Apple Streaming Music
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Posted on 06/22/2015 7:54:55 PM PDT by Swordmaker
Translation: “We got caught with our johnsons exposed. Now please excuse us while we zip up.”
L
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Exposed Johnson’s, ya say?
Shake It Off! *SNORT*
No, Apple had always intended to pay, just when the revenues were booked. That's a standard practice in business. This was KNOWN, and specified in the agreements. When Apple charged the cards for subscriptions made during the trial period, the artists would be paid. This was an argument from people who wanted their money NOW, not later. The agreements even stated that they would received GREATER compensation because of the delayed payment. This is a idiotic kerfuffle about not much of anything. Now Apple has decided to go ahead and pay them now AND still pay them the extra money.
All the crap she takes, too...
Yet she’s the one who stood up...
LOL, Taylor spank.
Fun being a little bird on a tree watching giant dinosaurs fight.
That’s not how I read his response, but your comparison to revenue recognition is hogwash. A company’s obligation to pay its suppliers is totally separate from when it receives payment from its customers. Apple can provide free trial service as long as it wishes, but in no way does that imply their content providers also agree to such terms.
There were some FReepers last night who seemed to think Swift was going to get her clock cleaned in this disagreement. Nope. She’s not just a pretty face. She’s pretty business savvy too.
Apple> Once the trial period is over, they [trial users] would [either] convert to a paying customer or they would decide that the service is not for them...
Sword> Apple had always intended to pay, just when the revenues were booked... When Apple charged the cards for subscriptions made during the trial period, the artists would be paid.
What about the trial users who "decided the service is not for them"? All they wanted was a freebie deal. Their cards were not charged, and they didn't make any subscriptions during the trial period. They got three months of music for free and then walked away.
We both know there would be LOTS of people who would do that.
So... Who was going to pay the artists whose music was taken for three months by the freebies who walked away? I haven't read that Apple intended to fund that loss, but that seems to be what they've agreed to do now.
What am I not understanding about the handling of the walk-aways?
Seems Apple was planning to cheat a lot of artists but got caught. I guess they thought it was okay for them to cheat people.
She’ll write a song about it! It will go platinum. LOL!
I have seen absolutely nothing to support this comment from you. Apple NEVER intended to pay the artists or indies even a dime during the trial “free” period.
What are you smoking? This very article debunks what you say.
You are simply not understanding that Swordmaker got this “all wrong.”
Exactly.
Cheat!
Cheat!
Cheat!
That was in the agreement.
So..... do you have a copy of the ‘content provider’s contract’ ?
Apple would, out of revenues from those who did pay subscriptions. Apple would wait for profits to manifest. They can afford to. Generally Accepted Accounting Practices (GAAP) rules apply to this, just as they do to all corporate income and expenditures. . . that's what some on here and elsewhere simply do not understand. Several years ago, Apple was forced to initiate a $2 charge for an upgrade that had been free before the Sarbanes Oxley laws were passed. . . The license as it existed did not allow them to give it away and some stockholders filed a lawsuit over giving it away on the grounds it caused a loss of stockholder return. The license Apple was offering the artists was a greater payment later for a delay in payment during the trial period.
As usual, there are people who would prefer to HATE Apple and obfuscate the issue than to understand what Apple was offering. . . which was a pretty good deal.
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