Whine, whine, whine.
No explanation of why Apple should be "employing talents scouts, giving space to allow bands to stream their music and paying smaller artists directly rather than through a third party aggregator,"
He also neglects to mention that with iTunes, the artist keeps 70% while with a typical label they get a much smaller percentage.
Pete you are totally clueless about the way the music business operated in the old days and the way it operates today. You thought you were getting a great deal when you were actually getting f**ked.
1. When large act audited record labels, they ALWAYS found heaps of money because of shoddy accounting. This is no longer the case with iTunes.
2. Record labels had zero customer service i.e. they did not have a direct relationship with the artists fans and they didnt empower fans to have relationships with each other. Itunes does
3. Record labels did not have the flexibility to offer music with a quick turn around and in various ways. Itunes does. Fans love choice and speed.
4. Labels could not guarentee every artists record in every record store in the world. Itunes distribution covers the world...more distribution points equals more sales.
5. Record labels had packaging that was bad for the environment. iTunes does not.
6. Record labels were extorted by record retailers and regularly got screwed. iTunes pays everyone 100%, a 100% of the time and does not charge for price and positioning.
7. Record labels often stopped selling artists when they didnt sell enough records to warrant pressing more because of cost. iTunes does to discriminate so every artist is not fall victim to this.
8. Record labels had close to 10 years to figure out a digital solution and they didnt do it. iTunes figured it out, unfortunately record labels screwed over artists by giving them poor royalty rates on digital sales.
Pete is a clueless old man whose bands music is sold on iTunes because he didnt have a decent contract with his record label to force them not to. His solo stuff is not sold so his fans are left to try and figure out how to get, most likely in a format they detest.