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	<title>NYU Local &#187; iTunes</title>
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		<title>Who Actually Uses the iTunes Music Store?</title>
		<link>http://nyulocal.com/entertainment/2008/10/02/who-actually-uses-the-itunes-music-store/</link>
		<comments>http://nyulocal.com/entertainment/2008/10/02/who-actually-uses-the-itunes-music-store/#comments</comments>
		<pubDate>Thu, 02 Oct 2008 16:04:15 +0000</pubDate>
		<dc:creator>Joe Coscarelli</dc:creator>
				<category><![CDATA[Entertainment]]></category>
		<category><![CDATA[iTunes]]></category>

		<guid isPermaLink="false">http://nyulocal.com/?p=2175</guid>
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Fortune is reporting on the anticipation of today&#8217;s expected Copyright Royalty Board ruling which will decide whether music publishers should receive a whopping 15 cents per digital track sold as opposed to the 9 cents they receive now. Seemingly minuscule figures until you realize that Apple expects to sell 2.4 billion songs through iTunes this [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://nyulocal.com/wp-content/uploads/2008/10/picture-21.png"  rel="shadowbox[post-2175];player=img; attachment wp-att-2176"><img class="alignnone size-full wp-image-2176" title="iTunes Music Store" src="http://nyulocal.com/wp-content/uploads/2008/10/picture-21.png" alt="" width="530" height="319" /></a></p>
<p><em>Fortune</em> is <a href="http://money.cnn.com/2008/09/30/technology/itunesthreat.fortune/?postversion=2008093015" onclick="javascript:pageTracker._trackPageview('/outbound/article/http://money.cnn.com/2008/09/30/technology/itunesthreat.fortune/?postversion=2008093015');">reporting</a> on the anticipation of today&#8217;s expected Copyright Royalty Board ruling which will decide whether music publishers should receive a whopping 15 cents per digital track sold as opposed to the 9 cents they receive now. Seemingly minuscule figures until you realize that Apple expects to sell 2.4 billion songs through iTunes this year and the publishers are asking for a 66% increase in their cut. Y&#8217;know, for the musicians who are making the music and all.<span id="more-2175"></span></p>
<p>Apple has essentially said they will shut down the iTunes store should this decision not go their way. Vice President of iTunes, Eddy Cue:</p>
<blockquote><p>&#8220;Apple has repeatedly made it clear that it is in this business to make money, and most likely would not continue to operate [the iTunes music store] if it were no longer possible to do so profitably.&#8221;</p></blockquote>
<p>Obviously this isn&#8217;t going to happen, but more importantly, where are these billions of purchases coming from? Surely it&#8217;s not college students, who I&#8217;d like to think have realized by now that music is free. Are we buying digital music? And if so, why? Enlighten me.</p>
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