Today, EMI announced that their entire catalog will be made available on the iTunes store without DRM. So, you want to just know the deal, rather than read the whole release, eh? Ok, here it is.

• 128k AAC with DRM – $0.99 | € 0.99 | £ 0.79
• 256k AAC without DRM – $1.29 | € 1.29 | £ 0.99

Looks like the Euro folks are still getting a bit hosed, but not too badly.

Yes, that second one is a higher bit rate too. Why? Lots of folks have complained about low bit rates on the iTunes store. Personally speaking, I don’t care about the higher bit rates, but I’m jazzed about freedom to move my music around to devices other than my iPod. Speaking as someone who’s got a Nokia N95 in his future, this will be a big win.

Yes, the price has increase by $0.30, but I’m willing to pay a small premium for keeping all of my fair use rights intact.

Update: I updated the post to reflect the proper bit rate – 256k instead of 224k.

Currently playing in iTunes: (Nothing But) Flowers by Talking Heads