Steve Jobs, Apple's Chief Executive and all-around company big man, says that despite calls from the music industry, a subscription-based model for Apple's iTunes service won't be coming any time soon. For now, the company will be sticking to their tried and tested iTunes business model.

"Never say never, but customers don't seem to be interested in it," Jobs told Reuters in an interview. "The subscription model has failed so far." Jobs also added that "people want to own their music." A lot of folks in the music industry are pushing for the subscription service so record companies can make more money from recurring income.

Jobs' comments come at a time when Apple is getting ready to renegotiate contract renewals with major record labels next month. Aside from the subscription service, one of the topics that will be sure to come up is the DRM issue. "There are a lot of people in the other music companies who are very intrigued by it," said Jobs, referring to Apple's call for selling songs without DRM. "They're thinking very hard about it right now."