Sony Music and Sony/ATV are both holding out on striking a deal with Apple for its soon-to-be-announced online radio service - a decision that is reportedly frustrating Warner and Universal.
From the Sony/ATV side, boss Marty Bandier is demanding a higher rate of pay for songwriters, who have traditionally only accrued around a twentieth of the value of a recorded music sale.
From the sale of a song on iTunes, for instace, the retailer (Apple) will take 30%. Of the ...
Register for a Music Week trial to access this article. Sign up today and you will receive: