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Why Record Labels Still Care About iTunes

Over 80% of iTunes users are not subscribed to Apple Music, representing an untapped market
Half of iTunes current customers began buying songs on the platform in the past 10 years, according to ApplePhotographer: Ian Waldie/Getty Images Europe
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Welcome back to Soundbite. I’m in Los Angeles this week, thankfully enjoying a reprieve from frigid New York City and attempting not to worry about whether my car will get dug out of its ice block before alternate-side parking restarts. Today, in honor of Grammys week, we’ll take a look at a surprising strategy taking shape at the record labels: a focus on Apple Inc.’s iTunes and music downloads.

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