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

Posted by timothy on Tuesday June 16, 2015 @01:47AM from the first-three-are-free dept.

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."

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Re:0x4650 by Imazalil · 2015-06-16 02:01 · Score: 5, Interesting

I'm guessing that the money would still go to the record companies who would just keep for themselves.
I do hope that Apple has it worked out that this doesn't happen. Not that I want Apple to sit on an even bigger pile of cash, just if musicians aren't going to get the money, I don't want it to go to the record companies.