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iTunes Music Store - 'Coolest Invention of 2003'
Pingsmoth writes "Time Magazine has just named the iTunes Music Store as their Top Coolest Invention of 2003. Also among this year's favorites are 'fish-skin bikinis, a new love drug, the car that parks itself, and the invisible man'."
Actually, record contracts are geographically specific. Contractually, a record label gets the rights to sell recordings on behalf an artist in one specific country or group of countries. For example, the rapper Dizzee Rascal is on XL Records in the UK, but will be on Matador in the US. Since labels are responsible for promoting and manufacturing records, they usually limit themselves to a certain region. It makes sense in terms of physical recordings being sold through shops. I have to agree that such a system doesn't make sense online. However, you run into the same issues with books and electronics as well.
This doesn't make the U.S. the hub for all music. In fact, there is a considerable amount of international music that never makes it to the States. There are even bands from Canada that don't make it to the U.S.
Actually, you don't even have to click a mouse. You can set iTunes to rip a CD upon insertion, and eject when finished. The only time you would have to click is if iTunes finds multiple matches from the CDDB library, but that doesn't happen very often.
My English teacher once told me that two positives don't make a negative. Two words for her: Yeah, right.
using this to sell iPods isn't exactly the greatest idea, IMO
I'd trust Steve Job's business sense over yours any day unless you've managed to start a company as successful as Apple and then managed to save it from the administrative blunders of the next few CEOs.
The iPod is now Apple's highest margin product. If they sell $2000 of computer or $2000 of iPods, they make more money on the iPods. The iPod is the most popular portable mp3 player on the planet, so Apple must be doing something right with their sales strategies.
The majority of your 99 cents goes to the RIAA. I highly doubt that the RIAA trickles any of that money down to the labels who will spread it out amongst their artists.
The RIAA's cut is exactly $0.00. The money goes to the label, whose job it is to pay the artists. If an artist doesn't want to deal with a big label, they can always use CDBaby and put their music on the iTMS and get a very large cut of the profits.
t'nera semordnilap