L:L must have missed this one, not a huge amount of detail but interesting for some none the less..
Terms of Apple’s agreement with record labels for its newly launched Australian iTunes Music Store were recently disclosed to Think Secret, offering insight into the business that goes on behind the scenes between record labels and the biggest digital music store.
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While financial terms can vary between record labels, sources report that Apple is typically paying AU$0.99, excluding GST, for every single that it sells for AU$1.69. Apple’s cost for albums varies from AU$5.99 to AU$11.99, depending on which tier the album falls into; Apple typically charges customers AU$17.99 for those albums. Apple’s terms with the labels also stipulate that the wholesale price Apple pays for an album will never exceed the aggregate of the songs if they were sold separately, in keeping with Apple’s policy of charging less for albums with fewer tracks.