Monday, May 26, 2008

Apple, Nokia, Motorola agree negotiation of European 'iPod levy'

Consumers purchasing iPods, iPhones, Macs and an array of similar consumer electronic devices, including VHS and DVD recorders, may soon be required to pay a Europe-wide levy on every sale. Led by music industry groups, rights-holders in Europe have been pressing local lawmakers and consumer electronic device makers to agree to such a tax. They want money raised through this levy to be distributed to rights-holders. Today’s news is that consumer electronic companies - after stiff resistance t