How Bands You've Never Heard Of Are Making Tons Of Money On iTunes
A band you've never heard of -- AC/DC cover band AC/db -- made over $32,000 from music sales in November. How is that possible?
Under the old business model of music sales on physical media, it wouldn't be. For a band to end up with that much money in its pockets after the distributor and record label had taken their cuts, its music would have to have posted gaudy, unmissable sales numbers.
AC/db, on the other hand, just had to do around $45,000 in sales at the iTunes store. After Apple took its 30 cents on the dollar, that left $32,000, of which the band's distributor -- TuneCore -- took nothing at all