I checked out itunes and it looks as if they are paying artists a whopping 5% of profits for every song that is downloaded! What a scam! Is that for real? I thought Amazon was bad by only paying indie artists 45% of list! Who would be stupid enough to sell out to Apple. Just keep using ccnow.com and pocket 90% while doing your own CD shipping.
Comments
During the "No limit spending" heydays of record companies, it t
During the "No limit spending" heydays of record companies, it took at least 1 million album sales just to recoup their costs.
(Studio, packaging, artwork, distribution, 36 middle men etc etc)
Which meant the artist made NO money from the first million sales.
Now an artist can spend his/her own money on recording, and start making money right away with iTunes.
The trend started with Van Halen's subesequent albums, when Eddie refused to let his record company control his studio recording, and walked into Warner Brohters and gave the record company the 1/2" masters he recorded himself.
$0.70 per song ain't bad. That is as much as you get for a whol
$0.70 per song ain't bad. That is as much as you get for a whole album from the biggies. Besides, pretty soon iTunes and the other on-line sales orginizations are going to take over most of the music distribution. They just anounced last week that they had sold their one billionth song. I think people are starting to realize that, rather than buy a whole CD for $15 - $18 with only one good song on it, they can just go to iTunes and buy that song for $0.99.
Joe Crawford
Stony Mountain Studio
Shanks, WV 26761
ITunes is selling tracks for 99 cents each, they have no stock t
ITunes is selling tracks for 99 cents each, they have no stock to inventory and no shipping department it is all done over the web you would think they could afford to give the artist more but they are in business to make money not to spend it. If what my sources tell me most artist today get one dollar or less for each CD they sell. So they get 1/18th of the sale price. The rest goes to the merchant, the distributor, the record company and for marketing and advertising. The artist is getting about 6% of the sales price so it is pretty close to what ITunes is offering the artist. Wake up and smell the roses....the artist has always been at the end of the pay out line from the early 40's to today.