At an Apple financial analyst conference on Wednesday CEO Steve Jobs admitted that Apple makes no revenue from the online download service, the iTunes Music Store, that he launched in April. As iTMS is the leading download service, with 80 per cent market share (or so Jobs claimed), where’s your 99 cents per song going? “Most of the money goes to the music companies,” admitted Jobs. “We would like to break even/make a little bit of money but it’s not a money maker,” he said, candidly.
On other multimedia news, the Federal Communications Commission took a historic step this week toward limiting piracy of digital television signals, enacting regulations that will affect not only consumer-electronics manufacturers, but Silicon Valley companies as well. Read an interesting commentary on the issue by Scot Hacker.