Bader’s Bits

That’s how this article on the latest legal and business trevails of the record labels begins. They just can’t seem to get a break. Even now that they’ve gotten hip to online distribution and sold over 1 billion tracks through iTunes, there’s another prosecutor exploring price fixing charges.

And now that Steve Jobs and Apple got their way by keeping the flat $.99 per track pricing, the record companies have lost online pricing power.

I don’t mean to gloat, nor do I think Apple and iTunes are perfect, but it’s nice to see how market and legal forces can affect even the most arrogant companies.