Thursday, November 20, 2003

Same As It Ever Was

The Commonwealth Club recently held a panel discussion on Internet Music Distribution. In this current age of online music, phase 2, the 'legitimate' online sources are supposed to lead the way to a brighter future.

But does that brighter future include the artists themselves?

Of course not.

This CNET MP3 Insider article shares Apple's iTune.com price breakdown for each 99 cent download:

The Labels get: ~65 cents.
The Credit Card companies get: 4 cents.
Apple gets: ~30 cents.
Aritists get: um... let's use the new math and say... a few pennies.

The Labels are responsible for setting the pricing. The Labels continue to rule. It's just wrong wrong wrong.

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