Apple’s new plan to take a bigger cut of royalties to artists offering spatial audio has angered some independent labels; He claims that this plan will take potential profits away from them in favor of companies with more resources at their disposal. Financial Times. Last month, Apple began offering 10 percent higher royalties to artists who release spatial audio tracks on Apple Music. But this comes from the same fixed pool of money used to pay artists who don’t present the format.
Apple wants royalties for spatial audio
Spatial audio is produced using Dolby Atmos technology and costs about $1,000 more per song, according to executives who spoke to the FT. An entire album will cost about 10 times more; now you can multiply this to account for the hundreds or thousands of albums in a label’s back catalogue. The Financial Times spoke to executives at Beggars Group, Secretly and Partisan Records, whose labels represent artists such as Vampire Weekend, Phoebe Bridgers and others.