According to a recent report, iTunes costs $1.3 billion a year to run, which upon first glance seems way too high. I mean, what does iTunes really do? Sure they host a few songs, sell a few apps, and pop-out an update every time you turn on your computer (along with a complimentary update to …

pple’s launch of iCloud, its new streaming service, has been heralded by a series of backroom deals with the major labels. It has been reported that Apple paid the major labels between $100-150 million to include their artist’s music on the service. On the other hand, Apple offered nothing to independent labels, but it doesn’t …