Apple To Pay 71.5% Revenue To Labels, Publishers From Music

Apple Inc would pay more than 70 percent revenue from music subscriptions to music owners. In US, the company will pay music owners 71.5 precent revenue from its US$9.99 per month music streaming service, it said in a statement.

Apple offered a music streaming service, Apple Music at its recent WWDC. The service is not different from other music-streaming services, but it comes with Apple's deep music roots, global brand and hundreds of millions of iTunes customers.

The report, first published by Re/code, also noted the payments will be to people who own sound recordings that Apple Music will play and owners of publishing rights to songs' compositions.

Notably, Apple isn't going to pay music owners anything for its three-month free trial period.