Record companies making a fortune

According to this article in the UK Independent, the record companies are making a killing from online music sales. The paper says that of the average ninety-nine cent cost of a downloaded song, the record companies are taking sixty-two cents, or apparently almost double what they made on a CD. Not only that, their distribution costs have fallen to virtually zero.

Meanwhile, the same record companies have been prosecuting grandmothers and 14 year olds, claiming online music was killing the business.

The online stores are making a paltry four cents, which will cause most of them to go out of business, says the paper. And the artists? Well, apparently the artists, who actually create the product, aren't making a penny more. That's why many artists, like this one, don't even bother to sigh with a record company. They cut their own CDs, make a lot of live appearances, and sell their CDs online and at their concerts. It's a living, apparently. Jah Works has been around since at least '96.

For music lovers, as more bands forgo the record scene, it's likely more music with more variety will be available over the long term.

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