Correction: Streaming-music royalty rates

This story originally misstated the amounts said to be paid to the indie music labels. Apple reportedly will pay out 0.13 cent in the first year each time a song is played and 0.14 cent in the second year, while Pandora reportedly pays out 0.12 cent. That is, payments per song play are in the hundredths of a penny.

This story originally misstated the amounts said to be paid to the indie music labels. Apple reportedly will pay out 0.13 cent in the first year each time a song is played and 0.14 cent in the second year, while Pandora reportedly pays out 0.12 cent. That is, payments per song play are in the hundredths of a penny.

Read the updated story here.

 

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