With precisely two weeks up until the launch of Apple Music, details about the revenue sharing model for the streaming music service remain to emerge. Signboard reports that Apple has yet to get in touch with independent music publishers about Apple Music, leading lots of indie labels to think that the Cupertino-based company will soon send a bulk email to publishers with an opt-in contract connected.
Apple will reportedly offer indie music publishers a heading rate of 13.5 % income, greater than the 12 % it’ses a good idea for iTunes Match and 10 % it pays for iTunes Radio. Apple will pay indie labels somewhat higher rates than the market level, contributing to Apple Music’s general 71.5 % revenue sharing, in return for making no royalty payments throughout the three-month free trial it will certainly offer consumers.
“That free trial, without any payments being made to rights holders, prevented Apple from benefiting from the statutory licenses that many interactive streaming services use. Under that statutory license, Apple needs to send out notices of intent (NOIs) to publishers with a list of the songs they prepare to use, and after that pay to publishers making use of a three-tier formula authorized by the Copyright Royalty Board.”
The 13.5 % heading rate is supposedly part of a larger payment formula that will certainly be utilized to identify royalties paid to rights holders.
Apple Music was revealed last week as an all-in-one streaming music service, live worldwide radio station and social platform for artists to link with fans. The subscription-based service will be offered June 30 for $$ 9.99 each month after a three-month free trial duration for iPhone, iPad, iPod touch, Mac and PC. Apple TV and Android versions of the service will be available in the fall.