Besides the fact that Apple's threat to possibly shut down the iTunes store if regulators approve a royalty hike for artists is utterly ridiculous, the news that artists are actually getting excited about making $0.15 per track instead of the $0.09 they're making now is laughable.
Of course, the musicians were quick to point out that Apple's (and the record labels' by the way, which they fail to cite) idea to change the fee structure from a set payment to a percentage isn't fair either. Apple and other retailers want to set the royalty rate to six percent or $0.048 per track, while the record labels are looking to put the rate at eight percent or $0.056 per $0.99 iTunes track.
Granted, Apple's idea is more than a little ludicrous considering the artists are already making almost twice that on each track and it's fine paying up to the record labels, but why haven't the musicians finally seen the light and spoken out against the labels too? They're trying to undercut the price as well and yet, the musicians have nothing to say to them?
What a joke.
Why do the record labels get a pass when Apple and the rest of the music services are being lambasted by musicians when the record labels are treating them just as poorly? I know, I know: it's all about who pays your bills. Fine. I can accept that. But don't you think that maybe (just maybe) some of these musicians would wise up and realize that their beloved employers are treating them like garbage and the vast majority aren't making nearly as much as they should on each sale on iTunes?… Read more
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