10 Years of #iTunes Killed The #Music Business?

iTunes has been allegedly killing the music business for almost 10 years now and is showing no signs of letting up. The music store will turn 10 this week and is being blamed for draining billions from the music industry. According to the Recording Industry Association of America, music revenue dropped from $11.8 billion in 2003 to $7.1 billion last year.

Interestingly, during that same time, people have been buying more music than ever. How is that possible? It's because the iTunes Music Store popularized the cheap digital single. After manhandling the major record labels during a series of now-legendary negotiations, then-Apple CEO Steve Jobs was able to initially offer digital albums for $10 and any individual track off that album for 99 cents. 

 source: cnnmoney