Apple caves in talks with UMG re streaming rates

THE $0.12 SOLUTION: Apple is set to strike a licensing deal with UMG by next week for its planned streaming service, which the press is referring to as iRadio, with Warner Music set to come to terms on its own deal, The Verge reports. According to the story, Apple failed in its attempt to pay half of Pandora's rate of $0.12 per 100 songs streamed, and has agreed instead to pay a rate nearly "neck and neck" with Pandora, a source said. Because of iTunes’ massive number of users, the new service is expected to be an immediate threat to Pandora. Apple still has to strike deals with Sony Music and music publishers, and talks with those companies are said to not be that far along. Especially problematic is UMPG, whose reps reportedly can’t stop giggling. The report supports I.B. Bad’s contention in his latest column that the labels have the leverage in these negotiations. Or, as MacRumors put it in its headline, “Apple Caves on Streaming Music Royalty Rates.” (4/12a)

HITS LIST: HORSEPOWER
VRRMMMM (5/17a)
NEAR TRUTHS: VARIANTS
Celebrity death match underway on album chart (5/17a)
OH, TANNENBAUM! ANOTHER GREAT CAREER HITS THE SKIDS
Another talented journalist trapped in the career cul de sac (5/17a)
THE COUNT: LIVE NATION TAPS TYLER, POST, BLINK FOR TOP U.S. FESTS
Cornering the market on surefire headliners (5/17a)
STAPLETON, WILSON BIG WINNERS AT THE ACMs
A genre mash-up at the home of the Cowboys (5/17a)
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)