Apple Offered Labels Half What Pandora Pays for Streaming Music?

Posted March 7, 2013 at 8:23pm by iClarified | Please help us and submit a translation by clicking here | 4763 views

Apple has made an offer to record labels for its rumored music streaming service that is half what competitor Pandora is paying, reports the New York Post.

The tech titan, the most valuable company in the world, made an initial offer to the label of about 6 cents per 100 songs streamed, sources said. That’s about half of the 12 cents per 100 songs paid by Pandora, the leading online radio service that Apple is taking aim at, sources said.

Music labels want Apple to pay at least 21 cents per 100 songs streamed so the discrepancy is quite large. Spotify reportedly pays 35 cents per 100 songs.

Recently, it was also reported that YouTube is looking to launch its own music streaming service later this year.

Read More


Share
Add Comment
Black Jack - March 7, 2013 at 11:12pm
Jack Black could eat no fat ... 'cause he is a fat pig. Take that, you fat nigga
Jack black - March 7, 2013 at 8:44pm
This article is incorrect when it states: "The tech titan, the most valuable company in the world". Exxon mobile is more valuable and that's just off the top of my head I'm sure I could think of more if I wanted to. Please correct this error
MrEdofCourse - March 7, 2013 at 9:58pm
They're obviously measuring value by market cap, and by that measure, they are correct. Apple currently, as of this writing, has the highest market cap in the world at 404.34 Billion compared to 2nd place Exxon Mobile at 399.37 Billion. Good luck thinking of more if you want to.
justabrake - March 7, 2013 at 8:27pm
I pay $35 a year with pandora and would never go anywhere else they are to far advanced then them all out their.
Follow iClarified
Disney Movies Anywhere App Now Lets You Pause and Resume Downloads
The Disney Movies Anywhere app has been updat...
Apple Airs New 'Powerful' iPhone 5s Ad [Video]
Apple has aired a new 'Powerful' ad for the i...
Amazon Updates Kindle App for iOS With Table of Contents, X-Ray Smart Look-Up Improvements
Apple Updates AirPort Extreme and Time Capsule With Heartbleed Fix
Apple has released a firmware update for the ...
Apple Announces Updates to App Ratings, New Games Rating System for Brazil