The Blog Post That Riled Eminem And Gave Steve Jobs A Court Date
On February 6, 2007 Steve Jobs wrote his “Thoughts On Music” on the Apple website.
He explained Apple’s need to ‘license rights to distribute music from others,’ mentioning Universal and the other large record companies.
This ubiquitous statement may now be the death nell for already struggling record companies.
Because Eminem read Steve Jobs ‘thoughts’, that line in particular and got pissed.
You see, the major labels equates digital downloads to the sale of music in other forms. Meaning they treat it like a CD. The artist only gets a small percentage of the sale.
Licensing agreements are different.
According to most licencing agreements the money is split 50/50 with the artists.
So are digital sales (i.e. ringtones and downloads) actual music sales (like CDs) or licencing agreements between record labels and other companies?
If they are licensing agreements then record labels owe a lot of money, which, let’s face it, they can’t really afford.
The ramifications are that important to the labels.
Which just means they expect to lose.Army Of One, chartreuse (beta), music, new media comment below, or link to this permanent URL from your own site.