The Wall Street Journal reports that Apple is set to release an open letter to artists later today. Most significantly, the letter says that Apple Music pays one cent per stream. That is roughly twice what Spotify pays, according to estimates.
Streaming services are trying to show that they are friendly to artists, especially as revenue from concerts and tours cratered during the pandemic. In the same vein, Apple recently invested in an independent music artist platform called UnitedMasters.
The post Apple Music says it pays one cent per stream, roughly twice what Spotify pays appeared first on 9to5Mac.
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