Apple has put together a proposal to set fixed songwriting royalty rates for music streaming services. The government filing, obtained by The New York Times and not made public by Apple, was crafted in collaboration with the Copyright Royalty Board and it would set songwriting royalty rate at 9.1 cents per 100 streams. Although the change would simplify what has long been a mystifying and complex royalty system, it would also significantly hike costs for competing streaming services, namely Spotify. It’s important to note that because Apple struck its own deals with record labels for its Apple Music service, the company may be able to avoid following the rules of its own proposal.
The new rates, if adopted, would drastically alter how...
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