
From Digital Music News
Major labels are seeing sales decreases following a shift towards variable pricing on iTunes, according to numerous sources to Digital Music News. The sources included executives within major labels, all of whom requested anonymity.
In the initial weeks following the pricing changes, including a move towards top-end, $1.29 downloads, overall revenues are moving downward. That goes far beyond the top tracks, and includes the aggregate of millions of songs. “It’s what we’re seeing after the first couple of weeks, on a top level,” one executive shared, without discussing specifics on individual artists. Continue Reading