Wednesday, March 13, 2019

Article: Apple Music Is Only Major Streamer Not Trying To Cut Songwriter Royalties

On the tech front...

Apple music

"Spotify, Pandora, Google and Amazon are appealing the U.S. Copyright Royalty Board ruling that would increase streaming payouts to songwriters by 44%. Notably absent from the list of music tech giants is Apple Music.

Under this CRB ruling, streaming services will be required to pay songwriters and publishers 15.1% of revenue, up from 10.5%.

Apple Music are not appealing the ruling, according to multiple sources. While they too will benefit if the appeal results lower royalties, Apple's decision to accept the new rates provides and artist and publisher friendly contrast to its competitors. Last week Spotify angered many in the music publishing by launching in India without a licence from WMG's Warner/Chappel Music publising arm."

(Via Apple Music Is Only Major Streamer Not Trying To Cut Songwriter Royalties - hypebot.)

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