Connect with us

Hi, what are you looking for?

Tech News

Apple tells artists how much more money they can make with spatial audio

The Apple Music iOS logo on a green and white background.
Illustration by Alex Castro / The Verge

Artists on Apple Music will earn a bonus payout of up to 10 percent in royalties for all songs that are also available in spatial audio. That’s according to an update sent to record label partners and seen by 9to5Mac. Quoted by Music Business Worldwide, it says that starting with January’s month-end payout, “pro-rata shares for Spatial Available plays will be calculated using a factor of 1.1 while Non-Spatial Available plays will continue to use a factor of 1.” Pro rata refers to the “one big pot” of pooled subscription money that’s divided based on the number of streams.

Bloomberg reported in December that Apple planned to offer financial incentives for musicians and record labels to release songs in the Dolby Atmos-supported format….

Continue reading…

You May Also Like

Editor's Pick

One of the key themes, if not THE theme, of 2023 was the dominance of the mega-cap growth trade. The Magnificent 7 stocks handily outperformed...

Editor's Pick

Eric Gomez On January 25, Taiwan’s military inducted its first group of conscripts for a one‐​year service period since Taipei announced the extension of mandatory...

Editor's Pick

The previous week was reduced to just a short 3-day trading week as Monday was declared a special holiday while on Friday, the markets...

Editor's Pick

In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews where the markets stand as we head into earnings from MSFT, GOOGL, AAPL and...