MORE The Latest / POSTED BY: KINGSOFAR

Apple Music revealed that it pays penny per stream, roughly double what Spotify pays music-rights holders.

The Union of Musicians said that all music streamers should pay one penny per stream at a minimum.

Apple has 60 million Music subscribers while Spotify has 155 million. Amazon has 55 million subscribers.

Artists aren’t paid directly by streaming services, rather they pay royalties to rights holders (labels, publishers, distributors). The right holders then pay artists.

Apple roughly 52 cents of every dollar, to record labels, whereas Spotify says it pays two-thirds of every dollar of revenue to rights holders, with 75% to 80% of that going to labels—translating to 50 to 53 cents on the dollar.

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