Answer the following statement(s) true (T) or false (F)

1. Your textbook argues that although the music business has shed some of its mystique and glamour,
it has become a viable career choice in more ways and for more people than ever before.
2. The rise of streaming as a delivery mechanism is more lucrative for artists than the download
business model because royalty rates (per listening experience) are proportionally higher.
3. In 2008, Apple’s iTunes allowed labels more flexibility on consumer pricing in return for the labels
permitting Apple to discontinue DRM constraints on downloaded files.
4. Your textbook asserts that because of economic pressure on their profit margins, record labels rarely
today act as banks.
5. Most of the artists signed by labels in the last nearly 50 years never recouped the costs of their
recordings.

1. true
2. false
3. true
4. false
5. true