Posted 06/18/2015 at 9:02 AM
Posted 2 years ago
Apple Music, set to be available to the public on June 30th, has gone on record as saying that they intend to pay out close to 72% of the revenue they get from streaming to artists and labels.
This exceeds the current industry standard of 70 percent that’s offered.
The major bone of contention lies in the fact that during a user’s free three-month trial, there will be no royalties paid to the labels.
Major recording labels have already agreed to this, but independent labels are balking at the terms.
“We struggle to see why rights owners and artists should bear this aspect of Apple’s customer acquisition costs,” the indie label Beggars Group stated as a response on Wednesday.
Beggars Group boasts such prominent acts as Adele and Vampire Weekend.
Independent music label associations in the United States and the United Kingdom have also expressed their displeasure with the terms.
So far, Apple has declined to comment.