![]() BUT what I DO know is that I will be treated fairly and Apple, as always will be transparent in their financial dealings with my company. Now, I know that when Apple starts it's streaming service I will not get a huge amount of money out of it compared to selling my albums individually. Simply put, "Stop giving away your music for 's costing you sales." The downside is that these days a tech savvy person only needs a 1/8" two ended stereo phone plug, and a computer or a very inexpensive flash recorder to grab a song, plug it into a free music editing program like Audacity and then put it on their Phone, tablet or computer for FREE.Īpple not only has a right, but a DUTY to inform their customers if they are planning a paid streaming service about how costly this problem is for business. It's understandable because these service could be said to act like radio stations and in the long run encourage people to eventually buy the album. These deals pay a very, very small percentage of what Apple pays. On reason we are selling yet is that we, like many other record companies have also allowed our content to be streamed. We now have over 8,000 tracks on iTunes and while in the last year, like all of iTunes our income is decreasing it still is a very valuable part of out business. When Apple tightened restrictions on how large a company could be to have a direct account with iTunes I started to become an aggregator for other companies and artists. ![]() But within 6 months all of them were up on the service.įor the first two years our income increased geometrically, starting with a deposit in our back for $35. So it took a good long time to upload the almost 140 titles in our catalog. (Some classical CDs can have up to 36 tracks on them and each have to be separately have their information inputted). ![]() It took a REALLY long time to upload each track of a CD. I was pretty unhappy about that but we did it anyway. In addition, they required us to ONLY use Apple computers to do so.Īt the time we were all PC so I had to buy AND learn how to use a MAC. When I was LUCKY enough to be introduced to Apple in 2004 and was allowed to establish a direct account with iTunes it was a very different experience.Īt first I was really daunted because the required that I encode and upload each track of an album through iTunesConnect. When internet services first started I spent a small fortune, (for us) give out our product to many, many startup services for them to encode and sell the albums on line, only to have them flop on their faces. If it weren't for iTunes I would have gone out of business 8 years ago. For almost 30 years I have owned a small, independent classical music CD company, Newport Classic. Many of the top India-focused VCs who had enthusiastically backed crypto companies just last year have since pivoted decisively into other industries, according to people familiar with the matter.I've said this before on SA and I'll say it again. The unfavorable climate, previously cited by Binance as grounds for its own caution over Indian expansion, has made venture capital firms dramatically wary of exposure to the embattled sector, said people familiar with the matter. India’s intensifying regulatory crackdown on cryptocurrencies has cast a chill over local investors once eager to back the country’s crypto startups. Coinbase later stopped onboarding new customers in India. New Delhi-based think tank Esya reported early this year that the local taxation rule had forced many Indian traders to use foreign platforms including Binance and Coinbase. Indian lawmakers have consistently praised Prime Minister Narendra Modi's leadership for protecting the Indian citizens from the frauds engulfing the crypto market and dramatic fall in asset prices. India began taxing virtual currencies last year, levying a 30% tax on the gains and a 1% deduction on each crypto transaction. The 97% plunge in trading volume comes as WazirX faces mounting regulatory pressure from Indian authorities that have left the country’s once-burgeoning crypto sector fighting for survival.
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