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In his interview to Reuters, Steve Jobs, Apple Inc. CEO spoke against music subscription models and promised that the iTunes store would not introduce them despite the pressure from the music industry. “People want to own their music," he said.

Subscription models are actually a way of renting music and bring recurring income to the music companies. However, “customers don't seem to be interested in it” and [such] “model has failed so far," Jobs said.

He also expressed confidence that half of the songs offered on iTunes will be in DRM-free format by the end of the year.

Read more:
Jobs says Apple customers not into renting music, Reuters