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Author Topic: Most of Apple Music's revenue will go to music labels, but only after its free trial  (Read 474 times)
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« on: June 16, 2015, 03:00:19 am »

Most of Apple Music's revenue will go to music labels, but only after its free trial

<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p class="intro">Apple will pay the majority of its subscription revenue from Apple Music to music rights holders.</p> <!--break--> <p>Apple has confirmed that it will join most other streaming music services in paying a large majority of their subscription revenue to music rights holders. The company will pay out 71.3% of Apple Music revenue in the U.S., while that rate will fluctuate in other parts of the world, according to Re/code:</p>
<p>Here are the real numbers, according to Robert Kondrk, the Apple executive who negotiates music deals along with media boss Eddy Cue: In the U.S., Apple will pay music owners 71.5 percent of Apple Music's subscription revenue. Outside the U.S., the number will fluctuate, but will average around 73 percent, he told Re/code in an interview.</p>
<p>Apple will also not start paying out to music labels until Apple Music customers start paying. During the initial three-month trial, Apple won't pay for any of the music streamed. To counter this, Apple will pay slightly more than most other streaming service, in part to facilitate the trial.</p> <p>Apple Music will launch in over 100 countries on June 30 for Mac, iPhone, iPad, and Windows. It will cost $9.99 a month for an individual subscription after the three-month trial, while families of up to six can access the service for $14.99 per month.</p> <p>Source: Re/code</p> </div></div></div><img width='1' height='1' src='' border='0'/><br clear='all'/>

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Source: Most of Apple Music's revenue will go to music labels, but only after its free trial
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