Apple's Proposed Royalty Rates Could Change The Game For Streaming ServicesPlay
Apple has proposed new rates for streaming services to pay in songwriting royalties. The filing was made to the Copyright Royalty Board recommending that songwriting royalties of 9.1 cents be paid every 100 times a song is played.
But is that sustainable for all streaming services, including those who offer free memberships like Pandora and Spotify?
Here & Now’s Meghna Chakrabarti speaks with CBS News business analyst Jill Schlesinger about the new royalty proposal.
Jill Schlesinger, CBS News business analyst and host of "Jill on Money." She tweets @jillonmoney.
This segment aired on July 18, 2016.