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Apple Music to Pay Higher Royalties for Spatial Audio Tracks
In a letter Monday, the streaming service said Spatial Audio tracks will receive a royalty rate up to 10% higher than content not available in the format.
As part of this effort, Spatial Audio tracks also enjoy enhanced visibility on the app’s home page, sitting higher than even new music releases. Early adopters of the format included Taylor Swift, Katy Perry, The Weeknd, Billie Eilish, J. Cole and Post Malone. In a June 2021 interview with Billboard, Eddy Cue, Apple’s senior vp of internet software and services, conceded that encouraging artists to mix their tracks for Spatial Audio would be a challenge given the time, work and financial investment required.
Or read this on Billboard