Thank you god. Thank you tough working digital music people. A little while ago, the digital music industry (most noteably Itunes) was wracked with worry. Royalty rates were spiking so badly that I tunes rep Cue said, If iTS (iTunes Store) were forced to absorb any increase in the mechanical royalty rates, the result would be to significantly increase the likelihood of the store operating at a financial loss - which is no alternative at all.
"Apple has repeatedly made clear that it is in this business to make money, and would most likely not continue to operate iTS if it were no longer possible to do so profitably,"
Well thank god it didn't The world, or at least everyone with Ipods, can breath easy. We are safe.
http://news.bbc.co.uk/2/hi/technology/7645537.stm
http://www.dailytech.com/Royalties+Scare+Abated+iTunes+and+Web+Radio+to+Rock+On/article13102c.htm
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2 comments:
Wow if itunes were to stop working I dont know what I would do,,, actually I would probly start downloading illegaly but I don't want to do that. I also agree that many people would be mortified if they went to the itunes store just to find out that it doesnt exist any more,
that is really really scary. every tuesday i check itunes for new songs and i almost always get one or two. i can not live without my ipod and if itunes shut down i would be DEVESTATED. let's all just hope it keeps working.
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