Tuesday, June 07, 2011

TuneCore CEO: Apple Has Just Monetized Pirated Content (Mashable)

Check the full post for speculation about how the income will be distributed

While this is all well and good — and a long time coming — the real clincher here is iTunes Match, which will automatically, and in a matter of minutes, match songs that you ripped to songs in the store and add them to your library. You won’t have to pay for each individual song, but you will have to shell out about $25 a year for the ability to have your library available.

“This puts together a model that allows people to make money off of pirated music,” says Price, pointing out that users who pirate music will end up paying for it anyway if they decide to go with iTunes Match, putting money back in the hands of rights holders.

TuneCore CEO: Apple Has Just Monetized Pirated Content

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