Thursday, October 10, 2024
Archived Post

Apple wants record companies to accept a smaller Apple Music cut

Apple wants record companies to accept a smaller cut from Apple Music streaming revenues, according to a Bloomberg report.  

Currently, deals started at a 58% cut for labels compared to Spotify, which negotiated its payout from 55% down to 52%. Apple’s deals expire at the end of the month but might extend if negotiations stall. The tech giant wants to pay an amount closer to what Spotify pays, according to Bloomberg.  

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.