Originally Posted by *BaseClogger*
That's not true. I wrote a paper about it for one of my business classes in November. I used a Wall Street Journal article which described why iTunes was raising prices on popular songs to $1.29. Selling songs for 99 cents was hurting the record industry. I'm on my way out to a softball game, but if you do a little research on the internet you should come to a similar conclusion. Later...
A number of things come to mind.
1. That the "record industry" (and by this, I mean the big labels) claim to not be profitable through iTunes probably reflects more on their business practices than iTunes (who I believe have served up over a billions downloads.) As I recall, the $0.30 bump in price for popular tunes is nothing more than a "fad tax."
2. iTunes isn't the only game in town. There are _many_ legitimate ways to buy music online.
3. My main concern is that the people who make the music get paid so they can continue to make music. Disagreeing with the practices of the music industry doesn't excuse stealing. Citing a lack of profitability doesn't excuse stealing.