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Apple bargains with record companies, wants to pay just half of what Pandora do to stream music

Apple pushing record companies to drop their streaming rates, want to pay half of what Pandora do

| Business, Financial & Legal News | Posted: Mar 8, 2013 9:35 am

Apple are in the middle of getting their music streaming service ready, and are in discussions with various record companies. The Cupertino-based giant is pushing the companies to lower their rates to Apple for every 100 songs streamed.

 

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According to The New York Post's unnamed sources, Apple wants to pay just $0.06 per every 100 songs streamed. This is quite cheap considering Pandora are paying $0.12 per 100 songs, and Spotify is paying a premium $0.35 per 100 songs. This might sound unfair, but the latter two companies don't have the same kind of pull that Apple does.

 

The Post's sources have said that this move "could tap a whole new revenue stream for them" with their own music service.

NEWS SOURCES:Bgr.com

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