Apple Inc. is in talks with major music companies to offer customers free access to its entire iTunes music library in exchange for paying a premium for its iPods and iPhones, the Financial Times reported.
Citing people familiar with the talks, the paper said the negotiations hinged on a dispute over the price Apple would be willing to pay for access to the labels' libraries.
One industry executive said research showed consumers would pay a premium of up to $100(Rs.4000) for unlimited access to music for the lifetime of a device, or a monthly fee of $7 to $8 (Rs.300-350 approx) for a subscription model.
Apple was not immediately available for comment.
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