| iTunes heads to Latin America |
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| Written by AKA |
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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, 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. |
| Last Updated on Saturday, 21 January 2012 06:40 |
