2024-02-04 13:41:52
Apple Music has a “spatial audio” function that allows supported devices to play more immersive sound effects. In order to encourage record companies to provide supported sound sources, they have increased royalties. However, this move has caused dissatisfaction with independent record companies, saying that this will Kill their living space.
Apple Music currently provides an additional royalty rate of 10% higher than normal for music that supports the “spatial audio” function. The calculation method is actually to share the proportion of the subscription revenue. Therefore, while increasing the “spatial audio” music royalties, ordinary music The income allocated will be reduced. This is naturally unwelcome for large music publishers, but independent record companies such as Beggars Group, Secretly Group and Partisan Records have criticized that this will cut the income of independent artists.
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According to reports, it costs an additional $1,000 to produce a “spatial audio” version of a song, and regarding $10,000 to produce an entire album, and updating original tracks may be even more expensive. Apple has not responded yet, but it is not without reason that they are working hard to promote “spatial audio”. Their key products Vision Pro and future AirPods will support this new format. More supported music will also allow them to compete with rivals such as Spotify. Open the gap.
source:Financial Times
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