updated 11:10 am EDT, Fri June 6, 2003
Derek Sivers, President of CD Baby and Hostbaby, has posted , which took place last night: "There are 6-7 million copies of iTunes in use; there have been 3.5 million songs sold so far; Apple is selling about 500,000 songs a week now; More than 75% of songs have sold at least once; 45% of all songs have been bought as an album....Big labels don't get preferential treatment....'Everyone is going to get the exact same deal. It's not negotiable. It's take it or leave it.'...a special Music Store Encoder tool for Mac OS X will be released in 90 days or so."