iTunes Changes Its Tune: Apple has announced that it will cut the price it charges for music downloads in the UK from its iTunes music store within the next six months. Apple currently charges 79 pence per download in the UK, compared with 99 euro cents (74p) in the rest of Europe.

The European Union Pushes for Single Market in Web Media: Brussels says it will “encourage” the content industry, telecom companies and Internet service providers to work closely together to provide consumers with better access to music, TV, films and games via mobile phones or the internet.

‘We have to make a choice in Europe: Do we want to have a strong music, film and games industry? Then we should give industry legal certainty, content creators a fair remuneration and consumers broad access to a rich diversity of content online,” said media commissioner Viviane Reding.’

Changes: EMI has tendered a conditional resignation from the International Federation of the Phonographic Industry – the global trade lobbying group for the music business. The working group of major-label executives is discussing the consolidation of music industry trade groups—particularly the merging of the IFPI and the RIAA. (Billboard)

Debt Jam: According to sources Def Jam records may be in serious money trouble. Sources says the founding Hip Hop label is almost 100 million in the hole and needs serious selling records. Idolator points out to the low budget feel for the new Janet Jackson video.