Smaller record labels say Apple Music has not added money to the royalty payout pool to fund its 10% incentive for spatial audio, and instead it is reducing how much it pays all but the biggest firms.
Apple Music has a pot of money and it’s spending more with larger record labels
Apple Music has a pot of money and it’s spending more with larger record labels
Apple Music recently told artists and record labels that it would pay them 10% greater royalties for music made in spatial audio. Counter-intuitively, the increase is not tied to how much spatial audio is listened to, but rather to what proportion of a label’s output is in this format.
So a label that can remaster everything it owns in spatial audio will see a considerably greater increase in revenues compared to one that can only remaster half its catalog.
Apple Music’s increased spatial audio royalties are taking money from independents
Apple Music’s increased spatial audio royalties are taking money from independents