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Apple has said it will reduce the cost of iTunes song downloads in the UK following an EU antitrust investigation.

The long overdue move will see track prices fall from 79p to 67p within the next six months. UK consumers had previously been paying around 10% more than the rest of the EU.

Revenues from online creative content across Europe will reach €8.3 billion (£5.5 billion) by 2010, according to an EU study. The spread of broadband, mobile and the adoption of digital gadgets will drive the growth.

The research, titled 'Interactive Content and Convergence: Implications for the information Society' assessed the outlook for the online content market, identifying growth areas and potential 'roadblocks' for the market.