Posted on 06/22/2015 5:29:05 AM PDT by Mad Dawgg
http://www.digitaltrends.com/music/apple-music-will-pay-music-owners-comparably-to-spotify/ "Apple will not pay rights holders anything during the service’s three-month free trial period."
So bottom line Apple was stiffing Artists for three months then saying but we will give you a couple more pennies later.
So lets say a whole bunch of people listen to the hot new song from whatever band for those first three months of their subs then never play it again. The band got stiffed. Sorry but bottom line Apple was trying to give away music they didn't own the rights to for free. They got called out and they quickly caved.
Doesn’t matter. Musicians NEVER see a dime regardless.
SHEESH! The indies were NOT told to "get bent." It's in the contracts the indies signed with Apple for inclusion in the trial periodl. . . And compensation was covered.
You guys just don't give up, do you? These news reports have it wrong because they are basing the reports on the complaint. The indies got a similar deal. Apple kept a count of ALL on demand plays during the trial period and Apple would pay after the revenue stream started. The payment times are in the contracts negotiated with the artists. The complaint is not about NOT being paid, but WHEN THEY WILL BE paid. Apple has categorically stated the intention has always been the artists were going to be paid. Apple has stated it IS in the contracts the indies signed, something checkable, and which has been confirmed. No one was going to be cheated out of compensation. If Apple's management were lying about this they would be opening themselves and the company to severe penalties from Sarbanes-Oxley Act of 2092, which specifies personal fines of up to $20 million of someone of Eddy Cue's position, and prison terms, for making deliberately false statements which could affect a company's financial or stock value, which these statements could be construed to do by adversely affecting Apple's reputation.
Yeah the news and everyone else but Apple was wrong YET Apple changed the deal AFTER they got negative publicity. See the spin is not in sync with the facts. If it was such a great deal THEN WHY DID APPLE CAVE AND CHANGE IT?
All they did was agree to pay DURING the trial. . . not wait until after the trial when revenues were flowing. Read what I posted elsewhere about Generally Accepted Accounting Principles and the requirements of revenue streams under GAAP. Paying in advance of services rendered is not generally allowed under GAAP. Apple is going to have to jump through hoops to do it, but has agreed to set aside the contract agreements for the indies to pay them before the revenues start flowing. THAT is the change, not that they WILL pay them where they were not before.
All of those negative toward Apple articles are written based on the negative information posted by Taylor Swift and people echoing the erroneous information who have not READ THE CONTRACTS which included the extra 2% spiff on top of the normal 70% split, which is far greater than artists were getting for their music from normal channels of distribution where they would get a few pennies on the dollar. You guys complaining about this really have no idea about what artists got paid before.
And btw you are outright lying.
This is a Direct quote from Cue: "We had originally negotiated these deals based on paying them a higher royalty rate on an ongoing basis to compensate for this brief time", he said. They will now pay artists during the trial period and "also keep the royalty rate at the higher rate.
And this from Billboard:
So in Cue's own word they felt the extra few percent would make up for not paying us for three months. YET if people did not start paying for the service then that persons three free months would never be compensated to the artists. Now that is how Cue has explained in, Billboard has explained it, the independent Artist's association explained it, BMI has explained it (which I am a member of) ASCAP has explained it SESAC has explained it. YET you claim you know better. Sorry but you don't!
Apple was going to stiff artists for three months. Taylor Swift publicly shamed them and now they are not.
Ahh OK then you should explain that to Mr. Cue who directly refutes your claim:
From the article YOU posted:
Cue: We've been hearing a lot of concern from indie artists about not getting paid during the three-month trial period, which was never our intent. We never looked at it as not paying them. We had originally negotiated these deals based on paying them a higher royalty rate on an ongoing basis to compensate for this brief time. But when I woke up this morning and saw what Taylor had written, it really solidified that we needed to make a change. And so that's why we decided we will now pay artists during the trial period and we'll also keep the royalty rate at the higher rate.
So right there Cue states there was no BACK PAY or figuring of plays during the Free time. AND being the people who did not decide to subscribe after the free time was up there would be lots of music never paid for anyway.
Face everyone INCLUDING Apple says you are wrong!
Dawgg, no where in what Eddy Cue said in either of your previous two posts is the statement “no BACK PAY or figuring of plays during the Free time.” You are wrong. The Contracts contain that agreement. You are just wrong, and repeatedly posting statements from similarly wrong BLOGS and repeating statements from Apple trying to explain the original negotiated and signed contracts that just do not say what you want them to say, does not make you any more right. I’ve seen the what the contracts said, you obviously have not. I am not going to argue with you anymore.
Apple felt the few extra percent made up for the time we weren't being paid AND RIGHT IN THE STORY IT SEZ THEY CHANGED THEIR STANCE.
It can be no clearer you are wrong.
All that changed is when Apple would pay. Nothing more.
Thanks for posting definitive proof AGAIN that Apple was going to stiff us and now they are not!
Well done Taylor Swift for stopping Apple from stealing from us Independents!
Why should she let a multi-billion dollar company rip her off? Good for Taylor telling those liberals to shove it!
Apple is paying indie labels $0.002 per stream for free trial… BEFORE tax
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.