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iTMS Sells 100,000,000th Song
Macslacker writes "At 10:26 PM PDT on Sunday, July 11, Apple apparently sold its 100 millionth song at the iTunes Music Store. While the contest may now be over, congrats to Apple for a job well done."
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Somersault (Dangermouse remix) by Zero7
RTFA; Kevin Britten of Hays, Kansas downloaded Somersault (Dangermouse remix) by Zero7; the 100 millionth song purchased from the iTunes music store. He will receive a 17-inch PowerBook, a 40GB iPod, and a gift certificate for 10,000 iTunes songs to create the ultimate music library for his new iPod. In addition we awarded 50 special 20GB iPods -- one to the purchaser of each 100,000th song downloaded between 95 million and 100 million songs.
He got some really nice prizes out of it too.
According to some automated logs I've been keeping of the contest the winning person won between Mon, 12 Jul 2004 05:19:29 GMT and 05:24:53 GMT.
The number of songs sold at the first time was 99992422.
The number of songs sold at the second time was 100014607.
Apple sold a total of 22185 songs in that five minute 24 second period. For those wondering that's roughly 68.5 songs per second.
Congrats to whoever it was.
Damn I thought i was filled with miss information.
Apple get's $.10 from each sale. That's 11% for you math wiz's.
Record labels get the bulk of the rest, but that's what they do anyway. It's the Record labels that rip off the artists. independant artists, get the same rate as labels , but take home larger percentage due to the fact they don't pay labels.
Also modern Computers can duplicate recording studios for independant artists. I know of several that use a G4 tower to record and clean up their music, burn the original CD, and then use a cd duplicator to make their own CD's. They then due all the shipping themselves. Distribution via iTunes saves them time, as they don't have to duplicate the music.
i thought once I was found, but it was only a dream.
Apple makes almost NO money on their cut, they may make a little on volume but they aren't rolling in the dough by any stretch. Out of their $.35 they have to pay for bandwidth, servers, admins, advertising, and most importantly credit card transaction fees. In fact that is the reason that the iTMS was able to exist at all, they hammered out a deal with the CC companies to get lower rates on the credit card processing because typically a CC transaction cost ~$.25 plus 3% of the transaction, that rate would have eliminated any chance at break even let alone a profit. Btw indie artists who have a more fair revenue distribution agreement with their label may well earn significantly more through iTMS since the costs are so much lower the label is free to give an artist a fairly large cut of their 65%, remember Apple opened up the iTMS to more than just the big labels.
There are 4 boxes to use in the defense of liberty: soap, ballot, jury, ammo. Use in that order. Starting now.
Kinda strengthens your point, since a member of the music industry (Apple Records) can make sure that Apple Computers is severely limited with what it can do regarding music.