TKJunkMail
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ
 ·Sprint Mobile Broa..
 ·Comcast
1 edit |  RE: Apple threatens to close Itunes
Their threat worked. The CRB caved and didn't raise the rates payable to songwriters.
»news.yahoo.com/s/nf/20081002/tc_nf/62239
Copyright Royalty Board announced Thursday that it will not increase the royalties paid by online music stores to members of the National Music Publisher's Association. The decision to keep the royalty rate at nine cents per song is the first ruling by the CRB on digital-music downloads.
The controversy caused considerable controversy online, particularly in the wake of comments by Apple representatives suggesting the company would no longer be able to profitably operate its popular iTunes Store.
The NMPA had asked the CRB to raise the royalty rate from nine to 15 cents, a 66 percent increase. Apple protested, arguing that due to massive infrastructure costs, the profit margins on each iTunes music sale are too slim to absorb the proposed increase.
In fact, Apple has repeatedly pushed to have the nine-cent royalty reduced, saying it is unnecessarily high. P.S. the NMPA is NOT the same as the RIAA. The NMPA represents songwriters, sheet music publishers, etc.
--
My BLOG .. .. Internet News .. .. My Web Page
Ask yourself one question: 'Do I feel lucky?' Well, do ya punk? |
RARPSL
join:1999-12-08
Suffern, NY
| Of the 90 cents (of the 99 cent track fee) that does not go to the NMPA, how is the money split? IOW: How much does Apple keep and how much does it pass on to the Music Publishers/etc? Since Apple (in effect) is just distributing the music, I think that any extra royalties should be absorbed by the Publishers not Apple (since it is the Publishers not Apple who contract with the Songwriters). |
