Report: Apple music streaming nixed over royalties

Updated

Apple planned to build its own Pandora-style music streaming service—allegedly as a new iPhone 5 feature—until talks with the world’s largest music publisher Sony/ATV reached a late impasse, according to the New York Post. The two companies couldn’t agree on a per-song rights fee, sources said, dashing the possible deal. While those rights are normally a tenth of a penny per stream, Sony/ATV sought a higher rate from Apple. According to the report, Sony/ATV is also reportedly set to leave the ASCAP and BMI copyright associations, throwing a wrench into future negotiations with other services over streaming rights. [via CNET]

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Phil Dzikiy

Phil Dzikiy was the Editor-in-Cheif at iLounge. He mostly edited and oversaw all site editorial content, managed staff and freelancers, made the final call on product review grades and awards, and led online coverage of all Apple events and live coverage of the International CES in 2015.