When Will Spotify Be 99 Cents Again
Apple tree Music Tops Spotify With One Cent Paid Per Stream
In a letter slated to be shared with artists today through the Apple Music for Artists dashboard, obtained by The Wall Street Periodical, Apple tree has reportedly revealed that it pays music rights holders one cent per song streamed on Apple Music.
The report claims that Apple Music'south payment structure is thus roughly double what Spotify pays music rights holders per stream, which averages to almost ane-third to 1-half penny per stream, although the report cites music industry experts who say that Apple Music's payments can dip lower. Apple Music's payments come directly from the service'due south subscription-based revenue from customers, the report adds.
In the letter, Apple says information technology pays 52% of subscription revenue, or 52 cents of every dollar, to tape labels and other music rights holders, according to the report. These music rights holders in plough pay artists based on their recording, publishing, and distribution agreements, and then artists might non receive the entire cent per stream.
"As the word almost streaming royalties continues, nosotros believe it is important to share our values," Apple said in the letter of the alphabet, the report says. "Nosotros believe in paying every creator the aforementioned rate, that a play has a value, and that creators should never have to pay" for their music to exist featured in prominent sections of the Apple tree Music app.
Spotify has significantly more users than Apple tree Music worldwide, with 155 meg paying subscribers and 345 million total users equally of the end of 2020. Apple Music'south last known subscriber count is around 60 1000000, including those on a costless trial, just Apple has not provided an updated figure in near 2 years now.
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Source: https://www.macrumors.com/2021/04/16/apple-music-pays-one-cent-per-stream/
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