Posts Tagged ‘royalties’
Question by stoicp1th: How do companies such as I-pod work in respect to royalties and distribution? As we all know the times have changed and now musicians and the industry are making their money on MP3 downloads and through such services as i-pod. I was wondering how the royalty process works? Also as in the old days record stores would buy by bulk of the record and sell it but now its all digital. Now how does this work out does a company such as I-pod buy the rights and only purchase the album once? Or do they have to buy the song or album based upon how many orders are placed?
Answer by cradduck205Apple uses percentages to pay the royalties for the songs. Of the $ 1 it costs for a song on iTunes, the majority of it will go to the artist and the record company, while only a small amount, lets say 10 cents, stays with iTunes. Seems like a small amount of money but with well over 1 billion songs sold, Apple has already brought in hundreds of millions of dollars this way.
What do you think? Answer below!Related Posts:
At about 5:00 PM in Washington, D.C., today, the U.S. International Trade Commission (ITC) will decide if it should review a judge’s findings from January that concluded neither Apple’s iPhone or RIM’s Blackberry infringed patents held by Eastman Kodak Company. Antonio Perez, CEO of Kodak, told Bloomberg a victory could be worth more than US$ 1 billion in royalty revenue for the beleaguered company, which lost almost half its market value in the past year.
“This is a lot of money, big money,” Perez told Bloomberg.
The dispute centers on a patent broadly described as an “image-preview feature in camera phones.” In 2009, Kodak filed similar complaints against Korean manufacturers Samsung and LG Electronics. In those cases, both related to the same patents Apple and RIM are accused of violating, the ITC ruled in favor of the 131-year-old Kodak company. Samsung and LG paid a combined $ 964 million to settle the matter before it could be escalated to the ITC’s full six-member commission which has the authority to ban importation of products that infringe U.S. patents.
Continue reading Kodak wants $ 1B in royalties revenue from Apple, RIM
Kodak wants $ 1B in royalties revenue from Apple, RIM originally appeared on TUAW on Fri, 25 Mar 2011 15:30:00 EST. Please see our terms for use of feeds.
Source | Permalink | Email this | CommentsRelated Posts: