News: Apple Music’s royalty rates complicate Spotify’s contract negotiations<img src="
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Apple Music’s entry into the streaming music business has major labels asking Spotify for a larger share of its revenue, Music Business Worldwide reports. Spotify’s contracts with Universal, Warner and Sony have all expired, and while the labels want Spotify to up their revenue share from 55 percent to something closer to the 58 percent Apple currently pays, Spotify is trying to push what it pays even further down. Spotify is getting by…
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News: Apple Music’s royalty rates complicate Spotify’s contract negotiations
