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iTunes heads to Latin America Featured

Archive Written by  AKA Friday, 20 January 2012 01:00 font size decrease font size increase font size 0
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Reggae artistes are set to cash in on the rollout of iTunes stores across Latin America as Apple extends its sphere of influence below the equator.

The iTunes Store is reportedly available to users users in Argentina, Bolivia, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala,
Honduras, Nicaragua, Panama, Paraguay, Peru and Venezuela

A recording contract for recording artistes would typically offer a net royalty of about 15 percent, according to several music executives. That means that for a $1.29 download from iTunes, after Apple takes its standard 30 percent fee, the artist would be paid 13 or 14 cents. This represents a significant chunk of the income for performing artistes all over the world.

Read 2706 times Last modified on Saturday, 21 January 2012 01:40