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In the United States, Apple will pay music owners 71.5
percent revenue from its $9.99 per month music streaming
service, Apple said. The number will average around 73 percent
overseas.
Technology website Re/code first reported the news on Monday.
(http://on.recode.net/1MEqI7D)
Apple Music, launched last week, may not differ much from other
music-streaming services, but comes with Apple's deep music
roots, global brand and hundreds of millions of iTunes
customers.
The payments will be to people who own sound recordings that
Apple Music will play and owners of publishing rights to songs'
compositions, Re/code said.
Apple will not pay music owners anything for its three-month
free trial period. The company's payouts were slightly higher
than industry standard, the website reported, citing Apple
executive Robert Kondrk.
(Reporting by Sai Sachin R in Bengaluru; Editing by Joyjeet Das)
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