As Greg Sandoval pointed out over at News.com, Apple may be close to winning over even more movie studios to make iTunes rentals a reality. And while I'll be the first to admit that this is a major victory for Apple, considering the possibility of its service being relegated to irrelevance in the video space, how big of a victory is it for Steve Jobs?
As one BusinessWeek column points out, Steve Jobs was only able to win the studios over by increasing the amount he's willing to pay for films. According to the report, Jobs had once capped the amount he would pay for each movie sold at $14, but has agreed to the $17 fee larger retailers like Wal-Mart are currently paying.
To make matters worse, the music industry has stood up to Jobs for the first time and has offered DRM-free music to Amazon even though Jobs and Company have been asking for such a deal for quite some time.
So what's really going on? Has Steve Jobs -- one of the world's most powerful CEOs -- lost his power? You better believe it.… Read more