iTunes Indie Meeting Notes

BWJones writes "The CD baby! site contains notes taken from the indie music meeting recently held at Apple. Interesting statistics revealed were that there are about 500k songs/week being downloaded from the iTunes Music store and that 45% of songs are being purchased as albums. Other interesting items of note are that Apple is treating everyone as equvalents in that all labels receive equal treatment with the same deal, the same agreements and you work with the same team of people. What's more is that Apple cuts a check EVERY MONTH which is huge for the smaller labels." Wired has another story about iTunes which notes that what Jobs taketh away, the community is bringing back.

I don't know which was faster...

[pcaylor]

I don't know which was faster, the information about the iTunes store on the CDBaby site being pulled or the obligatory post about how slow it is to copy files on an 8600/300.

Cool!

[American AC in Paris]

Wired has another story about iTunes which notes that what Jobs taketh away, the community is bringing back.

I saw a similar story yesterday on a popular community-driven geek news website. [slashdot.org]

You should check it out sometime!

Re:No. Apple cuts a cheque...

[_xeno_]

Actually... if you look at check [m-w.com]'s entimology:

Middle English chek, from Middle French eschec

Seems to suggest that "check" is the correct modern spelling and that people writing "cheque [m-w.com]" are just weird, or "chiefly British."

Besides, incorrect spelling is one of the cornerstones of Slashdot, like incorrect grammer. (How many people will catch that, I wonder?) Complaining about it is so passé.

Re:Album sales [will quickly fall off]

[DataSquid]

It's my prediction that they'll start seeing album sales drop rapidly as people finish "switching" their music collection to the new format. Once you've got all your old vinyl in AAC, you'll probably not want to risk the $10 on a new, untested album.

Re:Apple the first, but ...

[Snocone]

...whoever comes along with a 35 cent version of a similar service using another format [vorbis.com] and a better bitrate?

Going broke on the difference between the 35 cent retail and the 65 cents label royalty per track is a fairly predictable first consequence, one would think

Re:Where are these numbers coming from?

[panda]

This is no reflection on the accuracy or your post. I pretty much agree with you.

I just found it to be humorous that the quote at the bottom of the page said, "The bogosity meter just pegged," when I read your post.

I just had to share that, at the risk of loging karma.

Re:The now-yanked Full Text

[veddermatic]

I think the world explodes or something. I'm starting a band just so I can find out.

Quicken's Take On This

[Anonymous Coward]

I remember having a version of Quicken back in the early '90's. At the end of the manaul, there were several appendices, one was entitled "Notes for Canadian Users". Most of it was concerned with differences in interest calucations (360 vs 365 day years etc.) but they close by saying "Also, you will notice this the only page in the manual on which the word "cheque" is spelled corectly."

Re:full article in case of dashslotting

[Anonymous Coward]

They probably meant $410 billion. It was a typo.

Re:[OT] Re:No. Apple cuts a cheque...

[Daniel Dvorkin]

I think Entomology, I think "the study of big talking trees." But maybe that's just me.

Re:full article in case of dashslotting

[Anonymous Coward]

Meanwhile, VA Linux has $41 dollars.

Re:Appeasement of labels

[f0rt0r]

And if you do this on a special day of the week, a certain simian creature will come out of a special orifice of you body!

Re:Album sales

[Anonymous Coward]

People want to be able to get the one track for a small price over the internet - not a whole CD with 12 filler tracks and one good track.

Not to be a naysayer or anything, but where did this meme come from?

Some guy named Sturgeon, I seem to recall.