The streaming royalty figures aren't great.
Apple will be making it very tough for their artists to profit from the new music streaming service, Apple Music.
According to a contract leaked to Digital Music News, the tech-giants will give just 58% of subscription revenue to their artists, which is quite poor in comparison to Spotify who give 70%.
To make matters worse, the contract reveals that rights owners will shockingly receive 0% during free month trials or on comp accounts — this is particularly interesting since Apple announced at its recent launch that all subscriptions will come with a three month free trial.
The leaked contract compounds a very tough week for the company who are also currently being investigated for possible label collusion in relation to the new streaming service.
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Apple Music is due to be launched on Jun 30.
UPDATE: According to Mac Rumors, Apple will give record labels 58% subscription revenue, while another 12% will go to publishers and or songwriters — therefore, they will pay 70% in subscription revenue which is in fact on par with their competitors and the industry standard.