Jobs Resists Music Industry Pressure

Drew writes "Steve Jobs is opposed to raising the price of online music sales, calling the music industry greedy, and implying that price increases will bring about more piracy." From the article: "It may not seem like it, but it has been more than two years since the launch of the iTunes Music Store, and that alone has the music industry brimming with hopes for price-adjustments. They also don't buy Jobs' argument that a price increase will result in more piracy, but probably not for the reasons we might assume. I've long been of the conviction that piracy is not nearly as large of a problem as the RIAA makes it out to be." Also covered at Macworld.

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Re:A different approach to the online music market

[digidave]

News flash: The record companies do not pay for the studio time, producers, recording equipment or anything else associated with making an album. They charge the artists for that. Record companies pay for marketing and advertising, although even then some of that is billed to the artists.