Indie Labels Challenge Apple Music's Spatial Audio Royalties Plan
Independent music labels argue that Apple's new payment scheme for spatial audio tracks could unfairly benefit major labels at their expense.
- Independent labels express concerns over Apple Music's new spatial audio royalties, fearing it will disadvantage them financially.
- The scheme pays artists 10% more for spatial audio tracks, but this comes from a fixed royalty pot, potentially reducing payouts for non-spatial audio tracks.
- Producing music in spatial audio can add significant costs, estimated at $1,000 per song, making it less accessible for indie labels.
- Major labels with the resources to invest in spatial audio, such as Universal Music Group, stand to benefit the most from the new payment plan.
- Indie labels are considering negotiations or legal action against Apple, questioning the overall value of spatial audio in music production.