The Financial Times is reporting that Apple is in negotiations with the big record companies to offer an unlimited subscription model. The deal would give customers access to the entire iTunes music Library in exchang efor a premium price put on Apple devices (iPod, iPhone, etc).
Nokia currently has this model and offers the music companies $80 per handset for the priveledge - to be split up based on the downloading habits of its users. Apple, on the otherhand, is only offering $20/device.
According to FT:
One executive said the research had shown that consumers would pay a premium of up to $100 for unlimited access to music for the lifetime of the device, or a monthly fee of $7-$8 for a subscr
