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iTunes vs. Music Industry

August 27th, 2005  |  Published in Music, Technology

Let me see if I have this right. Less then three years ago no music executive could figure out how to make a profit selling digital music online. Then along came Apple and half a billion downloads and a 75 percent market share later, one company showed an entire industry what is possible.

Now comes more news reports that several major labels want to rework their contracts to move away from the .99 cent pricing model.

Basically, they want to charge more for new or popular music. Hey Sony and Warner, how much money is enough? Apple built iTunes and the music store. They put millions behind it in advertising, and they sold the heck out of your product. You music executive cry 24/7 about people downloading your music for free. Ever think your business strategies (not to mention quality of content) might be a root cause?

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