Along with the 283,000 discs sold, iTunes sold 244,000 songs in the first week and ringtones generated another 269,000 sales. Because the record companies make the lions share of cash on CD sales, they are feeling the crunch and are passing the crunch downstream by hitting the artist up for less royalties and cuts of merch sales. Merch sales are a sweet peach and many bands make their living on them, along with the revenue from the tour (which has been cut into already as well) so it's going to hurt. - Click here for the Full Story

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