Here's a little something from engadget:
We know he’s been feeling the pressure lately, but Steve Jobs lashed out against “greedy” record labels at the Apple Expo today, warning them that any increase in the price Apple charges for downloads from the iTunes Music Store would result in more piracy and fewer profits. [T]he record labels...think that they should be able to charge more money for newer hits than they charge for back catalog.
If Jobs is right, the labels aren't only being greedy, they're being stupid. In other words, he's right.