• Report: Apple Music Service Will Be Fair to Music Rights Owners



    Beginning June 30th, Apple's streaming music service conveniently titled Apple Music will launch. Free for all to try before the $10 monthly fee commences post 1-month trial period, the service in question stands poised to give the likes of Spotify and Pandora a legitimate run for their money. And thanks to the deals in place between Apple and music rights owners, those who own the music Apple will be serving up won't be running out of money any time soon.

    A source at Apple confirms what can best be described as a fair arrangement between Apple and music rights owners. Per the deal in place, rights owners will collect a "standard" percentage of revenue generated through Apple Music.

    "The fact that Apple will pay music rights owners around 70 percent of its revenue shouldnít be a surprise to industry music observers, since thatís a fairly standard ratio," Re/Code reports. "But the issue came up last week when a copy of an Apple Music contract surfaced online, along with the suggestion that Apple was only going to pay out 58 percent of its revenue."

    According to Peter Kafka, no royalties will be paid out during the 1-month trial period, but once the fees start rolling in, music industry folks will get their money.

    Source: Re/Code
    This article was originally published in forum thread: Report: Apple Music Service Will Be Fair to Music Rights Owners started by Michael Essany View original post
    Comments 1 Comment
    1. SpiderManAPV's Avatar
      SpiderManAPV -
      So, who is paying artists the best? Iíve been thinking about trying a streaming service again, but I refuse to use a company who wonít pay artists well. Iíve been hearing good things about Tidal and they have a student discount, so Iíve been looking at them, but keeping things in the Apple ecosystem would be nice.
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