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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

By Anthony Garreffa on Mar 8, 2013 03:35 am CST - 0 mins, 34 secs reading time

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.

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

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.

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

NEWS SOURCE:bgr.com

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