Apple Will Pay More To Streaming Music Producers Than Spotify -- But Not Yet

Reader journovampire supplies a link to Music Business Worldwide (based on a re/code report) that says Apple's new Apple Music service, after a trial period during which the company has refused to pay royalties, is expected to pay a bit more than 70 percent of its subscription revenue out to the companies supplying it, rather than the 58 percent that some in the music industry had feared. Notes journovampire: "If 13% of iOS device users in the world paid $9.99-per-month for Apple Music, it would generate more cash each year than the entire recorded music biz manages right now."

Comments

That's my problem

[quantaman]

"If 13% of iOS device users in the world paid $9.99-per-month for Apple Music, it would generate more cash each year than the entire recorded music biz manages right now."

I sure as hell don't purchase $120 in music per year, even when the CD was king I doubt many ever did.

So why do they suddenly expect us all to start spending as much on music as the most vociferous consumers?

$3-5 monthly, $36-60 per year, that's a price point where subscription services start making sense to me.