All I can say is for once I’m actually impressed with a record label. I hope this works as a model for all the other records labels, and proves itself as a viable way to sell music.

EMI and iTunes are once again teaming up to move the digital music industry forward by giving music fans higher quality audio that is virtually indistinguishable from the original recordings, with no usage restrictions on the music they love from their favorite artists — said Eric Nicoli, CEO of EMI Group.

DRM-free tracks from EMI will be offered at higher quality 256 kbps AAC encoding, resulting in audio quality indistinguishable from the original recording, for just $1.29 per song. In addition, iTunes customers will be able to easily upgrade their entire library of all previously purchased EMI content to the higher quality DRM-free versions for just 30 cents a song.

Source: Apple Unveils Higher Quality DRM-Free Music on the iTunes Store