Today’s not-so-stunning revelation:
Apple Makes No Money with the iTunes Music Store
I’ll bet this is why they’re so eager to court indie labels- they might actually make a *tiny little bit* of money off them. Damn shame. I have yet to buy anything from iTMS, as I can not afford an ipod. How worth it is this place going to be if less than 1% of 1% of all music buyers owns an ipod. I don’t know the real percentage, but I’m sure it is a tiny tiny fraction of people.
Sort of Update: Knowing that actually makes no money from this and being pretty sure that the artists makes none either, I can’t say I’m going to buy anything from the apple store. Even if the labels got 25 cents a song they’d be making a shitload of money. Hell, 25 cents a song is a lot.