stacksmag
Posted: 405.8 hours ago
“ #AppleMusic has renewed its licensing deal with #WarnerMusicGroup in a move that reduces the tech giant’s royalty payment commitments to the major as it continues to aggressively build its user base, sources confirm with #Billboard. The deal ensures that WMG will continue to stream on Apple Music and be available to download on iTunes.” As Apple work on their deal with Sony, the new licensing deal with WMG will reduce label payments from 58% to 55% revenue payouts. #music #tech #business #stacksmag #stacksmagazine
#applemusic #warnermusicgroup #business #stacksmagazine #music #stacksmag #billboard #tech
@maupan @stacksmag