iTunes a Loss Leader
So, just where is your 99 cents going when you buy a song at the iTunes Music Store? Well, it isn’t going to Apple. Steve Jobs tells The Register that most of that money is going to mollify the RIAA and the greedy record labels: Your 99c belong to the RIAA – Steve Jobs (The Register).
If you haven’t read it already, read Steve Albini’s The Problem with Music. Albini lays out some real numbers and shows how the record labels make millions while the musicians are actually left in debt.
