Apple to pay 70 percent of subscription revenue from music labels, publishers

 

Apple said it would pay more than 70 percent of the revenue from music subscriptions to the owners of music.

In the US, Apple music owners pay 71.5 percent of their income from $ 9.99 per music streaming service months, Apple said. The number will average around 73 percent abroad.

Technology Website Re / code first reported the news on Monday.

Apple Music, released last week, may not differ much from other streaming music services, but has deep roots music with Apple's global brand and hundreds of millions of iTunes customers.
Payments will be people who own the sound recordings that Apple Music will play and owners of publishing rights to songs compositions', Re / source said.

Apple will not pay the owners of music anything during your free trial period of three months. The company payments were slightly higher than the industry standard, the website reported, citing Apple executive Robert Kondrk.