CNet is reporting that Apple and the music publishers are nearing agreement over monetary compensation. In fact, only small issues are left in the negotiations. That said, negotiations could still stall, considering the complexity of the music business. Even minor issues could cause a major hiccup. This report comes right off the heals of a […]
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Apple and Music Publishers Nearing Agreement

CloudComputing-150x150.jpgCNet is reporting that Apple and the music publishers are nearing agreement over monetary compensation. In fact, only small issues are left in the negotiations. That said, negotiations could still stall, considering the complexity of the music business. Even minor issues could cause a major hiccup.

This report comes right off the heals of a recent report which claimed that Apple and music publishers (not to be confused with Music Labels) were close to seeing eye-to-eye already, regarding Apple’s plan to introduce a cloud-based music streaming service. The main sticking point, up to this point, was monetary compensation.

In fact, Apple and the publishers are pushing into new ground. Publishers receive, by law, 9.1¢ per track sold. After that however, is anyone’s game. Thus, Apple and the publishers are having to essentially set standards for the industry going forward.

At any rate, it is still expected that Apple will introduce their much-rumored cloud-based music streaming service at the year’s World Wide Developers Conference, which is slated for June 6th-10th.

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