Record Industry Pushes Apple to Raise iTunes Prices
A good read on Apple’s iTunes, and how the big recording companies are suffering from greed. If the labels are getting $0.70USD from every song, that leaves Apple with at most $0.19USD. Take out the cost of paying the credit card companies for the transactions (which, let’s say is 4% of the purchase price) of about $0.03USD, that leaves a whopping $0.16USD for Apple to play with. The cost of hardware for storage and the increasing bandwidth demand would still be well under that for Apple (since they make some of the storage hardware I’m sure).
The point here is, the labels want more money. They aren’t happy with 70.70% of the price – they want more. How much of this money goes to the artists? How much does it cost the labels to market their songs on iTunes? Let’s see those percentages Mr. Recording Label Guy, let’s see where the money is going! iTunes is popular because of the low price. I don’t mind paying $0.99USD for a single song, but much more than that, and I think I’ll pass. Take your eyes off of your bank statements, and look at how beneficial services like iTunes have become to you.
Technology News: Music & Film : Record Industry Pushes Apple to Raise iTunes Prices
