this matter? And would it affect you if these rumors were true?

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