Apple is expected to announce a Spotify-like music subscription service at its WorldWide Developer Conference in San Francisco Monday. The company reportedly still has to finalize its licensing agreements with Sony, Warner Music and the Universal Music Group. The labels are getting 55 percent of Spotify’s $10 monthly fee, but are pressing Apple to pay 60 percent, according to Bloomberg.
That rate increase is in part motivated by the desire to get more money from all subscription services; if Apple was to agree to pay more, then Spotify and others would have to follow suit the next time rights are up for renewal.
http://variety.com/2015/digital/news...ce-1201513265/
