What the Reuters summary somehow missed is that the new, higher-quality tracks will be priced at $1.29. Notice, however, that they will not replace the existing $.99 songs. Buyers will have the option of choosing either version. Also, if a customer already has tracks from EMI, they will be able to upgrade to the better-sounding, DRM-less versions at $.30 per track.LONDON, April 2 (Reuters) - EMI Group Plc (EMI.L: Quote, Profile , Research) said on Monday it was making its music catalogue available through Apple Inc's (AAPL.O: Quote, Profile , Research) iTunes store without the anti-piracy measure known as digital rights management (DRM).
"The new higher quality DRM-free music will complement EMI's existing range of standard DRM-protected downloads already available," EMI said in a statement as the company began a joint press conference in central London with Apple Chief Executive Steve Jobs.
Also, the higher quality is indeed pretty high quality for compressed music, being 256 kbps instead of the iTunes store's standard 128 kbps. When I want to rip stuff to sound really good, I use at least 190, and I can only tell the difference if I purposely listen to the source CD back-to-back with good headphones. 256 kbps is a much higher bitrate than I use normally.
Also at CNN, BBC, AP, Business Week, C|Net, and a whole bunch of others.
Transcript of the Q&A session immediately after the announcement is posted here:
http://www.appleinsider.com/article.php?id=2624