At the latest Apple event, the company touted iTunes LP as being a really cool way to experience your music, but that cool experience is costing music labels.
According to a recent Gizmodo post, Apple is said to be charging $10,000 for the production of an iTunes LP. Not only that, but they are currently not offering this nice feature to indie labels, even if they could afford this hefty price tag.
In the end, the LPs generally cost iTunes users between $10 and $15 to get an interactive interface with photos, music, and videos of their favorite artist. It looks like we won't be seeing any lesser-known artists for a while though, thanks to Apple's production fee.
Via Engadget
