Taylor Swift to Withhold Hit Album From Apple Music

Powerful Woman

Apple Music will debut with 30 million songs on June 30. After the free trial, the service will cost $9.99 a month per user or $14.99 per family, and Apple will begin paying musicians. The company had been aggressive in courting artists for the service and has argued they should be paid.

The threat streaming services create for the finances of the music business is also why Swift, crowned No. 64 in Forbes’ list of the “world’s most powerful women,” pulled her music from Spotify last year.

Apple Music is aimed at bolstering the tech company’s efforts in the sector at a time when the music industry’s revenue from streaming is on pace to exceed sales from downloads, according to MusicWatch.

The service will be available on iPhones, iPads, iPod touch, Macs, Apple TV, personal computers and — in a surprising twist — Android smartphones running software from Google Inc.

Spotify has more than 60 million users — with a quarter of them buying the $9.99-a-month ad-free subscription, while music is the most popular genre on YouTube’s video service, which attracts more than 1 billion users a month. Spotify pays almost 70 percent of its revenue to the music industry.

Article Appeared @http://www.bloomberg.com/news/articles/2015-06-21/taylor-swift-withholding-hit-album-from-apple-music-over-payment

 

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