Apple said to want lower royalty rate than Pandora for new service

03/8/2013 | New York Post

Apple reportedly has offered music labels about 6 cents per 100 songs streamed for its proposed music service, about half the amount they are receiving from Pandora. Although the proposed Apple service would create new revenue for the labels, they are said to be reluctant to accept a lower royalty rate at the same time they are lobbying against congressional efforts to reduce Pandora's royalties.

View Full Article in:

New York Post

Published in Brief: