4 ms·
This letter and other bleating from labels is just about trying to get a better negotiating position. What this letter doesn't mention is that Apple is offering
by IBM 11y ago
This letter and other bleating from labels is just about trying to get a better negotiating position. What this letter doesn't mention is that Apple is offering a higher cut on an ongoing basis in exchange for the 3 month free trial.
>Apple won’t pay music owners anything for the songs that are streamed during Apple Music’s three-month trial period, a bone of contention with music labels during negotiations for the new service. But Kondrk says Apple’s payouts are a few percentage points higher than the industry standard, in part to account for the lengthy trial period; most paid subscription services offer a free one-month trial.
http://recode.net/2015/06/15/heres-what-happens-to-your-10-after-you-pay-for-a-month-of-apple-music/ http://recode.net/2015/06/15/heres-what-happens-to-your-10-a...
- FireBeyond 11y agoThe number I read was 1.5% more. Let's see some math: Artist earns $100 in royalties per month from service. In three months, has earned $300. Artist earns $100 * 1.015 in royalties from Apple Music. In three months has earned $304.50. Artist loses $300 in royalties from 3 month trial. At new rate, it will take (300/1.5 = 200) months to recoup the difference from the new royalty scheme to get back the loss. Sounds like a fantastic deal for artists...