Affected by the epidemic, music streaming media (Apple Music, Spotify, etc.) have become musicians and publishers in recent years, mainly as a source of income. Apple recently wrote to every Apple Music copyright owner and musician to explain some details. The main question about streaming media revenue.
For the first time, Apple broke the way of paying artist fees to artists in the service and said that on average, Apple Music users will pay the artist US$0.01 to play music or video once. Do you think it is expensive?
Main focus of the open letter
- Apple says that users pay US$0.01 copyright fee every time they play on average
- In 2020, more than 5 million record companies and musicians worldwide received royalties
- Since 2017, the number of artists earning more than $1 million per year has increased by more than 120%
- The number of recording artists earning more than $50,000 per year has more than doubled.