[BC] Virgin Megastores to close

[Dana Puopolo]

Someone did!

From every Itunes 99 cent sale, 71 cents goes to the label, 8 cents to the
artist(s), 6 cents to the credit card processor and Apple gets the rest. With
their 14 cents, Apple has to do all the marketing, all the bookkeeping,
provide all the bandwidth, servers. etc., pay all their employees and and
supply all the customers. Apple claims thay only make a couple cents
profit-but claims that Itunes is a loss leader for their iPods, their real
moneymaker.

All the labels have to do is cash the checks Apple sends them-but guess what?
The labels don't think 71 cents a song for doing nothing is enough. They
wanted more-and they got it-Apple is now selling DRM free songs for (I
believe) $1.29 and the labels are getting more then a dollar per song.

How do YOU spell greed?

R I A A !

-D

From: "Bowen, Jonathandcast at radiolists.net>

I just want someone to do some really in depth investigation into where all
the $0.99 a song goes. I'd like to see how much an artist gets for each song.
Course a free market also creates opportunity to change things so just like
open source software and the creative commons stuff is impacting the market
(what little it does now) Indy music could make some big inroads and maybe
eventually fix the system.