Labels refuse low royalty rates for Apple streaming service - report
Apple’s long rumoured music-streaming service is said to have hit a stumbling block after record labels are refusing its offer of low royalty rates.
The tech giant is reportedly negotiating with labels but offering about six cents per 100 songs streamed – around half of the 12 cents per 100 songs paid by online radio service – and potential rival – Pandora.
While Apple’s music service could tap a whole new revenue stream for labels, accepting the offer could mean ...
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