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Originally Posted by sleepy jack
Now I don't understand why you think itunes is going to hurt the RIAA or the big four - you realize they make money off of legal downloading right? Those songs are paid for and labels like Sony get their cut for their music that's put up. Now Girl Talk/Radiohead and that method of getting people to music probably will kill the big four but itunes won't at all if anything it helps by forcing them to modernize while still making a profit.
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it does, iTunes is certainly responsible for the decline of the record label. since 2004 iTunes sales have risen dramatically while CD sales have plunged up to half what they were selling at their 2000 apex. record labels (and artists) make a significantly larger profit from CD sales; only about 8-12 cents per dollar ever sees the artist through online distributors. compared to about a 60% cut that goes to record labels from CD sales, yeah, it's a pretty big difference.
i wouldn't suggest that iTunes is the sole culprit for the losses which the big four have been posting the past decade, but it's certainly part of the zeitgeist. the widespread migration towards a more mobile community in the past ten years has allowed technologically-savvy companies like Apple to take advantage of the continuing trend.