Tuesday 7 December 2010

Music piracy is officially over!

Is it?

Wired seem to think so in this article. Maybe the future of music is secure!

And given that they make the case well and that buying music is supporting artists - not just behemoth entertainment companies - maybe it's the right result.

So there’s really no reason not to buy—and surely you understand by now that there are reasons why you should. When you buy instead of bootlegging, you’re paying the band. Most download retailers send about 70 percent of each sale to the record companies that own the music. Artists with 15 percent royalty deals get 15 percent of that 70 percent, or about 10.5 cents per dollar of sales. Those who write their own music and own their own music publishing companies—an increasingly common arrangement—get another 9.1 cents in “mechanical royalties.” Every download sends almost 20 cents straight to the band.

Read the blog piece here.

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