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Posted On: 04/19/2022 10:55:02 AM
Post# of 32984
"The new feature is available immediately..."
“With this new capability, we are greatly increasing our revenue potential and addressable market,” said Rory J. Cutaia, CEO of VERB. “ By enabling digital download ecommerce through the MARKET platform , we’re helping to facilitate the explosive growth of the creator economy, allowing virtually any creator to monetize their music, art, and eBooks, among countless other categories, while engaging directly with their fans and followers in a livestream event.
Opinions vary how how much Amazon and Apple charge artist for 'downloads". Here's one...
"The key part of the question is the word “download” which implies a purchase of a track or album in MP3 file format from Apple or Amazon. The standard Apple model is that they take 30% of sell price, but artists have to go through integrators to get music on Apple and they take a minimum of 7%. So the sum of those two is a minimum of 37%. Amazon takes a typical 40%, equivalent to the typical wholesale discount. The payout model is completely different (and way lower) for streaming on Apple Music and Amazon Prime."
Let's say Verb charges 10% for downloads
“With this new capability, we are greatly increasing our revenue potential and addressable market,” said Rory J. Cutaia, CEO of VERB. “ By enabling digital download ecommerce through the MARKET platform , we’re helping to facilitate the explosive growth of the creator economy, allowing virtually any creator to monetize their music, art, and eBooks, among countless other categories, while engaging directly with their fans and followers in a livestream event.
Opinions vary how how much Amazon and Apple charge artist for 'downloads". Here's one...
"The key part of the question is the word “download” which implies a purchase of a track or album in MP3 file format from Apple or Amazon. The standard Apple model is that they take 30% of sell price, but artists have to go through integrators to get music on Apple and they take a minimum of 7%. So the sum of those two is a minimum of 37%. Amazon takes a typical 40%, equivalent to the typical wholesale discount. The payout model is completely different (and way lower) for streaming on Apple Music and Amazon Prime."
Let's say Verb charges 10% for downloads
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