Apple wants records labels to take smaller cut of streaming revenues

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apple music app
Music streaming has been a life saver for record labels.
Photo: Ste Smith/Cult of Mac

Negotiations for new Apple Music deals are currently underway with record labels and this time around Apple wants to come away with a much bigger cut of the revenue after overpaying for the last two years.

The company is likely to get its wish too, according to a new report that reveals the labels are supposedly open to the possibility of taking a smaller share as long as Apple Music is able to continue growing.

Spotify plans to put ‘sponsored songs’ in your playlists

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Spotify
Spotify won't be quite as spectacular for those who won't pay.
Photo: Jim Merithew/Cult of Mac

In its quest to turn a profit, Spotify is searching for new revenue streams and it may have just found a winner: sponsored songs.

The streaming service began testing its new Sponsored Songs feature, which lets record labels promote tracks by automatically adding them to listeners’ playlists, this week. The feature is supposed to only affect users of Spotify’s free tier, but some paying subscribers report that it’s happening to them too.

Tidal loses third CEO in two years

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Jay Z
Jay Z can't find a reliable CEO.
Photo: Flickr/NRK P3

Jay Z’s struggling Tidal music streaming service is saying goodbye to its third CEO in two years.

The company reportedly parted way with top executive Jeff Toig, though no replacement has been named. Tidal has had a revolving door of CEOs during its troubled history. Toig took over the reigns of Tidal just 18 months ago.

Jimmy Iovine says free music streaming is screwing artists

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apple-music
Apple Music doesn't have a free tier.
Photo: Apple

Jimmy Iovine wants people to pay for music again and he’s got a plan that just might work: make free music streaming suck.

The Apple exec and music industry legend sat down for a new wide-ranging interview, during which Iovine lamanted that artists aren’t getting paid enough for their music anymore. And it’s mostly Spotify and YouTube’s fault.

Rare Prince concert video might be Apple Music’s next exclusive

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apple-music
Apple will pay less for some of the hottest tracks.
Photo: Apple

Apple Music may soon get exclusive streaming rights to an unreleased Prince concert that was performed as a surprise in Minneapolis just before the release of his iconic Purple Rain soundtrack.

If Apple does land the rights, the company may owe a big ‘thank you’ to its rival Spotify, which employs the executive negotiating the deal.