TuneCore: first iTunes Match royalties are "magic money" out of "thin air"

Music distribution service TuneCore has described the royalties from iTunes Match as "magic money that Apple made exist out of thin air for copyright holders," signaling early support of the service from one part of the music industry. TuneCore CEO Jeff Price made the proclamation in a blog post on Tuesday, making the first iTunes Match royalty payments sound like nothing less than a miracle. Without any details on how much individual musicians are taking home, however, it's not clear whether iTunes Match pays better or worse than similar services.

TuneCore is a service used by many independent musicians and ...

Read the full story at Ars Technica

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