http://money.cnn.com/2008/09/30/technology/itunesthreat.fortune/index.htm?postversion=2008093014
Interesting play right now. Thursday there is a vote to raise royalties from 9 cents a song to 15 cents. Apple said they would rather shut down than raise their price of songs to make up the change.
Could be interesting. iTunes is the new wave for artists to get their music out to the world so if iTunes does in fact shut down, it takes a large amount of profit with it.
They spend a ton on advertising, etc. but I wonder what their profit margin is with the 9cent royalty? I bet it is still ridiculous.
didn’t read it…cliffs?
I smell bluff
Copyright holders of music want .15 per song rather than .09 per.
Apple says they can’t raise iTunes prices without losing sales and won’t take the hit themselves, since it’d likely make the music store unprofitable.
They need to come to an agreement otherwise iTunes music store could potentially close down. (It won’t close, they’ll hammer something out)
Maybe they are just trying to get a piece of the $700 billion buyout…
eh its not that big of deal, UK itunes prices are higher and they bitch about them when they see the U.S. prices. So the prices
will just even them out
Do they still use DRM on their music?
they need to go to the department of internet money and get their cut.
:lol: tron guy rules
it’s just the market adjusting…
I could care less if they shut down the store. As long as itunes program still runs, I dont have a problem with it.
seriously, i have not spent one cent in the itunes store, I just use it for podcasts.
99 cents for a song is bullshit, I would rather buy a cd at a live show than buy it online…
profits from itunes keep the cost of ipods down. they dont make any money on ipods.
its true. everyplace pretty much sells them at cost. maybe a bit more. but they make virtually no money on them.
cliffs: currently getting .09 per song, asking for 66% more(.15), will end up making 0.00.
Haha pretty much.
lol sounds a lot like the american auto industry
/shrug … best buy bought napster… maybe my stock will go up 
Apple pays an estimated 70 cents of every dollar it collects per song to the record companies responsible for each track. The record companies turn over nine cents to the music publishers who control the copyrights to these tunes.
Pretty easy to see who should be absorbing the difference when you read that part.
$0.70 of your $0.99 is going to the record company, who in turn only give $0.09 to the copyright holder. Hmm, $0.64 for the record company and $0.15 to the copyright holder still sounds more than fair to me. To be honest, it still sounds like the artist is getting fucked by the record company.
Apple pays an estimated 70 cents of every dollar it collects per song to the record companies responsible for each track. The record companies turn over nine cents to the music publishers who control the copyrights to these tunes.
Pretty easy to see who should be absorbing the difference when you read that part.
$0.70 of your $0.99 is going to the record company, who in turn only give $0.09 to the copyright holder. Hmm, $0.64 for the record company and $0.15 to the copyright holder still sounds more than fair to me. To be honest, it still sounds like the artist is getting fucked by the record company.