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on-demand radio, think about a jukebox. put that on the internet. you can specify which song up to the hear. you can specify to shuffle on the internet radio stream. so you go to spotify. you want to hear a mix of songs that you like, and you know, but you also say mix it up a little bit, some of it is on demand some of it is prepackaged, but you can also take it from your collection. think about on an on-demand jukebox or some mix of that, and that s the on demand radio. your next traditional model that has essentially morphed to the internet morphed toance and digital, is buying music. some of are you old enough to remember record stores, you know, tower, sam goody. no, ok. they also used to sell other things paraphernalia your parents didn t want you to have, at least in my town. so think about just purchase music. $8.99 an album, that s at the far end of the spectrum. and once you own that music, today you can generally import it to whatever device you want. it come ....
should be able to buy directv. all of that ahead on bloomberg west. first though, we are talking about amazon, out with a much better than expected quarterly report, revenue jumping 20% and returned a surprise gain of $.19 per share. analysts were expecting a loss of $.14 per share. they have efforts to lure more customers with amazon video. right now, shares a rub 17%. with us from new york the senior equity strategist for amazon and the vice president of media ventures and from seattle, our guest from a joint venture group and an amazon investor. matt let s talk about what is happening with aws. matt: they are just rocketing. they are one of the most profitable, if not the most profitable section of amazon. you saw them at $23 billion for the quarter and they are just making progress. emily: david, i want to bring you in on some of the things we re seeing with online video. transparent was a big hit. are we seeing that replicated? guest: i wish they would show th ....
today. road map begins with apple. shares falling after that first revenue decline for a year since 2001, but its cash hoard swells to a new record. coca-cola s poised to open higher, this after a quarterly beat. north america showed signs of strength, and that did offset sales weakness abroad. and shares of chipotle and panera going in opposite directions, both reporting earnings. we re going to break down those numbers. but first, apple shares falling. quarterly earnings did beat consensus but profit and rove knew fell for third consecutive quarter as apple sold fewer iphones than a year ago. apple is banking on iphone 7 to boost holiday quarter. and on last night s conference call tim cook talked about prospects for growth in china. it s very hard to gauge demand, as you know, when you re selling everything you re making. and so we ll find out more through the quarter, but we re confident enough to give you guys guidance that we re returning to growth this qu ....
think tank or a research initiative to really look at some of this and try to foster innovation in the music industry and try to foster a sustainable musical ecosystem for them. host: well, let s two questions. number one is when somebody downloads or uploads a tune from itunes, pays $1.99 for one song, where does that go? who gets it? guest: so typically in a download from itunes, about 30% of that is kept by apple, 70% is paid out to the rights holders, and that s generally split roughly 10% in the u.s. to the songwriters and music publishers and about 670% to 60% to music labels and the artists they represent. host: and the artists themselves, how much of that, how much do they get out of that 70%? guest: it depends really on the contractual deal between the record label and the artist. typically, it s 15-25% royalty depending on the negotiating power of the artist, and then there are a variety of deductions that come into, come into play as they are paid ....
host: and c-span we want to introduce you to professor allen bargfrede an associate professor at the berkeley college of music in boston and executive director of an organization called rethink music. professor bargfrede what is rethink music and what s the report you just came out on the music industry? guest: rethink music is a think tanker form to berkeley so obvious over the past 15 years there has been a number of changes in the industry because we have more than 1000 graduates from our college every year and to have a viable career in the music industry we chose to open up a think tank or research initiative to really look at some of this and try to foster a sustainable ecosystem for them. host: well, two questions. number one is when somebody downloads or uploads a tune from itunes it s $1.99 just for one song. word is that $1.99 go? do you get it? guest: typically a download from itunes, 30% of that is paid out to apple and 70% is paid out to the rights ....