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Posted Jul 27, 2006 08:16 by Alaric S. Listed in: Off Topic Tags: CNET, Michael Jackson, Credit Card, Michael Kanellos,
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mp3 downloadIn case you don't know, the 99 Cents Download isn't very popular with major music labels. It does sound a bit small, considering Michael Jackson has to feed his chimp and llamas. And then there's Whitney and Bobby's "hobby" which isn't exactly cheap. But we found out the artists don't even get all the 99 cents. The record label does! Which explains why it's the record executives, not the artists, who's been crying all the way to the bank.

Michael Kanellos, an editor at CNET News, says record labels make the most from legal downloads. Record companies keep about 72.5 cents on average for a 99 cent song. Does the rest go the Bubble's retirement fund? Not at all. The credit card company also gets a small slice. Then the last slice goes to the people who sold the song. No wonder Jackson isn't doing much singing these days.

[Via C/Net] Permalink  |   Email this  |   Linking Blogs   |   Digg It!

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