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Why the RIAA cries

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James Robertson

Posts: 29924
Nickname: jarober61
Registered: Jun, 2003

David Buck, Smalltalker at large
Why the RIAA cries Posted: Jul 27, 2006 12:50 PM
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This post originated from an RSS feed registered with Agile Buzz by James Robertson.
Original Post: Why the RIAA cries
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Feed Description: James Robertson comments on Cincom Smalltalk, the Smalltalk development community, and IT trends and issues in general. 		Latest Agile Buzz Posts
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Here's why the RIAA hates digital music:

Record companies keep about 72.5 cents on average for a 99 cent song, Dave Jaworski, CEO of PassAlong Networks, at the AlwaysOn Stanford Summit. PassAlong sets up online music services for other web sites. It has a big store on Ebay too.

At $17 for a CD, they get to keep more money per sale (and still pass virtually nothing on to the artist). It's all about the profit margin to which they've become accustomed.

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