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Your 99c belong to the RIAA - Steve Jobs
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IH

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Post Posted: Sun Nov 09, 2003 8:03 pm Reply with quote   Back to top    
The Register wrote:
Who, when you last looked, were a dinosaur oligopoly of five record labels, desperately seeking a way to preserve their copyright cartel into a new century. They were down, and they were out: but Steve Jobs rode to their rescue.

"Most of the money goes to the music companies," admitted Jobs.

With Bit torrent becoming the perfect distribution technology of digital media, can you imagine a world where you pay 10c / song with 9c going directly to the artists?

And then there's the argument that Jobs is saying this so there's less incentive for other companies to join the competition. Whether he's lying, you decide.

Article here.

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