No doubt those of you who follow the music media business have heard that Steve Jobs is supposedly working on a program with the major labels to sell fully-loaded, "all you can eat" iPods with virtually everything ever recorded.

Well, if you have you may not be getting the real story.

My contacts at the record labels confirm that discussions have been going on for sometime — for Europe.

No deal can happen in the U.S. very easily because of publishing issues.

Nokia apparently has set the bar for what it would take to get the labels to offer their libraries as a benefit for buying a fully-loaded MP3 player — that’s $80 per unit.

There’s more to this story… please visit Jerry Del Colliano’s site.