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In its latest statement to artists participating in Apple Music, the platform has revealed that it pays them a cent for every playback they get.

Apple Music

Following this letter, it is known that the pay rate is double that of Spotify. However, the latter has 155 million paying members -which brought in during the last quarter of 2020 more than 345 million euros-; while Apple Music is composed of 60 million premium users.

Also, Apple’s streaming music service has confirmed that 52% of the revenue it receives from subscriptions goes to the record labels that share their music through the platform.

According to the Recording Industry Association of America, streaming accounted for 83% of music revenues last year.

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