Have you ever wondered how much iTunes account for digital sales online? One of our competitors CD Baby has published their 2008 results which shows that iTunes currently accounts for over 82% of their total digital revenues. This makes me wonder why artists are really keen to get their music in as many places as possible, instead of just focusing on the top retail points and building a base around them and their users.
In 2007 P2P music downloads were worth a staggering $69 billion, and all other forms of movie/television piracy are on the rise.
Techcrunch has been talking a lot about using music online as a free promotion tool, because eventually music will be free online. If record labels do use music online as a free promotional tool then they need to have other revenue stream. Warner Music is signing their new artists to 360 deals, in which allows them to have all revenues streams.
Somebody over there needs to put their thinking cap on, quit screwing around and just give the damn music away for free with no lawsuit strings attached.
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