Apple has confirmed it will pay music rights owners slightly more than 70 percent of the revenue from the new Apple Music service, Re/code reports. U.S.
music owners will get 71.5 percent of the $10-a-month subscription fees, while international rates are variable but average out to around 73 percent, according to Robert Kondrk, the Apple executive in charge of negotiating music deals. He says Apple’s payments are a few percentage points higher than the industry standard to account for rights holders not being paid during Apple’s three-month free trial of Apple Music, which was a bone of contention with music labels during negotiations.
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