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Apple short-changing artists?
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Written by Danrok   
Tuesday, 04 October 2005 04:37

The Music Managers Forum will be grinding an axe today at a special conference in Manchester. They are unhappy with the small royalties which the artists get from Apple's iTunes.

The artist gets about 4.5p (6%) from a 79p download transaction compared to about 35p (12%) on a £2.99 single.

Snow Patrol manager and MMF chairman Jazz Summers said: "Sale prices and royalties have gradually been eroded to the point where an artist needs to sell in excess of 1.5 million units before they can show a profit, after paying for recording time and tour support."

The labels argue that the artists whose work they sell "have not had to invest heavily in creating new legal online services and fighting Internet piracy".

 

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