News: Apple seeking lower rates in renegotiations with record labels
With current contracts with record labels set to expire at the end of this month, Apple is looking to reduce what it pays the labels for streaming music, Bloomberg reports. According to people familiar with the matter, the talks are part of larger negotiations to revise Apple’s relationship with the music industry overall, and cover not only the Apple Music streaming service, but also content available for sale on the iTunes Store. The new terms…
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News: Apple seeking lower rates in renegotiations with record labels
